Country: Australia Page 7 / 78
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- April 12 2024
Sure raises Northern Queensland residential strata cover to AU$20m to improve access
The move is expected to allow body corporates and lot owners who have been challenged by affordability or under-insuring their complexes to access "alternative strata premium offerings", the insurer said.
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- April 12 2024
Everest appoints Sophie Servera from Vero as senior property underwriter
After a 17-year career with Vero, Sydney-based Servera has started her new role at Everest in April.
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- April 11 2024
Stability the goal as D&O market emerges from years of pricing volatility
While the directors & officers market in Asia Pacific remains as diverse as the markets in the region itself, there is a clear demand for certainty around pricing.
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- April 11 2024
Australia’s summer insured cat losses top US$1bn: ICA
The cost of the Christmas Storms has now exceeded US$730m from 95,000 claims; and the total losses for the season is expected to further rise with last weekend's storm in New South Wales.
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- April 10 2024
NSW ‘black nor’easter’ storms declared significant event as claims top 11,500: ICA
Suncorp, which received 2,700 claims, and IAG, with 3,100 claims, have said that almost 80% of the losses are coming from property damage.
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- April 10 2024
Australian insurtech Honey raises US$71.5m in a series A funding
The investment for the specialist home insurance startup backed by RACQ was led by the US private firm Gallatin Point Capital.
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- April 9 2024
Ansvar Insurance Australia hires Peter Bailey from AIG as chief underwriting officer
Bailey has joined Ansvar Insurance after a 10-year stint at AIG where he was most recently its head of portfolio solutions.
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- April 8 2024
Aon’s Dan Chapman rejoins Lockton Australia as director for trade credit, surety and political risk
As one of the founding members of Lockton Australia in 2012, Chapman will work closely with Liam Berry, head of surety, trade credit & political risk at the broker.
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- April 8 2024
Arch Insurance Australia promotes Louise Lumley to underwriting manager
Sydney-based Lumley will focus on growing Arch’s directors and officers insurance, and management liability insurance business in the Australian market.
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- April 8 2024
Eastern Australia hunkers down as threat of ‘blue sky flood’ continues
After the wild weather slammed the country’s south-eastern states, the New South Wales government has declared an emergency even as skies cleared up and Queensland continues to on alert as the rain event hasn't yet let up.
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- April 5 2024
IAG forks out US$24m in compensation for underpaid staff
IAG, which self-reported non-compliance issues to the regulator in December 2020, also signed an enforceable undertaking with the Fair Work Ombudsman.
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- April 5 2024
Analytics: Australian GI brokers see 22% growth in 2023
The GWP placed by the country's brokers with Lloyd’s underwriters in 2023 more than doubled to US$5.75bn, APRA data for last year shows.
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- April 4 2024
Australia’s east coast prepares for floods as major rain event sets in
The BOM has issued flood watches for Queensland and New South Wales, with rainfall of up to 200mm likely by the weekend.
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- April 4 2024
Suncorp exits New Zealand life arm for US$244m to focus on P&C business
Resolution Life will acquire the Australian insurer-owned Asteron Life and the deal is expected to be completed in nine months.
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- April 4 2024
Australian local government association calls for doubling US$130m disaster fund
Over 300 applications seeking AU$460 million in mitigation projects were submitted in 2023, indicating the federal government's AU$200 million funding is "vastly insufficient", the association said.
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- April 3 2024
Second loss estimate for the Australia Christmas storms hits US$1 billion: Perils
The second loss estimate is AU$152 million higher than the initial loss estimate released on February 14.
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- April 2 2024
Markel launches PI cover in Australia with localised wordings
The carrier will write professional indemnity policies for Australian-domiciled businesses across six sectors including construction, accounting, insurance and media.
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- April 2 2024
IAG appoints Robert Cutler as group general counsel
Cutler joins from Clayton Utz, where he was its chief executive partner, and replaces Karen Ingram who has been the interim GC following Peter Horton's departure in December last year.
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- March 25 2024
Guy Carpenter appoints new Pacific CEO in regional leadership shake-up
The reinsurance broker has hired Ben Savill as Pacific chief executive and promoted Jeff Saper and Luc Morement as APAC head of fac and regional sales leader, respectively.
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- March 25 2024
Newline grows Australia footprint with Sydney office
The Lloyd's (re)insurer has appointed Nicholas Beswick in Sydney as head of professional indemnity for Australia and New Zealand.
