Country: Australia Page 3 / 119
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- July 2 2026
We’ve seen reinsurers’ appetite prevail at 1.7, Gallagher Re’s Roshan Perera says
New managing director and head of APAC tells InsuranceAsia News that while there seems to be some more room for rate reduction, cedents will certainly benefit from more options and flexibility in future renewals.
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- July 1 2026
Pricing is converging towards technical adequacy at 1.7, not overshooting it: Gallagher Re
Relatively late renewal saw market dynamics in Australia and New Zealand continuing to favour buyers with loss free cat layers recording up to 17.5% reduction, alongside improved commissions.
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- July 1 2026
Aviva’s Probitas Pacific names Jill Stewart as Australia head
Former Willis executive to join Lloyd’s Syndicate 1492 succeeding Max Broodryk, who is leaving to explore new opportunities.
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- July 1 2026
Australian ‘gatekeeper’ firms urged to review PI cover as sweeping regulatory changes come into effect
New money laundering and counterterrorism rules, which came into effect on Wednesday, will see strict penalties imposed.
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- June 30 2026
Cedents secure rate cuts, better terms, structural improvements at 1.7: Howden Re
Assertive buyers, abundant capacity, benign loss experience and consolidation contribute to 10-15% rate reductions on loss-free business.
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- June 30 2026
Corinne Biagioni joins Specialist Risk Group as partner, Australia head of construction
She was formerly with Gallagher for over six years, with her most recent role as team leader for civil and construction.
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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).
