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- May 28 2025
NSW floods claims jump 20%, clean up and recovery expected to be long-term
Insurers have received more than 6,000 claims relating to the Mid North Coast and Hunter region floods as of Wednesday, according to the Insurance Council of Australia.
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- May 28 2025
Markel Australia launches FI solutions, begins with expanded finpro cover for investment managers
Team will be co-led by senior underwriters Lan Pham, based in Melbourne, and Daisy Galvin, who has transferred to Sydney from London.
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- May 28 2025
Aon promotes Mary-Catherine Hamill to head of construction in Australia
She has been with Aon for over nine and a half years, most recently as specialty solutions placement leader.
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- May 28 2025
With Australia, India and China inundated by record floods, voices swell to rewrite the nat cat lexicon
Floods in Australia have been widely described as a one-in-500-year event, but such categorisations are now being seen as harmful to the insurance industry.
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- May 27 2025
Insurance catastrophe declared as NSW floods claims near 5,000
Mid North Coast and Hunter flooding event has impacted communities since last week.
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- May 26 2025
‘If it’s flooded, forget it’: as deadly NSW floods recede, claims jump with 10,000 properties damaged
Insurers have received more than 4,100 claims as of Monday after rainfall and flooding hit the region last week.
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- May 26 2025
Cornerstone Risk Group expands sport, entertainment team with director hire
Russell McCauley will lead the line for the Ardonagh Group-backed Australian insurance broker.
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- May 26 2025
Chubb’s ANZ head of global brokers to retire after 41-year career
John French, who also holds the additional role of colleague development ambassador for ANZ, has worked at Chubb in APAC for 28 years.
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- May 26 2025
Scale, complexity of NSW floods prompt further scrutiny of climate risk models
Loss adjusters expect a high volume of diverse claims from the 'one-in-500-year' event across the Mid North Coast and Hunter regions of New South Wales in Australia.
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- May 26 2025
AIG’s Grant Cairns to join Nigel Fitzgerald’s MGA as founding partner in Australia
Cairns will join Steadfast Group COO's new digital, AI-driven underwriting business, set to launch in Q4, in October.
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- May 23 2025
Marsh settles US$143m Greensill lawsuit: report
Broker reaches confidential settlement with White Oak, which had accused the intermediary of 'fraudulent misrepresentation'.
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- May 22 2025
AIG Australia & New Zealand CEO Grant Cairns to depart, Kathleen Warden appointed GM
Warden and New Zealand GM Liam Pomfret will report directly to regional president Chirs Colahan.
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- May 22 2025
Australian competition watchdog clears IAG’s RACQ acquisition
ACCC said Suncorp, Allianz and QBE, and newer entrants such as Youi, Auto & General, and Hollard will continue to compete in Queensland.
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- May 21 2025
‘One-in-500-year’: ICA declares NSW flooding a significant event
Event may be escalated to an insurance catastrophe if there is a significant increase in claim numbers or complexity, the Insurance Council of Australia (ICA) says.
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- May 21 2025
Marsh appointed broker for Royal Australian Navy’s maritime insurance program
Program may include six new Hunter-class frigates, three Hobart-class destroyers, 11 new general-purpose frigates, six new large optionally crewed surface vessels, as well as naval infrastructure precinct in South Australia.
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- May 21 2025
Canopius adds professional lines underwriter in Australia
Mark Butterworth joins the Lloyd’s carrier in Melbourne from Dual Australia.
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- May 20 2025
Tower reports H1 FY25 COR of 69.7%, profit up to US$36.5m
Kiwi insurer’s first half GWP was NZ$176m, up 4% from a year ago, while it reported large-event costs of US$1.8m.
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- May 20 2025
New Zealand’s US$38bn natural hazards bill shines spotlight on ‘urgent need to reduce impact’: IAG
Since 2010, the government has spent 97% on response to catastrophes, and only 3% on risk reduction and resilience.
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- May 19 2025
Crypto specialist MGA Qubit formally launches in Australia
Underwriter will offer Lloyd's capacity to the digital asset space, according to CEO Helen Ye.
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- May 18 2025
Southeast Asia, Australia in Allianz’s M&A plans, CFO says
Claire-Marie Coste-Lepoutre was speaking during a Q1 earnings call.
