Country: Australia Page 7 / 92
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- December 9 2024
Pricing, deductibles and wordings under pressure in Australian financial lines market
The integration of cyber with financial institutions products hold up the rates because there aren't many markets offering this solution, says IQUW’s Tristram Prior.
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- December 9 2024
Exclusive: APAC head Simon Weaver to leave WTW
Singapore-based Weaver has been in charge of the broker's corporate risk and broking business for Asia Pacific since January last year.
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- December 6 2024
IFRS 17 readiness and implementation “not fit for purpose” for some APAC players
There are “specific pockets” where problems with IFRS 17 are still manifest in the Asia market, including aspects of reporting.
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- December 5 2024
RAC Insurance engages Barrenjoey for strategic review: report
The review aims to identify growth opportunities and enhance competitiveness in a changing market. This includes potential expansions into areas such as driverless cars and smart home technologies.
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- December 5 2024
Australia braces for above-average rainfall in December: BOM
The impact of the storms could be catastrophic, with the risk of fallen power lines, flash flooding, damaging winds and falling trees, says Bureau of Meteorology.
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- December 4 2024
Despite challenges, Asia Pacific non-life insurers to benefit from rate hikes, costs control: Fitch
The rating agency has assigned a neutral outlook for the Asia Pacific insurance sector.
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- December 4 2024
ARPC hires Guy Carpenter’s Daniel Clune as head of technical claims
In his new role, Clune will oversee technical claims and enhance ARPC's approach to complex claims management.
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- December 3 2024
Gallagher Australia acquires transport specialist Hann Insurance Brokers
The New South Wales based broker's MD Rhett Hann and his team will join the global broking group's Newcastle office.
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- December 2 2024
Allianz Australia acquires RAA’s general business for US$415m
Allianz will underwrite the carrier's general insurance policies excluding travel and manage product, pricing and claims while RAA will handle marketing and distribution and continue offering products and services under its brand.
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- December 2 2024
Agile continues ANZ buildout with Jamie Connor promotion
Connor's promotion to head of aviation for Australia and New Zealand aligns with the MGA's strategy to strengthen its position in the region since entering the NZ market in August.
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- December 2 2024
PSC’s David Hosking to succeed Michael Tuffy as Australia’s Ivory Insurance CEO
Tuffy has resigned to pursue additional board roles but will stay involved in an advisory capacity in the immediate term to ensure a smooth transition.
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- December 2 2024
Thermal runaway, manufacturing defects the most overlooked risks for lithium-ion batteries: QBE
Businesses should work with relevant stakeholders to mitigate disruption risks through robust supply chain management and compliance strategies, the carrier said in the latest report.
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- November 28 2024
Australian carriers call for fee transparency, better land use planning to address strata affordability
The Insurance Council of Australia has made 17 recommendations in a policy paper released to help improve outcomes for consumers in strata complexes.
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- November 28 2024
IAG to acquire RACQ insurance business for US$555m
The Australian insurer will enter a 25-year exclusive strategic alliance to provide the mutual's general insurance products and services for the members and Queenslanders.
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- November 26 2024
QBE Insurance promotes Jamie Kelly to group chief compliance officer
Sydney-based Kelly, who was previously interim executive/group head of risk culture and conduct, will lead the carrier's global compliance function, reporting to group chief risk officer Fiona Larnach.
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- November 22 2024
Australian doctors’ mutual MDA National appoints Tim Plant as chief executive
Sydney-based Plant previously held senior executive roles at organisations including Elders, QBE, icare, Zurich, and, most recently, IAG.
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- November 20 2024
Australia’s proposed reforms would boost insurers’ credit profiles: Fitch
The proposed reforms which include insurers buying all-perils reinsurance coverage and lowering reinstatement requirements, effective June 2026, would encourage carriers to explore alternative reinsurance arrangements such as cat bonds, the rating agency said.
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- November 20 2024
CFC expands transaction liability team with appointment of Janine Fenwick
Melbourne-based Fenwick will provide strategic leadership to the onshore transaction liability team that the carrier has established since its acquired Solution Underwriting in April and drive the development of CFC’s transaction liability business throughout Asia Pacific.
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- November 19 2024
Agile launches Lloyd’s-backed property offering in Australia
The MGA has hired Ellie Chen as property underwriter and will offer US$6.5 million coverage for industries like agriculture, retail, and healthcare.
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- November 18 2024
Allianz Commercial appoints Ben Church as head of broker distribution for Australia
The appointment comes after Sydney-based Church had assumed this role in an acting capacity six months ago.
