Country: Australia Page 68 / 78
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- August 8 2019
IAG’s profits hit by nat cats but bolstered by Asia sales
Insurance Australia Group exceeded its annual nat cat allowance but booked a profit of US$135.6m from selling Thailand and Indonesia arms.
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- August 8 2019
Allianz drops consumer credit lines in Australia
Following intense regulatory scrutiny the German giant has decided to exit the market.
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- August 7 2019
New South Wales flood study could reduce premiums: ICA
The Insurance Council of Australia sees value in a detailed study of over 21,000 land parcels.
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- August 6 2019
Australian broker Coverforce goes to court over bid
Management, which owns 51%, upset after rival broker AUB announces US$100m plus acquisition.
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- August 5 2019
60% of Townsville flooding claims closed: ICA
The Insurance Council of Australia hails market progress since the unprecedented flooding disaster.
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- August 2 2019
Willis Towers Watson snaps up Australian M&A broker
The global broker has bought Risk Capital Advisors which has offices in Australia, South Africa, the UK and Hong Kong.
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- July 31 2019
ICA disappointed by Northern Australia Insurance Inquiry
Competition inquiry into northern Australia ignores fundamental issues claims the Insurance Council of Australia.
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- July 29 2019
Creating a US$1bn Australian and UK broking force
PSC Insurance Group is on the acquisition trail with premiums soon to exceed US$1bn.
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- July 29 2019
Suncorp to phase out coal underwriting
The Ossie major has set a deadline of 2025.
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- July 26 2019
Australia’s PSC buys Lloyd’s broker for US$52m
The Melbourne broker has expanded its premium income beyond US$1bn with the Paragon purchase.
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- July 25 2019
UK insurtech funding firm to open in Sydney
Insurtech Gateway is hoping to invest and help grow insurtech firms in Australia.
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- July 22 2019
QBE reveals US$60m UK hit
The change to personal injury discount rate has hit insurers again in the UK.
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- July 18 2019
APRA to create insurance division after scathing review
The decision by the Australian Prudential Regulation Authority follows a capability review
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- July 17 2019
IAG invests in vehicle subscription service Carbar
The insurer is looking to diversify to understand other markets.
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- July 16 2019
AMP’s life sale to Resolution is “highly unlikely”
Regulatory concerns in New Zealand have been cited by the potential buyer.
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- July 10 2019
Axa XL finalises regional leadership team
The global firm has named a familiar looking senior line-up for Asia-Pacific.
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- July 10 2019
PSC agrees Victoria broker deal
Melbourne-headquartered PSC Insurance Brokers is expanding with a US$30m purchase.
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- July 9 2019
Canopius Australia & Pacific hires four
The Lloyd's insurer, led by Claudio Saita in Australia & Pacific, is on a recruitment drive.
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- July 8 2019
Arag and HDI unite in legal expenses Australia push
The move means Arag has operations in 18 countries across five continents.
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- July 5 2019
Couple convicted of defrauding Dual in Australia
The judge found the couple defrauded MGA Dual out of around US$12m.
