Country: Australia Page 39 / 73
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- November 19 2021
ASIC sues MLC Life over policy, service failures
The Nippon Life-owned insurer is accused of causing financial harm of nearly US$13m to over 260,000 customers.
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- November 17 2021
US$22bn needed to protect coastal communities: ICA
The figure accounts for around 1.2% of all annual infrastructure spending by local, state and federal governments.
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- November 12 2021
HDI Global Specialty focuses on growth after Hannover Re deal
The specialty player has seen premiums grow from around US$1.1bn to US$2.9bn since 2018.
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- November 9 2021
McLardy McShane takes 30% stake in Perth’s Apollo Risk
The fast-growing Australian broking group recently closed a deal to also purchase Sydney Insurance Brokers.
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- November 9 2021
IAG, Suncorp recalibrate cat claims after October hailstorms
Hannover Re's Australia head Michael Eberhardt tells IAN the revisions have come "very early" in the year.
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- November 4 2021
AMP’s US$391m Resolution Life Australasia stake sale sees life exit
The deal represents a continuing movement away from insurance by Australia's banks.
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- November 2 2021
IAG raises FY 2022 nat cat claims estimate to near US$750m
The Australian insurer says its claims experience has been 'seasonally unexpected' amid recent severe storm and hail activity.
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- November 2 2021
Honan acquires boutique broker Modern Risk Solutions
The specialist firm services the emerging tech and life science spaces.
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- November 2 2021
Cover fine print key for Asia’s eager travelers
Travel insurance will need to be a far more nuanced offering post-pandemic.
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- October 29 2021
ICA declares catastrophe as South Australia hit by severe storms
Over 12,000 claims have already been filed with the number expected to rise and "substantial" crop losses expected.
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- October 29 2021
IAG faces up to ‘historical failures’ despite pushback on bonuses
A shareholder revolt greeted the insurer's executive compensation plans after posting a US$313m loss.
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- October 28 2021
Parima 2021: Institutional capital an alternative to traditional capacity
Aon's new Asia CEO cites ability of pension funds and sovereign wealth funds to provide the market with different options.
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- October 27 2021
Suncorp sees up to US$370m nat cat claims in four months
The P&C player's full year natural hazard allowance is A$980m.
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- October 22 2021
McLardy McShane seals deal for Sydney Insurance Brokers
The purchase creates a new entity — McLardy McShane Dimou — with Dora Dimou joining from a local rival.
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- October 21 2021
Australia’s Covid BI appeals set for November
Policyholders have filed appeals on five of the 10 test matters before a federal court.
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- October 21 2021
New South Wales hailstorm triggers 2,000 claims: ICA
Losses are expected to run into the tens of millions of dollars.
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- October 15 2021
IAG brought to Federal Court by ASIC over discounts
Regulator alleges a subsidiary engaged in misleading conduct over discounts for personal policies involving around A$60m.
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- October 15 2021
Asia’s combined September economic losses exceed US$30bn: Aon
The region was hit by a series of powerful storms and two earthquakes.
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- October 14 2021
Fusion appoints Gallagher exec as a managing partner
Katherine Simmonds joins the specialist MGA in Sydney.
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- October 14 2021
Australia’s P&C players told to up their risk game
APRA's deputy chair Helen Rowell describes BI issue as a “significant mis-step” by the country’s general insurers.
