Country: Australia Page 76 / 89
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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.
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- October 23 2019
Action on resilience can avoid uninsurable areas: ICA
There is no more time to wait says the Insurance Council of Australia.
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- October 22 2019
Australia increases disaster mitigation spending by US$34m
The annual government funding will be much welcomed by the market.
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- October 21 2019
Is IAG’s India divestment a good idea?
The Australian giant is set to book a healthy profit but will rely further on its home market.
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- October 21 2019
Australian broker MGA expands with acquisition
The deal for Cotter Insurance Agencies brings MGA's number of offices to 40.
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- October 21 2019
Couple who defrauded Dual Australia head to jail
The former claims manager and her husband are to serve jail terms.
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- October 18 2019
SMEs unprepared for cyber threats: Chubb
Only 48% of SMEs across four countries in the region are improving cyber risk management.
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- October 17 2019
IAG sells stake in India’s SBI General for US$432m
Premji Invest and Warburg Pincus are the buyers, with the carrier set to book a US$200m profit.
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- October 17 2019
Parts of Australia could become uninsurable: ICA
The Insurance Council of Australia has given a stark warning to the market.
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- October 16 2019
IAG firm issues New South Wales storm loss warning
NRMA's concern comes as it reveals sobering figures for 2018-19's season.
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- October 15 2019
Fewer cyclones expected in Australia this season
Despite an expected reduced number, the risk for the market remains high.
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- October 14 2019
Bushfires in New South Wales cause widespread damage
The fires are the latest signal it is going to be a long, destructive season.
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- October 8 2019
Australia’s Reserve Bank warns on profits and climate
A financial stability review has raised concerns for the life market and about climate change.
