Country: Australia Page 75 / 98
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- October 27 2020
Creeping hailstorm losses are Australia’s latest market challenge
As claims from one event reach US$430m - data, analytics and reinsurance are climbing the agenda.
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- October 26 2020
Asta-backed Lloyd’s syndicate-in-a-box targets US$25m GWP
It will start placing business in January and is aimed at mutuals in Australia and New Zealand.
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- October 26 2020
IAG’s growth sluggish as outgoing Harmer flags “challenging” H2
The firm's incoming CEO will take the reins after an exceptionally tricky period.
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- October 23 2020
QBE appoints veteran as interim global CEO
The search for a successor to Pat Regan continues.
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- October 23 2020
APAC’s insurers examining nat cat exposure as costs rise: S&P
Covering wildfires, typhoons and flooding is becoming riskier and more expensive.
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- October 23 2020
Suncorp’s Johnston keen to “capitalise on opportunities”
CEO hails firm's "strong fundamentals" at an investor presentation, despite the pandemic.
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- October 23 2020
NAB looks to offload NZ life arm as market exodus continues
The Australian lender's BNZ Life is back on the chopping block.
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- October 22 2020
McLarens’ Panes: Claims handling during pandemic “admirable”
The HK-based APAC COO speaks on regional expansion and adaptation.
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- October 21 2020
“Have a plan” for response to BI test case: ASIC
Australia's P&C insurers and Lloyd's coverholders need to coordinate action and communication.
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- October 20 2020
Perils pegs Queensland April hailstorm losses at US$429m
Insurers experienced unusually late and significant claims development.
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- October 16 2020
Another senior exec to leave QBE’s international division
The head of underwriting has been at the firm for over 30 years.
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- October 16 2020
Allianz may make play for Westpac’s P&C division
The Australian bank has been looking to simplify its operations.
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- October 15 2020
Insurtech Cover Genius raises fresh capital for SEA push
The US$15m raise comes after an ex-Manulife exec was hired as SEA and India MD in August.
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- October 15 2020
Australia’s market calls for more nat cat mitigation funding
The market is worried about extreme weather making coverage inaccessible and unaffordable.
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- October 14 2020
APRA focuses on capital adequacy and corporate governance
Systemic resilience, cyber and corporate governance are moving up the agenda.
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- October 13 2020
Expect “above average” and early Australia cyclone season: BOM
A La Nina weather system means the market needs to prepare for a wet six months.
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- October 8 2020
Aussie insurtech backed by Japan’s Daido Life raises US$43m
Such partnerships are likely to become mainstream in the next three years.
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- October 7 2020
As IAG confirms US$99m settlement, Allianz also faces penalties
Aussie insurers have come under increasing regulatory and public scrutiny in recent years.
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- October 6 2020
Australia’s P&C brokers’ GWP remained steady in first half
It remains to be seen if they can gain any growth in the second half.
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- October 5 2020
Australia BI test case nears completion and decision
The ICA notes a "swift determination" will provide "greater clarity" for insurers, regulators and customers.
