Country: Australia Page 33 / 73
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- July 4 2022
Australia renewals much ‘tougher’ and ‘later’: Gallagher Re
The floods in NSW and Queensland contributed to price increases of up to 25%.
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- July 1 2022
Mixed reaction to Australia’s cyclone pool modelling data
There are potential premium savings of 38%, but up to 24% of Queensland homeowner policyholders could see rises.
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- June 29 2022
Australia’s Feb, March floods now third costliest nat cat: ICA
The floods in Queensland and New South Wales have caused over US$3.3bn of insured losses.
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- June 27 2022
Suncorp confirms ‘strategic’ review of banking operations
A sale or listing would let the company focus on insurance across Australia and New Zealand.
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- June 27 2022
Australia’s first data breach case puts pressure on cyber market
First conviction for breach of cyber security standards comes amid challenging market.
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- June 24 2022
Lockton Australia poaches NSW energy construction head from Aon
Alistair Williams started at the global broker in Sydney this month.
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- June 24 2022
Queensland’s RACQ confirms US$69m payout from Feb, March floods
Almost 5,000 home repairs have been completed or are underway.
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- June 23 2022
IAG’s NRMA Insurance hit by 30,000 claims from Feb, March floods
54% of Australians worried their property will be damaged by wild weather within 12 months.
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- June 22 2022
David Longley to oversee Arch’s Aussie PI underwriting team
He has over 25 years of market experience and was previously at Axa XL.
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- June 21 2022
ABICO Insurance Brokers acquires Ausure Macarthur
Jarrod O’Brien, owner of Ausure Macarthur, was looking to leave the market.
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- June 20 2022
ASIC eases claims burden for general insurers
Employees who provide claims-handling services will no longer have to register.
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- June 17 2022
APRA grants Australian Reinsurance Pool Corporation authorised reinsurer status
The new cyclone reinsurance pool is expected to start in July.
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- June 16 2022
BMS acquires Australia’s SRG Group
The broker's seventh deal in two years will add scale to its Aussie operations.
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- June 9 2022
Perils ups Australia east coast flooding loss to US$3.5bn
The increase is US$720m above its previous estimate for the Q1 nat cat in Queensland and NSW.
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- June 6 2022
Relm’s strategic pivot to Asia crypto
The firm's CEO explains how a new risk transfer mechanism will help its APAC aspirations.
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- June 3 2022
Axa XL’s Brooklyn Underwriting appoints new acting head
Scott Jerome replaces Tim Fairbrother, who has resigned.
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- June 3 2022
Australian floods: modellers struggle with ‘a single consistent view of risk’
Flood risk has become a major catastrophic burden for the Australian market, highlighting the importance of accurate modelling.
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- June 2 2022
Aussie flood estimates rise by 28%: ICA
Estimates of insured losses now top US$3 billion, with claims at 216,465.
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- May 27 2022
Australia’s general insurers saw US$303m loss at start of year
The devastating floods in February and March sparked an increase in claims.
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- May 26 2022
Chubb appoints new financial lines head in Australia
Financial lines and cyber are key areas of focus for the insurer.
