Country: Australia Page 3 / 93
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- March 18 2025
Cyclone Alfred insured losses to reach US$1.6bn, flood modeller predicts
JBA says 'previous concerns about a high number of severe wind damage claims were not realised' following the event earlier this month.
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- March 17 2025
Cyclone Alfred claims top 63,000, but event ‘not as significant as first feared’
Insurance Council of Australia also releases its Industry Action Plan, which outlines the industry’s position on the remaining recommendations from the Parliamentary Flood Inquiry and the independent review of the industry’s Code of Practice.
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- March 17 2025
Just the tip of a liability iceberg as PFAS risks become apparent, but legal reform roadblocks remain
Firms are set to be drawn into litigation, but changes to the law in Australia are unlikely as they could potentially open the government to significant risks, according to a Sydney-based lawyer.
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- March 14 2025
Crawford promotes Brendan Ames in Australia
He has been handed the role of strata strategic partnership manager and senior loss adjuster, having been with Crawford since February 2020.
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- March 14 2025
Queensland flood insured losses reach US$103m
Insurers have received more than 7,600 claims following the severe weather and flooding earlier this month, according to the Insurance Council of Australia (ICA).
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- March 13 2025
‘We will act’: Opposition leader Peter Dutton clarifies policy on breaking up big insurance companies
Prime Minister Anthony Albanese also weighs in on this issue, agreeing that insurance companies are 'ripping off' Australians.
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- March 13 2025
Cyclone Alfred claims top 44,000, road to recovery expected to be long
Insurance Council of Australia (ICA) CEO Andrew Hall also seeks to 'push past politicking around insurers and insurance companies'.
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- March 13 2025
Carbon specialist Kita expands into Australia
Chaucer-backed Lloyd's coverholder had entered Singapore in January last year.
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- March 12 2025
Cyclone Alfred payouts top US$1.5m as claims surge 50%
Economic and insured loss impacts expected to reach 'at least into the hundreds of millions', according to Aon.
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- March 12 2025
Canopius’ APAC premiums grow 28% to US$377m in FY24
Lloyd's insurer's APAC COR in the region deteriorated 5.5 percentage points year-on-year to 92.1%.
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- March 12 2025
Opinion: As APAC’s nat cat bill rises along with the nerves of insurers, is it time for governments to lend a hand?
Commercial (re)insurance market across Asia-Pacific faces an increasing severity and frequency of climate-related risks, which are seen as the defining challenge of our time, with stakes particularly high for the region.
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- March 11 2025
Cyclone Alfred claims ‘spike’ to over 22,000 as clean-up begins
Majority from Queensland, according to the Insurance Council of Australia, with claims from New South Wales set to increase in coming days.
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- March 11 2025
‘Significant’ claims in the thousands expected from Cyclone Alfred, could add to premium pressure despite downgrade
Impact zone of 'wide-ranging event' spans over 500km, covering heavily populated areas between southeast Queensland and parts of northern New South Wales, with over 9,000 claims already lodged.
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- March 10 2025
Marsh Australia appoints Kevin Duggan as principal
Prior to joining Marsh, Duggan worked at home and auto insurance agency Nsure for almost five years.
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- March 9 2025
Cyclone Alfred claims top 3,000, thousands more expected in coming days
ICA declares insurance catastrophe as flash flooding, thunderstorm warnings remain with remnants of the ex-cyclone moving inland.
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- March 5 2025
Cyclone Alfred could be US$1.25bn hit on Australian insurers: S&P Global
Cyclone could be worse than some of Australia's largest nat cats in the past 10 years.
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- March 5 2025
Lockton continues regional reshuffle, taps Marsh’s Marcus Pearson for Pacific CEO role
Brisbane-based Pearson replaces Paul Marsden, who will become a consultant and manage key client relationships.
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- March 4 2025
Brisbane on alert as Tropical Cyclone Alfred bears down ‘at a scale not seen in 35 years’
The cyclone is expected to cross the coast later this week with rainfall accumulation totals as high as 600-700mm expected in isolated areas.
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- March 4 2025
Analytics: Short-tail performance boost for Australia’s P&C carriers
APRA data shows general insurance COR improves in Q4 2024, while profit after tax almost doubles to US$1bn.
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- March 3 2025
Australian MGA Solution Underwriting rebrands as CFC
London-headquartered specialty MGA plans to launch services in liability and tech, media and intellectual property over the coming months following its acquisition of the Australian specialist in April.
