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- June 6 2024
APRA calls attention to cyber weakness in data backups of carriers
Insurers will have to make sure to maintain sufficient isolation of backups as well as the technical capability to recover systems and data within tolerance levels, the regulator says.
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- June 5 2024
Chubb lands Australian aviation specialist MGA
The global insurer plans to close the acquisition of Melbourne-based Catalyst Aviation Insurance by the end of this month.
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- June 5 2024
Lockton New Zealand ropes in Marsh’s Damian Schade as client director
Schade's appointment in Auckland is aligned with the broker's continuous expansion in the Kiwi market.
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- June 5 2024
Aldi partners with RACQ and Honey Insurance to launch insurance offering in Australia
The supermarket chain's insurance arm will offer car, homeowners and renters, including free smart home sensors, and landlord policies across the country.
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- June 4 2024
Update: Dual to take over Allianz Australia financial lines portfolio
The transition will be effective October 1 and Allianz Australia will remain the 100% capacity provider to this portfolio, according to the MGA's ANZ chief executive Damien Coates.
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- June 3 2024
New South Wales customers bear financial burden of emergency levy: ICA
ESL design disproportionately burdens those who are least able to afford it and does not fairly reflect the potential need for emergency services, the industry group says.
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- June 3 2024
Australian cyber specialist Emergence promotes Katrina Hickson to head of distribution
Hickson, who was the MGA's business development underwriter for Queensland and the Northern Territory, will oversee the national accounts strategy, key partnerships, and expand market presence in the newly created role designed to improve solutions for brokers.
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- June 3 2024
Australian lender Westpac sues insurers to recoup US$266m: report
A lawsuit against Chubb is set to be followed by other proceedings involving Axa, Allianz, Zurich, among others over the bank’s anti-money laundering settlement.
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- May 31 2024
London Australia Underwriting hires portfolio manager from Liberty Specialty Markets
With over 20 years of experience, Jamie Kennell-Webb has joined the MGA from Liberty Specialty Markets (Asia Pacific) where he held several senior roles.
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- May 30 2024
Central and western Australia to see above-average winter rainfall: BOM
The Bureau of Meteorology forecast said that the country is likely to have higher temperatures than usual for this time of the year following an autumn that was warmer for most parts.
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- May 30 2024
Australian MGA Ocean Underwriting to launch financial lines cover with Wade Cadman in charge
The Sydney-based MGA's and Lloyd's coverholder's new product will target SMEs and will be led by Cadman who joins from MGA Brooklyn Underwriting.
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- May 30 2024
Dual recruits Ed Birrell to expand ANZ title insurance business
Most recently as Dual Asset's head of UK M&A, Birrell will relocate to Sydney from London and start his new role in June.
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- May 30 2024
Emerging carbon credit insurers take roots in Asia Pacific
Specialist players like Kita and Oka have recently set up shop in the region as the market here is growing with Australia, Japan and Singapore leading the way.
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- May 30 2024
Australian consumer lobby calls for ‘significant reforms’ to general insurance code
The current code of conduct is riddled with loopholes that insurers have exploited, failing to provide adequate protection for consumers during critical times, says ACIL, which has formulated a set of 52 recommendations.
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- May 30 2024
Dual expands New Zealand operations with Wellington office
The new office will be the company’s first office outside Auckland and reflects the company’s growing presence in New Zealand.
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- May 29 2024
APRA proposes US$22m in levies funding for Australia’s general insurance sector
The total operational costs of the regulators to be recovered from the general insurance sector in FY 2024 is 10.8% higher than the previous financial year, the Treasury said in a discussion paper.
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- May 29 2024
Axa XL ropes in Zurich’s Julie Morgan as Australia head of claims
Sydney-based Morgan will have oversight of all claims activity across all lines of business for Australia.
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- May 29 2024
IAG slapped with class action suit over ‘loyalty tax’ on home insurance renewals
IAG says it intends to defend the proceedings commenced by class action specialist law firm Slater and Gordon against its subsidiaries IAL and IMA.
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- May 29 2024
Tower swings back to profit in H1 2024 on absence of large nat cat
The Kiwi insurer's reported net profit after-tax totalled US$22.2m, reversing the US$3.1m net loss a year ago.
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- May 28 2024
Equal chance of neutral ENSO conditions and La Niña: BOM
The Australian weather agency has maintained La Niña watch as there are some early signs that an event might occur in the Pacific Ocean later this year.
