Country: Australia Page 40 / 73
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- October 11 2021
IAG, Suncorp review BI provisions after court win
The insurers have already set aside hundreds of millions of dollars to cover potential claims.
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- October 8 2021
Insurers win landmark Australia BI Covid case
The closely watched trial examined issues such as disease definition, outbreak proximity and the impact of government lockdowns.
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- October 7 2021
HDI boosts professional lines with two senior underwriters
Alexandra Fox-Slater and Luke Southwell join the specialty player from Chubb and Zurich, respectively.
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- October 7 2021
Victoria earthquake claims rise to A$147m: ICA
9,850 claims have been lodged to date with insurers so far.
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- October 7 2021
Australia’s nat cat costs on upward trajectory
Natural disasters cost Australia around A$38bn per year but this figure is set to rise significantly.
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- October 4 2021
Charles Taylor appoints four managers in Australia
Glyn Lloyd, Gary Pahl, Gary Wilmot and Debra Kerr have all joined the loss adjuster down under.
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- September 30 2021
Australia’s insurers ready for ‘sweeping changes’, ICA says
A plethora of wide-ranging reforms come online on October 1 following the Royal Commission's 2019 report.
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- September 29 2021
Cover Genius: Sompo Asia leads US$72m Series C round
The Sydney-headquartered insurtech says GWP has tripled over the last six months.
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- September 27 2021
NSW, Queensland floods loss estimate further revised downward
An initial A$1.06 billion hit has been lowered to A$751m.
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- September 24 2021
APRA flags insurance capital framework as key priority
The regulator has pushed policy initiatives such as new offshore reinsurance rules to 2022.
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- September 23 2021
Aon appoints new Australia CEO
Head of specialties Jenifer Richards is replacing James Baum on October 1.
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- September 21 2021
ICA eyes cost of SME commercial lines
Outgoing National Insurance Brokers Association head Dallas Booth will lead a new advisory council.
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- September 20 2021
Australia’s brokers to continue MGA expansion
Steadfast, Howden and the AUB Group have been increasing their presence but face more regulatory scrutiny.
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- September 20 2021
Zurich mulls GI asset sale in Australia – report
Bloomberg says the disposal could raise a "few hundred million dollars" for the Swiss insurer.
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- September 14 2021
BMS appoints senior financial lines duo in Australia
Guy Van Dugteren and Andrew McKenzie have joined from Gallagher and Aon and are both based in Brisbane.
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- September 14 2021
Hannover Re eyes APAC growth, stable 2022 renewals
The reinsurer says it has achieved and -- in some instances -- outperformed its initial profit targets in the region.
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- September 9 2021
Australia’s insurers call for national approach on disaster recovery
ICA report says the removal of state taxes on insurance should boost coverage across the country.
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- September 2 2021
Australia’s Open raises US$23m amid overseas push
The Sydney-based insurtech plans to launch in New Zealand and the UK by mid-2022.
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- August 31 2021
Australia’s P&C market shows signs of recovery
General insurance market posts A$750m profit for June quarter as opposed to A$12m in the previous three months.
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- August 26 2021
Insurance M&A in APAC falls 51% in H1 2021: Clyde & Co
While deal activity is up recently, APAC regulators can demand substantial capital increments as part of any transaction.
