Country: Australia Page 40 / 93
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- April 21 2023
Opinion: Ransomware payments down under – to ban or not to ban?
Insurers suggest an outright ban on ransoms and extortion demands in data breach incidents could be a blunt, ineffective policy instrument.
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- April 21 2023
QBE to maintain high-single digit growth in 2023 with a 93.5% COR target: Fitch
Fitch’s CreditSights has re-initiated coverage on QBE Group Insurance with a ‘market perform’ recommendation.
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- April 20 2023
Sedgwick appoints key leaders in forensic accounting team
Andrew Cardamis and Jillian Pancott have been promoted to partner and director respectively, and bring over a decade of client experience.
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- April 19 2023
ICA commissions external review of 2022 industry flood response
Deloitte will analyse insurers’ reactions to the February and March event and suggest practices to respond better to future extreme weather events.
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- April 19 2023
BMS snaps up Perth broker Western United Financial Services
WUFS is a specialist in hospitality and transport and its managing director Brett Waterman will lead BMS’s Western Australia business.
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- April 19 2023
HDI Global Australia appoints state manager for southern region
Stephen Jones joins the carrier from Marsh, where he was managing director for affinity in the Pacific region.
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- April 18 2023
Allianz Trade expands Asia excess of loss business
The global trade credit insurer will add new headcount in Singapore, Hong Kong, Australia, Japan and Malaysia.
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- April 18 2023
ACCC extends Suncorp bank sale review period
Acquirer ANZ has agreed to an extension of the regulatory assessment period from June 12 to July 28.
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- April 17 2023
Canopius continues Australia build out with marine underwriter hire
The (re)insurer has appointed David Hoffman in its Sydney office to oversee its local marine offering.
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- April 13 2023
ARPC declares cyclone event as Ilsa upgraded to category 5
The strongest tropical cyclone in the region in a decade is likely to hit Port Hedland, which is one of the largest iron ore ports in the world.
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- April 11 2023
Enstar completes US$1.9bn LPT deal with QBE Insurance
The transaction covers a diversified portfolio of business, covering International and North America financial lines, European and North American reinsurance portfolios, and several US discontinued programs.
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- April 5 2023
Allianz Commercial elevates Phuong Ly to Australia chief general manager
Sydney-based Ly will lead the newly integrated division for the country serving both mid-sized and large businesses.
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- April 5 2023
Australian antitrust regulator questions benefits of Suncorp’s bank divestment
The company said the bank sale to ANZ will allow it to "improve its processes as well as enhances the capacity to attract capital" to support its insurance business.
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- April 3 2023
AUB and PSC postpone Tysers UK retail JV launch to May 1
The Australian brokers told the stock exchange that the start date has been delayed by a month as the deal finalisation continues.
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- March 31 2023
Hollard Insurance’s underwriting to benefit from lower expenses and rate hikes: AM Best
The rating agency has affirmed an insurer rating of A- (excellent) with a stable outlook for the company.
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- March 30 2023
Medibank served another lawsuit for cyber security lapse
Law firm Quinn Emanuel Urquhart & Sullivan has initiated a class-action lawsuit for breach of disclosure obligations.
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- March 29 2023
Australian brokers placed US$12.4bn premium in second half of 2022: APRA
The figure was a 7.6% increase over the same period in 2021 and included US$1.6bn with Lloyd's.
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- March 28 2023
NSW’s new government urged to bin premium levy
Dropping the emergency service levy, which adds an 18% surcharge to home insurance and 40% to business premiums in the state, will lower insurance costs.
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- March 24 2023
Tower taps APRA for new chief risk officer
Sharyn Reichstein, who was a general manager at the Australian regulator, will join the Kiwi carrier in July.
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- March 23 2023
GCube bets on Australia’s green transition
The Tokio Marine-backed MGA’s chief executive Fraser McLachlan discusses Australia expansion and Asia Pacific strategy.
