Country: Australia Page 42 / 78
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- February 22 2022
ICA warns disaster funding needs doubling
All Australian governments also need to collectively lift funding over the next five years.
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- February 22 2022
Australia court verdict brings clarity to BI claims saga
The ICA said it had been a "long but necessary process" that will provide guidance on how policy wordings are to be interpreted.
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- February 21 2022
Latest Australia Covid-19 BI court decision favours insurers
Justice Mark Moshinsky has largely upheld the original second test case decision in October.
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- February 18 2022
QBE’s profit surges despite 23% nat cat claims rise
Group profit increased to US$750m in FY2021, following significant losses in 2020.
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- February 17 2022
Specialty MGAs continue APAC expansion
Delta's Australia launch is latest indication that insurers are willing to back the model.
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- February 15 2022
Delta Insurance expands into Australia
The MGA is initially offering professional indemnity, cyber and commercial liability cover.
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- February 14 2022
MGA FloodFlash targets Japan, Australia after raising US$15m
Investors in the parametric insurtech include MS&AD Ventures and Munich Re Ventures.
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- February 14 2022
Zurich’s Asia P&C profits surge as conditions improve
Small commercial uptick and travel recovery in Australia and Japan helped 2021 profits hit US$235m.
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- February 10 2022
QBE joins UN’s Net-Zero Insurance Alliance
The insurer has agreed to transition its underwriting portfolio to net-zero by 2050.
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- February 9 2022
‘Strong’ APAC M&A book bolsters WTW
CEO Carl Hess unveiled a 10% rise in international broking revenue in FY 2021.
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- February 9 2022
Aussie climate tech firm FloodMapp raises US$6m
The funding round for the cat modeller was led by Union Square Ventures’ Climate Fund.
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- February 8 2022
Suncorp’s profit dips as H1 nat cat claims soar
Insurance arm in Australia saw profits fall by more than half to US$81.3m.
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- February 8 2022
Tackling Australia’s affordability crisis won’t be easy
Government signs off reinsurance pool design days after prudential regulator lists 2022 priorities.
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- February 4 2022
QBE Australia Pacific appoints chief underwriting officer
Andrew Ziolkowski was most recently at New South Wales' icare.
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- February 1 2022
New Aussie reporting rules may challenge cyber insurance
Insurers will have to split out their cyber data as part of IFRS 17 reforms – but this may not be so easy.
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- January 31 2022
io.insure start-up launches online M&A insurance marketplace
The Australian insurtech is promising 24-hour turnaround for deals valued less than US$100m.
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- January 27 2022
Suncorp and Chubb linked to Zurich’s Australia GI division: report
It is understood the two potential buyers have reached the final stage of an auction.
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- January 19 2022
IAG hires Suncorp veteran for underwriting role
Darren O'Connell is joining the Intermediated Insurance Australia division.
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- January 18 2022
Powerful Queensland hailstorm triggers commercial claims
The storm damaged a council building, an aquatic center and an art gallery in Toowomba.
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- January 17 2022
Credit Suisse files claims with US$1.17bn exposure related to Greensill
The five claims are revealed as the bank tries to recoup more money after the supply chain financier's collapse.
