Country: Australia Page 44 / 89
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- October 21 2022
Australian general insurers well capitalised despite monster flood: APRA
The industry maintained a coverage ratio of 1.7x the minimum requirement, the regulator’s annual report showed.
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- October 20 2022
HDI Global Specialty makes Mark Fleiser Australia MD
Fleiser was most recently general manager and is based in Sydney.
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- October 19 2022
ICA escalates Australia floods to ‘insurance catastrophe’
Insurers have received 6,350 claims from across Victoria, New South Wales and Tasmania.
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- October 19 2022
Ongoing Australian floods unlikely to trigger reinsurance cover: S&P
Insurers will be largely able to finance the claims themselves, though there are more flood warnings as rain and thunderstorms spread to other states.
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- October 18 2022
Guy Carpenter reinforces Australia treaty broking with Hannover Re hire
Bo Jiang, who was a senior underwriter at the reinsurer, joins the broker in Sydney as senior vice president.
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- October 18 2022
APAC ‘tip of the spear’ for Howden Tiger
The reinsurance broker will place about US$500m GWP from the region this year.
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- October 17 2022
Latest Australian floods declared ‘significant event’ by ICA
Suncorp said it received about 1,000 claims in total, mostly from Victoria, and that it expects the numbers to increase in the coming days.
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- October 17 2022
Covid BI decision: IAG readies US$218m buy-back, Suncorp to release around US$112m
The two insurers are communicating with customers and brokers about outstanding claims after the High Court dismissed appeals on second test cases.
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- October 17 2022
Volante charts ambitious APAC play
The London-based specialty carrier is set for Lloyd's foray in Singapore, Australia, Japan and India as well as in the Middle East and Africa, IAN can reveal.
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- October 14 2022
Australian High Court dismisses Covid BI test case appeals
IAG's shares halted trading after the insurer sought time to consider the impact of the dismissal of its appeal.
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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.
