Country: Australia Page 51 / 73
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- September 23 2020
Covid-19 to sustain “adverse” market effects
There will be ongoing pressure on premiums and claims according to consultant Taylor Fry.
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- September 22 2020
Leaders at Australia’s giants face multiple challenges
IAG, QBE and Suncorp are grappling with reduced profits, nat cats, Covid-19 and a recession.
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- September 21 2020
IAG appoints successor to Peter Harmer
The outgoing chief executive is set to leave on November 1.
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- September 17 2020
“Complex” CBA and Westpac P&C sales to kick off: report
Macquarie believes multiple relationships between the banks and insurers could put buyers off.
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- September 17 2020
Australia’s terrorism pool focuses on retrocession, modelling
The Australian Reinsurance Pool Corporation has released a new four year strategy for the US$10bn scheme.
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- September 15 2020
Suncorp informs around 550 staff of job cuts
The brunt of the losses are expected to be in the banking arm.
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- September 8 2020
Up to 10% of roles under threat in Suncorp restructure: report
The Aussie financial services firm employs 13,500 staff.
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- September 4 2020
QBE strives for stability after Regan’s sudden departure
The CEO’s exit comes after three years of steady progress, but at a difficult time for the group.
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- September 3 2020
Fusion and AGCS ramp up Asian M&A capacity with HK MGA
The firm will focus on specialist W&I to help address a regional boom in deal activity.
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- September 3 2020
AIG appoints senior trio in Australia
Dan Collinson, Gabrielle Nisbet and Ameilia Douglas all handed new roles.
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- September 1 2020
QBE CEO Regan leaves after conduct investigation
Chairman Mike Wilkins to oversee day-to-day operations amid search for a successor.
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- September 1 2020
Australia Bushfire Commission: “Tough reality ahead” for market
More extreme summers and large losses are in store for (re)insurers.
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- August 27 2020
Australia’s P&C profits tumble as nat cat bill hits US$2.8bn
Market deals with double whammy of extreme weather and large falls in investment income.
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- August 26 2020
Steadfast projects solid ‘underlying’ profit growth for next FY
The broking group posted an after tax loss due to acquisition and impairment costs for FY 2020.
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- August 25 2020
PSC brushes off Covid-19 with strong FY result
Acquisitions and a hardening market have boosted the expansive Melbourne broker.
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- August 21 2020
Suncorp focuses on transformation as FY cash profit drops 33%
Group CEO Steve Johnston recognises the need to speed up change.
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- August 21 2020
Axa XL “remains committed” to Australian financial lines
The pullback from D&O will only apply to the London market.
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- August 20 2020
QBE prices US$363m of subordinated notes
The notes will be eligible for Tier 2 capital and mature in 2036.
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- August 19 2020
Steadfast confirms majority purchase of GSA Insurance Brokers
Chief executive Robert Kelly is bullish on Australia's broking prospects.
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- August 18 2020
Review of Australia’s cyclone reinsurance pool nears completion
The scheme could help reduce premium prices and increase coverage.
