Country: Australia Page 92 / 101
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- August 2 2019
Willis Towers Watson snaps up Australian M&A broker
The global broker has bought Risk Capital Advisors which has offices in Australia, South Africa, the UK and Hong Kong.
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- July 31 2019
ICA disappointed by Northern Australia Insurance Inquiry
Competition inquiry into northern Australia ignores fundamental issues claims the Insurance Council of Australia.
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- July 29 2019
Creating a US$1bn Australian and UK broking force
PSC Insurance Group is on the acquisition trail with premiums soon to exceed US$1bn.
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- July 29 2019
Suncorp to phase out coal underwriting
The Ossie major has set a deadline of 2025.
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- July 26 2019
Australia’s PSC buys Lloyd’s broker for US$52m
The Melbourne broker has expanded its premium income beyond US$1bn with the Paragon purchase.
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- July 25 2019
UK insurtech funding firm to open in Sydney
Insurtech Gateway is hoping to invest and help grow insurtech firms in Australia.
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- July 22 2019
QBE reveals US$60m UK hit
The change to personal injury discount rate has hit insurers again in the UK.
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- July 18 2019
APRA to create insurance division after scathing review
The decision by the Australian Prudential Regulation Authority follows a capability review
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- July 17 2019
IAG invests in vehicle subscription service Carbar
The insurer is looking to diversify to understand other markets.
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- July 16 2019
AMP’s life sale to Resolution is “highly unlikely”
Regulatory concerns in New Zealand have been cited by the potential buyer.
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- July 10 2019
Axa XL finalises regional leadership team
The global firm has named a familiar looking senior line-up for Asia-Pacific.
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- July 10 2019
PSC agrees Victoria broker deal
Melbourne-headquartered PSC Insurance Brokers is expanding with a US$30m purchase.
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- July 9 2019
Canopius Australia & Pacific hires four
The Lloyd's insurer, led by Claudio Saita in Australia & Pacific, is on a recruitment drive.
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- July 8 2019
Arag and HDI unite in legal expenses Australia push
The move means Arag has operations in 18 countries across five continents.
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- July 5 2019
Couple convicted of defrauding Dual in Australia
The judge found the couple defrauded MGA Dual out of around US$12m.
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- July 3 2019
AGCS appoints Pacific CEO
Allianz Global Corporate & Specialty has promoted James Stack as it exits long tail business in Australia and New Zealand portfolios.
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- July 3 2019
Tokio Marine snaps up IAG underwriting agency
Tokio Marine Management (Australasia) now employs 140 staff in the region.
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- June 27 2019
IBNA’s brokers to move to Steadfast
The unification of the two rival broker networks will be a surprise to many.
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- June 26 2019
Australia’s construction market threatened by PI retreat
Surveyors may not be able to meet legal requirements after insurers withdraw cover.
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- June 24 2019
Adani’s coal mine obtains cover despite backlash
The controversial Carmichael project in Queensland has insurance despite majors vowing to stay away.
