Country: Australia Page 74 / 87
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- December 10 2019
AUB’s planned acquisition of Coverforce falls apart
The broker was unable to access key documents to finalise a deal valued up to US$136m.
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- December 6 2019
Nat cats batter Australia’s underwriting profits
The market saw a 53.4% decline from the same period in 2018, and there are ongoing bushfires.
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- December 3 2019
Honan and MP Insurance Brokers launch Malaysia JV
The combination is aiming to upscale and upskill services.
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- December 3 2019
IAG won’t seek legal reimbursements from 2011 floods
Court rules Queensland government and dam operators negligent in flood management.
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- November 27 2019
IAG’s Phuong Ly to join QBE as chief underwriting officer
Ly is set to join the QBE team in February 2020.
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- November 27 2019
Munich Re promotes Nicolas Carro to Australasia L&H CEO
The reinsurer's Australasia CFO will take up the role in the new year.
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- November 25 2019
Australia releases aid as bushfire claims hit US$100m
A community recovery package includes grants for SMEs and farmers.
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- November 25 2019
ANZ and Westpac are latest bank majors to be hit with CCI lawsuits
Class action suits follow NAB’s settlement of US$33.7m over junk insurance policies.
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- November 21 2019
Catastrophic bushfires spread to south Australia
The severe bushfire season has intensified and summer hasn't even begun.
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- November 21 2019
IAG buys motor repair specialist
The Australian giant's move should help speed up claims.
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- November 19 2019
Australia’s PSC buys another Lloyd’s broker
The deal for Carroll Insurance Group follows the acquisition of Paragon International.
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- November 18 2019
Australia’s unprecedented bushfires
Insurers on the hook for over US$100m in a disaster worsened by climate change.
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- November 18 2019
7,500 claims lodged as huge hailstorm slams Queensland
A superstorm has left a trail of destruction and the market has seen US$40m of costs so far.
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- November 15 2019
Australia’s bushfires trigger US$54m of claims
An already-severe bushfire season will hit the nation's insurers hard.
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- November 12 2019
IAG to draw hefty bill from latest bushfires
Market claims could be well over US$100m, as Sydney faces "catastrophic" threat.
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- November 11 2019
Nigel Fitzgerald to take helm at AIG Australia
Former chief executive of Fairfax International Australasia to replace Noel Condon.
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- November 11 2019
ICA declares catastrophe for huge NSW bushfires
The blaze is spread across a staggering 1,000km on the mid-north coast.
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- November 8 2019
Australia’s Cover Genius secures US$10m funding
Its Series B round will be used to fuel expansion in Asia, the US and UK.
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- November 4 2019
Australia to face intensified cyclone risk: IAG
Rising temperatures will lead to more devastation in New South Wales and Queensland.
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- November 1 2019
Insurance Council of Australia appoints president from Suncorp
Gary Dransfield, chief executive of insurance at Suncorp, will step up to serve in the role.
