Country: Australia Page 43 / 87
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- October 13 2022
Nib to raise US$94m for acquisition war chest
The Australian health insurer acquired Maple Plan as part of its disability scheme expansion strategy.
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- October 12 2022
Australia bracing for major flooding in Victoria and Tasmania
There are also severe weather alerts for large parts of south-east Australia.
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- October 11 2022
Gallagher continues Australian consolidation with McCluskey buy
This is the fourth acquisition in the country by the global broker in five months.
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- October 11 2022
Australian weather bureau forecasts summer of ‘above-average’ cyclones
There is a more than 70% chance of 11 or more tropical cyclones during the severe weather season, which this year witnessed one of the costliest nat cat events.
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- October 10 2022
Updated: icare turnaround continues as legacy deal put on ‘hold’
The state-owned insurer, which has been under pressure to reorganise, has announced a new claims model with an expanded panel of service providers.
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- October 10 2022
Hollard’s Australian arm constrained by Commonwealth Insurance buy
AM Best said the combined entity is expected to see growth in underwriting risks.
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- October 6 2022
Lloyd’s system reset affects APAC operations
All external connectivity was turned off, including delegated authority platforms, after unusual activity on its network was detected.
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- October 4 2022
Eastern Australia braces for floods with severe weather warning
Rains are likely to lead to renewed river level rises across many flooded rivers in New South Wales, Victoria and southern Queensland.
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- October 3 2022
Australian cyclone pool revises down premium by 10% to US$500m
The Australian Resource Pool Corporation's revised estimates will bring savings to consumers as they renew their insurance.
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- September 30 2022
AUB wraps up Tysers acquisition
Tysers Bermuda buy deferred till regulatory approval.
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- September 30 2022
Swiss Re’s Trent Thomson steps up as head of Australia, New Zealand
The 18-year company veteran will start in his new role on November 1.
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- September 29 2022
Axa XL charges up APAC, Europe energy team with Scor hire
Olivier Croese will join the Paris office as product leader for energy and construction.
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- September 29 2022
QBE sells Irish casualty commercial renewal rights to Ascot
Ascot will offer renewal terms on the portfolios and the existing back book policies will remain with the Australian insurer.
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- September 29 2022
Opinion: Australia’s natural disaster fund far from ‘ready’
The US$135m federal government funding should be matched and cross-country coordination improved, as the ICA demands.
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- September 29 2022
Optus cyber loss expected to breach US$1bn
Australian cyber carriers brace for a major hit with potentially multiple insurance payouts as law firms prepare class action suits.
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- September 27 2022
Arch Australia lands Allianz’s Daniel Khalil as senior underwriter
The Sydney-based property specialist will be responsible for expanding the insurer's distribution network and diversifying the product portfolio.
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- September 26 2022
WTW eyes Australia trade credit market with senior hire
Sydney-based Alistair Hewson, who will lead the team, has previously worked at Allianz Trade and Atradius.
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- September 22 2022
Australia’s H1 GI intermediated GWP grew 18% to US$11bn: APRA
US$1.2bn was placed with Lloyd's underwriters, up 10% over the same period last year.
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- September 14 2022
Lloyd’s crypto coverholder Evertas enters Hong Kong and Australia
The Chicago-based company uses capacity from Arch Insurance to offer cover against theft or loss of blockchain assets.
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- September 14 2022
Rising cat claims force APAC governments to partner reinsurers: S&P
Government-backed cat pools and widening agri cover are seen as ways to maintain affordability.
