Country: Australia Page 56 / 93
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- March 10 2022
IAG ups FY nat cat estimate to US$800m
The group has received 24,000 recent flood claims and says that it has 'all hands on deck'.
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- March 9 2022
Lockton (re)insurance arm targets Australia, NZ with former Willis Re execs
John Philipsz, Russell Hails and Max Garratt have joined the broker's advisory team in Sydney.
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- March 9 2022
Flood claims estimate tops US$1bn: ICA
The ICA is working with authorities to expedite visas for recovery personnel deployed overseas.
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- March 8 2022
MGA Fusion bolsters M&A with Singapore, Sydney and HK hires
Danielle Eliatamby, Lillian Chau and Sabrina Chia all have law firm backgrounds.
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- March 8 2022
Ensurance Australia signs professional risks deal with Liberty Specialty
The three year agreement for delegated underwriting authority runs from March 16.
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- March 7 2022
Insurers continue to count cost of Australia’s floods
Filed claims now at more than 86,700, according to March 7 data from the ICA.
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- March 7 2022
Covid-19 provisioning helps Hollard’s results: AM Best
Hollard’s purchase of CommInsure is expected to complete in the second half of 2022.
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- March 4 2022
IAG hit with fresh lawsuits over Greensill collapse
New lawsuits bring amount claimed to an estimated US$218m.
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- March 4 2022
Flood claims in Queensland, NSW above US$650m: ICA
Over 60,000 claims have already been filed as the emergency continues.
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- March 3 2022
Reinsurers on alert as Australia flood claims projected to top US$1.45bn
The Queensland and NSW floods could become one of the costliest nat cats in the country's history.
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- March 2 2022
Claims top 30,000 as Australia floods worsen
NSW premier described the extreme weather as a 'one-in-a-1,000' year event.
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- March 2 2022
Ukraine crisis may force further hardening of Aussie cyber
Heightened threat constrains underwriting appetite.
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- March 1 2022
Australian market counts cost of ‘unprecedented’ flooding
Parts of Queensland and NSW impacted, with Suncorp reporting US$54m of claims already.
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- February 28 2022
Gallagher Re taps Munich Re for Australia chief exec
Sydney-based Heather Bone will join the global broker on March 16.
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- February 25 2022
Austbrokers’ parent targets 19% growth
AUB has increased its profit goal and looks set to join the race for global scale.
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- February 24 2022
Delta Insurance re-engages with Asia
The MGA shelved its Asia plans when Covid-19 arrived - now they're back.
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- February 23 2022
Charles Taylor appoints new head of Australia and New Zealand
Mark Thompson will be tasked with growing the P&C business in the region.
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- February 22 2022
ICA warns disaster funding needs doubling
All Australian governments also need to collectively lift funding over the next five years.
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- February 22 2022
Australia court verdict brings clarity to BI claims saga
The ICA said it had been a "long but necessary process" that will provide guidance on how policy wordings are to be interpreted.
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- February 21 2022
Latest Australia Covid-19 BI court decision favours insurers
Justice Mark Moshinsky has largely upheld the original second test case decision in October.
