Country: Australia Page 3 / 119
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- June 26 2026
Buyer-friendly renewals persist at 1.7 as soft market signs mount, but reinsurers signal pricing floor
Rate reductions of 10–15% on loss-free business, with deeper cuts in some cases, as terms and conditions hold firm, industry insiders told InsuranceAsia News.
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- June 25 2026
‘Big shoes to fill’ as Michael Abdallah departs Liberty after 27 years, Marcus Thomas named CUO
Chairman of Australia and chief underwriting officer for Asia Pacific will retire on September 30, with Hong Kong-based Thomas taking over as CUO in the region on July 1.
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- June 25 2026
Australia’s cyclone pool has moderated premiums in high-risk areas: ACCC
Pool is delivering targeted premium relief for households and small businesses most exposed to cyclone risk, although broader cost pressures continue to push prices higher nationwide.
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- June 25 2026
PSC Insurance Brokers acquires transport specialist MA Insurance Brokers
Ardonagh Group-owned Australian broking group says the deal strengthens its capabilities in the transport and logistics sector.
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- June 25 2026
HDI Global hires Amiel Poonan as property underwriter
He joins in Brisbane following broking stints at Barrack Broking and PSC Insurance Group.
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- June 24 2026
ICA launches consultation on new legally enforceable code of practice draft
Other provisions include automatic claim acceptance for home and motor claims which have not received a decision within a year of filing, and stronger support for vulnerable customers.
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- June 23 2026
Piers Maunder retires from Australia reinsurance industry after 50-year career
He has been a senior adviser to Gallagher Re since 2023.
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- June 23 2026
‘Time for reform is now’: state budget highlights need for emergency services levy overhaul, ICA says
New South Wales budget showed the levy is forecast to collect over half a billion dollars more from policyholders across the four years to 2029-30 than the government projected.
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- June 22 2026
GT Insurance taps Yanna Walters as chief strategy, innovation officer
She returns to Australia after more than a decade in the United States.
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- June 22 2026
Matthew Davis joins Delta Insurance Australia as head of claims
He was formerly with Axa XL for almost eight years.
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- June 19 2026
GT Insurance taps Arron Mann as chief operating officer
He joins the partner agency of Allianz Broker Australia that specialises in the Australian transport sector having spent the last nine years at QBE Insurance.
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- June 19 2026
ARPC taps Cameron Hick as next CUO
He will work alongside current CUO Michael Pennell, who will commence leave on September 14 before retiring on November 27.
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- June 18 2026
BirdsEyeView spies Australia as ‘competitive edge’ opportunity with new wildfire model after seven-figure funding
Seasonality of bushfires in Australia is shifting due to climate change, according to founder and CEO James Rendell.
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- June 17 2026
ACCC approves Zurich-Beazley deal, finds ‘unlikely’ threat to competition
Two insurers would likely continue to face competition from multiple alternative suppliers of specialty insurance products in Australia, according to the Australian Competition and Consumer Commission (ACCC).
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- June 16 2026
Corporate travel insurers brace for more Middle East war-related claims as Iran conflict continues
Until insurers know the full financial impact of the claims, general corporate travel pricing is expected to remain stable, Melanie Barrett, head of A&H at MGA Dual Australia, tells InsuranceAsia News.
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- June 12 2026
Munich Re Specialty promotes Philip Steinbach to head of surety underwriting for Australia
Sydney-based Steinbach was most recently a senior underwriting consultant for surety when he joined the insurer 10 months ago.
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- June 11 2026
Aviso Specialty hires Nicholas Martin to lead new risk intelligence division
The former Marsh exec will lead the broker's unit providing senior management-led risk advisory services.
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- June 11 2026
Gallagher Australia poaches senior corporate broking trio from Aon
Joshua Heron has joined as corporate manager, Sarah Alexander as account manager, and Michael Hambleton joins as client manager in Brisbane.
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- June 11 2026
Australia claims costs rise as Middle East tensions drive fuel, freight, construction inputs inflation: Crawford
Underinsurance risk may become more apparent as replacement costs outpace policy coverage, loss adjuster says.
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- June 11 2026
El Niño raises winter bushfire risk across Australia: IAG
While reporting its quietest start in over a decade for weather-related claims, the insurer warned that emerging dry conditions are elevating bushfire risk.
