Country: Australia Page 30 / 89
-
- August 21 2023
Australian carriers paid out US$23bn in claims last year: ICA
In 2022, more than 300,000 disaster-related claims were lodged from four declared insurance events across the country, costing more than US$4.4bn in insured losses.
-
- August 18 2023
Axa XL’s Ewen McKay to head international financial lines for Australia
Sydney-based McCay was most recently product leader - management liability for the French carrier.
-
- August 18 2023
Tamara Gabriel joins Berkley Insurance Australia as senior underwriter
She has joined the specialty player's facilities team from Tokio Marine & Nichido Fire Insurance.
-
- August 18 2023
Sedgwick Australia consolidates engineering and construction under Andre Mataia
Mataia became the loss adjuster's head of construction for Australia in March.
-
- August 17 2023
Steadfast registers strong FY revenue, profit boost; eyes A$445m of M&A ‘opportunities’
The Australian group's broking arm saw 12.7% of organic growth as the division contributed A$891.6m of revenue, up 24.5% over FY 2022.
-
- August 17 2023
ASIC review pushes insurers to fix claims handling lapses
The regulatory review covering 218,000 claims lodged with six carriers, including Insurance Australia Group, QBE and Suncorp, saw shortcomings in communication, project management and resourcing.
-
- August 16 2023
Insurance Brands Australia appoints Scott Leis as chief executive
The Steadfast-owned broker also appointed Danielle Ritchie as chief operating officer and Rob Currenti as general manager for Insurance House.
-
- August 14 2023
Gallagher Australia acquires rural specialist Insurance Risk Solutions
The Darwin-based family business is the fourth acquisition by the global broker in Australia this year.
-
- August 11 2023
AUB upgrades FY profit guidance; Chris Drury to leave Tysers
AUB said that Tysers has been "performing ahead of expectations", while the broker has also confirmed the departure of Tysers' Singapore CEO.
-
- August 11 2023
Allianz records 15% P&C profit drop in APAC despite top line growth
The overall APAC COR including Australia deteriorated from 95.8% to 97.4%, as the group restructures in the region.
-
- August 11 2023
Munich Re saw ‘considerable’ price rises in Australia at July renewals
Prices across the Munich Re portfolio increased 5.1% at July 1, while overall P&C reinsurance H1 profits slipped 20.5%.
-
- August 10 2023
QBE posts H1 COR of 98.8% as cat costs bite
Investment result boosts insurer after storms in New Zealand, the US, Australia and Turkey earthquake cause US$164m H1 cat allowance miss.
-
- August 10 2023
Hannover Re increases APAC Covid reserves to US$629m
In the 1.6 and 1.7 renewals, the German reinsurer saw rate increases and improved terms in Australia, while it reduced shares on some proportional business in Asia.
-
- August 9 2023
PSC snaps up specialty MGA Ensurance for US$16.5m
The ASX-listed firm specialises in professional and financial lines with offices in Sydney, Melbourne, Adelaide and Perth.
-
- August 9 2023
Suncorp’s Australia COR improves to 91.3%, deteriorates to 97% in New Zealand
Suncorp misses FY 2023 cat allowance by A$97m after NZ division saw 53% increase in claims; ups allowance to A$1.36bn for FY 2024.
-
- August 8 2023
Australian loss adjuster ANA sells stake to vrs Vering
ANA Chartered Loss Adjusters will be rebranded as vrs ANA with managing director Jaye Kumar to oversee the newly established vrs Asia Pacific.
-
- August 2 2023
Crawford’s Jonathan Hubbard to replace Tim Jarman as Australia president
The senior technical adjuster is set to start the role on August 21, with Jarman retiring at the end of the year.
-
- August 2 2023
Chubb reshuffles senior Asia Pacific P&C leadership
Chris Gough is leading P&C lines in Asia and Hayden Baker has taken over Gough's role as head of P&C for Australia & New Zealand.
-
- August 1 2023
Asia saw ‘double-digit’ D&O price decreases in Q2 as cyber rose 8%: Marsh
Composite insurance pricing in the region was flat as hikes in property and cyber were offset by a decline in casualty and financial and professional lines rates.
-
- August 1 2023
Australia’s SGUA approved as Lloyd’s coverholder
A specialist in residential investment properties since 1991, SGUA will leverage the Lloyd’s market from August 1 onwards.
