Country: Australia Page 70 / 100
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- July 12 2021
Tropical Cyclone Seroja to cost insurers US$324m: Perils
The loss figure for the Australian market covers both property and motor hull lines of business.
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- July 12 2021
Australia’s second BI test case gets August 30 start date
The case pits Allianz, IAG, Chubb, Guild and Swiss Re against a variety of small businesses.
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- July 9 2021
Australia’s insurers retain more risk as rates rise
Despite steep rises on loss-affected lines, reinsurance wordings and conditions are largely unchanged.
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- July 8 2021
Axa XL appoints Gilles Fromageot as Asia regional manager
The specialty insurer has also promoted Catherine Carlyon to Australia country manger.
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- July 6 2021
Westpac sells NZ life arm to Fidelity Life for NZ$400m
The move follows the bank's recent sale of its Australian P&C unit to Allianz.
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- July 6 2021
GSA Insurance Brokers to acquire Mega Capital
GSA is buying the rival broker's offices in New South Wales and Victoria.
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- July 6 2021
BI claims saga to hit Australia’s insurers hard
The UK's highest court overturned a long-held global precedent in January.
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- July 5 2021
BMS hires Aon financial lines veteran in Australia
Andrew McKenzie has been leading Aon's financial services group in the northern region.
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- July 1 2021
Reforms target Australia’s ‘absurd’ D&O rates
Senate bill aims to curb class-actions as premiums for PLCs tripled in 2020.
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- June 29 2021
Chubb appoints new Philippines’ country president
Mari Rachelle Canta to replace Peter van Ratingen, who is set to lead consumer lines in Australia/NZ.
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- June 28 2021
RACQ CEO calls for national reinsurance pool
The Treasury has been seeking comment on plans to cover cyclone-risk in northern Australia.
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- June 25 2021
Australia’s High Court rejects ICA’s BI appeal
Insurers face billions in claims but a second test case is already underway.
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- June 24 2021
AUB-backed SPG secures specialty broker acquisition
The Western Australia firm provides cover including cyber, D&O, liability and PI.
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- June 23 2021
Australian broker RIB merges with N Queensland’s JVIB
The Australian broking market has seen intense M&A activity of late.
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- June 22 2021
Howden appoints former Marsh trio in Australia
Matt Bacon, Stuart McKellar and Nick Chubb have all taken on key roles in Sydney.
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- June 22 2021
Victoria flood claims surpass A$160m
The Insurance Council of Australia has told IAN over 17,800 claims have been lodged so far.
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- June 21 2021
Hollard snaps up CBA’s P&C arm for A$625m
South Africa's largest privately owned insurer fought off rivals such as Allianz and IAG.
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- June 18 2021
Australian disrupter Honey Insurance raises A$15.5m
The online home insurance underwriting agency is backed by the mutual motor insurer RACQ.
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- June 17 2021
Axa’s €300m BI offer won’t fly down under
Australia is by far the most amenable jurisdiction to class actions in Asia.
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- June 15 2021
Victoria flood losses to rise as ICA reveals over 10,500 claims
Suncorp and IAG breach nat cat allowances as Insurance Council of Australia declares catastrophe.
