Country: Australia Page 26 / 87
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- October 9 2023
Greensill investor alleges Marsh was aware of serious problems: report
The broker says that there were no breach of duties and puts the onus on private equity firm White Oak for due diligence.
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- October 6 2023
Steadfast expands into the US with US$55m broker agency buy
The Australian broker has bought the ISU Group, which has 239 independent members across 43 US states controlling more than US$6.5bn in premiums.
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- October 5 2023
Former RSA chief risk officer William McDonnell to join IAG as CFO
McDonnell, an expert on climate risk, is relocating from London to Sydney and will start on December 11.
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- October 4 2023
Lack of aggregate cover brings earnings volatility to APAC carriers
As rates soar, insurers are retaining more nat cat risk on their books, with the situation set to continue into the 2024 renewals.
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- October 4 2023
FM Global expands to Western Australia with Perth office
Anthony Brown has been appointed account manager and Scott Chapman becomes an account engineer for the Perth office.
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- October 3 2023
Crawford announces two senior Australian leadership roles
Perth-based Michael Dinan becomes Global Technical Services (GTS) manager for three states, while Matt Donnelly rejoins the adjuster as GTS manager for Victoria and Tasmania.
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- October 3 2023
AB Comsure acquires Brisbane broker CE McDonald
Following this acquisition, the combined entity’s annual gross written premium will be around US$96m.
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- October 2 2023
Australia’s GI brokers saw 11.4% increase in H1 GWP
The broking sector, which continues its consolidation trend, controlled US$11.9bn of premiums, according to APRA data.
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- September 29 2023
ICA urges New South Wales to drop fire services levy after Tasmania axe
The NSW state levy is forecast to collect US$900m in revenue from insurance customers in FY 2023-24.
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- September 27 2023
Pen Underwriting makes senior level hires in Australia
Dean West has been appointed national construction and engineering manager and Hun Kim joins as chief actuary.
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- September 26 2023
Suncorp expects December tribunal hearing on blocked ANZ bank sale with decision in February
Pending all approvals including from the Australian Competition Tribunal, the group sees a potential sale completion in the middle of 2024, chairman Christine McLoughlin says.
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- September 25 2023
Ominous start to spring weather in Australia, New Zealand puts (re)insurers on high alert
Bushfires, an El Niño declaration, record rain, landslides, heavy snow and an earthquake in the last few days point to busy six months ahead for claims' handlers.
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- September 25 2023
Crawford promotes Charlotte Lau to regional head of operations
Singapore-based Erwin Yu will take over from Lau as director of market development Asia.
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- September 21 2023
Canopius continues Australia expansion with two senior hires
Lucy Lumb joins the firm as underwriter, property coverholder and delegated authority, while Trisha Urquhart joins as underwriter - accident and health.
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- September 20 2023
Steadfast’s Insurance Brands adds Peacock Insurance to its fold
The New South Wales-based brokerage specialises in heavy transport, earthmoving insurance and marine and logistics coverage.
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- September 20 2023
Australia’s BoM declares El Niño and positive Indian Ocean Dipole as bushfires spark across three states
The combination, last seen in 2015, means warmer and drier conditions for at least the next three months increasing the risk of bushfires.
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- September 20 2023
Arch Australia hires Joe Bone as PI product and distribution manager
Based in Sydney, the former BHSI exec will report to Anthony Hinde, underwriting manager, professional indemnity.
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- September 20 2023
ICA welcomes New South Wales budget for disaster resilience, calls for tax reform
The state has the highest rate of insurance taxes in the country with insurance customers hit with both stamp duty and the emergency services levy.
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- September 18 2023
Charles Taylor takes Sedgwick’s Alan Page as executive adjuster, construction & engineering
Brisbane-based Page was previously head of engineering and resources for Sedgwick.
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- September 18 2023
ICA board members and Australian minister to meet (re)insurance players in Munich and London
Assistant treasurer Stephen Jones and ICA, Suncorp, IAG and QBE Asia Pacific CEOs set to meet Lloyd’s, Guy Carpenter, Aon, Munich Re, Swiss Re, Flood Re and the ABI this week.
