Country: Australia Page 49 / 89
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- June 24 2022
Queensland’s RACQ confirms US$69m payout from Feb, March floods
Almost 5,000 home repairs have been completed or are underway.
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- June 23 2022
IAG’s NRMA Insurance hit by 30,000 claims from Feb, March floods
54% of Australians worried their property will be damaged by wild weather within 12 months.
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- June 22 2022
David Longley to oversee Arch’s Aussie PI underwriting team
He has over 25 years of market experience and was previously at Axa XL.
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- June 21 2022
ABICO Insurance Brokers acquires Ausure Macarthur
Jarrod O’Brien, owner of Ausure Macarthur, was looking to leave the market.
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- June 20 2022
ASIC eases claims burden for general insurers
Employees who provide claims-handling services will no longer have to register.
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- June 17 2022
APRA grants Australian Reinsurance Pool Corporation authorised reinsurer status
The new cyclone reinsurance pool is expected to start in July.
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- June 16 2022
BMS acquires Australia’s SRG Group
The broker's seventh deal in two years will add scale to its Aussie operations.
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- June 9 2022
Perils ups Australia east coast flooding loss to US$3.5bn
The increase is US$720m above its previous estimate for the Q1 nat cat in Queensland and NSW.
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- June 6 2022
Relm’s strategic pivot to Asia crypto
The firm's CEO explains how a new risk transfer mechanism will help its APAC aspirations.
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- June 3 2022
Axa XL’s Brooklyn Underwriting appoints new acting head
Scott Jerome replaces Tim Fairbrother, who has resigned.
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- June 3 2022
Australian floods: modellers struggle with ‘a single consistent view of risk’
Flood risk has become a major catastrophic burden for the Australian market, highlighting the importance of accurate modelling.
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- June 2 2022
Aussie flood estimates rise by 28%: ICA
Estimates of insured losses now top US$3 billion, with claims at 216,465.
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- May 27 2022
Australia’s general insurers saw US$303m loss at start of year
The devastating floods in February and March sparked an increase in claims.
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- May 26 2022
Chubb appoints new financial lines head in Australia
Financial lines and cyber are key areas of focus for the insurer.
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- May 23 2022
ICA welcomes new Australian government
Labour Party has pledged to provide A$200 million a year for a Disaster Ready Fund.
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- May 19 2022
Chubb appoints Australia, New Zealand head of distribution
The head of major accounts is starting the role on July 1.
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- May 16 2022
Queensland launches resilience scheme as more floods arrive
The US$500m Resilient Homes Flood is the largest such programme to be launched in Australia.
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- May 13 2022
Reinsurance pool to fall ‘short of expectations’: Aussie coverholder
Redicova, a provider of parametric wind insurance, predicts a 10% reduction in premiums.
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- May 13 2022
Allianz Australia takes 20.8% COR nat cat hit
Combined ratio hits 106.6% after February and March flooding drives €150m loss.
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- May 12 2022
HDI Global Specialty names head of aviation for Australia, NZ
Dylan Jones has been promoted from his role as a senior underwriter.
