Country: Australia Page 5 / 78
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- May 16 2024
Australian broker Bellrock takes BHSI claims specialist
Sydney-based Joseph Hershewe has been appointed as head of claims by the specialist broker.
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- May 16 2024
UN climate alliance’s second try takes consultative, multi-industry approach
The newly formed Forum for Insurance Transformation comprises (re)insurers, brokers, law firms, regulators, scientists and climate experts to drive net-zero transformation.
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- May 15 2024
ICA says additional US$92m funding for Australia disaster resilience falls short of needs
The (re)insurance industry body has welcomed the Australian government's additional disaster support funding outlined in the 2024-25 federal budget.
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- May 14 2024
Everest Australia launches with Sydney and Melbourne offices
The team, led by Christian Colombera, will write property, casualty, financial lines, professional lines, and energy and construction risks.
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- May 13 2024
Crawford appoints Matt Donnelly as head of Australia’s global technical services
The global loss adjuster has promoted the industry veteran from global technical services manager for Victoria and Tasmania.
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- May 13 2024
Everest gets insurance licence in Australia
The Australian Prudential Regulation Authority's licence allows the carrier to write new and renewal business from the country.
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- May 13 2024
QBE forecasts 93.5% group COR for FY2024
The Australian carrier reported a group-wide renewal rate increase of 7.3% in the first quarter this year, while its net cat cost was US$200m for the first four months
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- May 13 2024
New South Wales pushes insurance monitor bill to lower premiums for consumers
The state government is seeking to ensure that the goals of emergency services levy reform, including lower premium and punishing price exploitation, are met through new rules and amendment.
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- May 10 2024
RACQ appoints Bank of America for potential sale: report
Plan to divest insurance arm that includes car, home, pet and caravan insurance products is gaining traction, according to a local media report.
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- May 10 2024
US carbon credit carrier Oka expands to Australia through partnership with Clima
The partnership will be brokered by PSC Paragon and will support clients' efforts to meet net zero targets and enter voluntary carbon market through climate disclosure and decarbonisation.
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- May 9 2024
Arch Australia grows executive assurance team with senior underwriter hire
Melbourne-based Jessica Wehbeh has joined the carrier's management liability and D&O products team from AIG.
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- May 9 2024
Danielle Eliatamby becomes ANZ lead partner for Fusion Specialty
Sydney-based Eliatamby has been at the specialist MGA since 2022.
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- May 8 2024
Ardonagh to acquire Australian broker PSC Insurance for US$1.5bn
The broker will be merged into Ardonagh-owned Envest and its CEO Greg Mullins will oversee the combined operations for Australia and New Zealand.
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- May 7 2024
AUB lifts FY 2024 net profit guidance to top-end of earlier range
The Australian broker's second forecast upgrade this year is based on the assumption that the profit split for the first and second half would be in-line with the usual seasonality trend and renewal cycle.
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- May 7 2024
Arch Australia hires Michael Faulkner as distribution & engagement lead
Joining from Vero, Faulkner will be in charge of creating business development opportunities for all product lines in the newly created role.
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- May 6 2024
Crawford Australia elevates Stephen Stafford to head of forensic accounting
Brisbane-based Stafford takes over Graham Peters, who has now been made head of class actions.
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- May 6 2024
Australian cyclone pool’s aggregate building exposure exceeds US$1trn
Approximately 95% of the market in terms of premium has joined the ARPC as of December 31 with a total quarterly premium of US$156m.
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- May 3 2024
Allianz Australia-owned Club Marine names new CEO
The boat insurance specialist will be led Tim Wiles, who has been serving as the interim chief executive from November last year.
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- May 2 2024
Chubb elevates Christopher Thirlwall to Australia’s accident & health senior manager
A Chubb veteran for the past eight years, Thirlwall has been promoted to senior relationship manager in charge of leading key distribution strategies for the division.
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- May 2 2024
Australia’s FY 2023 nat cat insured losses at US$850m: ICA
Despite the year-end catastrophes, incurred claims in 2023 dropped 78% to AU$1.76bn, and claims recorded were 57% lower compared to 2022.
