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- August 8 2022
Australian floods dampen reinsurers’ H1 results as secondary perils drive losses
Munich Re, Swiss Re, Hannover Re and PartnerRe were among firms hit by the wild weather.
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- August 4 2022
High Court of Australia to hear BI Covid appeals in October at the earliest: ICA
The Insurance Council of Australia said the market will meet the appeal costs in the ongoing dispute.
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- August 4 2022
New Zealand’s climate plan urges development of home flood insurance
The country’s first climate adaptation document wants to address affordability of cover.
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- August 3 2022
Aviso Broking continues deal spree with Queensland purchase
The broking consolidator has snapped up North Queensland Insurance Brokers.
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- August 3 2022
Urban floods in India, China and Bangladesh spurred H1 cat losses: Swiss Re
Floods in Australia were the costliest cat event in H1 2022 in terms of insured losses.
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- August 1 2022
IAG hit with class action lawsuit over Covid BI claims
The action relates to shares purchased in 2020 between March 11 and November 20.
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- August 1 2022
BHSI boosts Australasia transactional liability team with hire from Liberty
Nicholas Ferrari takes up a senior position and will continue to be based in Sydney.
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- August 1 2022
MGA Rokstone eyes Asia cat market opportunity
The specialty player has regional capacity and wants to expand as pricing hardens and terms improve.
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- July 29 2022
Swiss Re returns to profit as Australia floods add to US$270m H1 nat cat miss
The group saw a Q2 net profit of US$405m, while P&C reinsurance H1 nat cat claims were US$938m.
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- July 29 2022
Aviso Broking acquires Sydney’s Macquarie Insurance Brokers
Macquarie's clients are from sectors including construction, financial services and marine.
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- July 29 2022
Analysts raise silicosis market concerns as IAG strengthens reserves
As claims related to the lung disease rise, the years ahead could prove tricky for Australia's casualty sector.
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- July 28 2022
Liberty Specialty Markets promotes Marian Parzakonis to senior manager role
Parzakonis continues to be based in Sydney.
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- July 28 2022
Australia floods and Japan earthquake lead H1 2022 APAC insured losses: Aon
The total costs of the two disasters totaled US$6.2bn in insured losses.
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- July 27 2022
McLarens taps Crawford exec as operations manager in Australia
Darren McKinnon will continue to be based in Brisbane.
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- July 27 2022
Insurtech Cover Genius acquires Booking Protect for event expansion
The deal provides the capability to offer embedded ticketing cover for entertainment including in Japan and Australia.
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- July 25 2022
Ensurance sells UK operations to PSC to focus on Australian growth
Ensurance chief executive Tom Kent cited "immense" opportunities to grow in Australia.
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- July 22 2022
IAG returns to profit in FY 2022, but records US$245m nat cat miss
The insurer strengthened prior reserves by US$119m in part due to claims inflation.
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- July 22 2022
Chubb promotes Christian Falkingham to head of major accounts, Australia & New Zealand
Falkingham will report to Chris Gough, Chubb's head of property & casualty, Australia & New Zealand.
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- July 22 2022
Gavin Wren to join Lockton in Australia
The former Marsh and JLT broker will join the corporate team in August.
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- July 21 2022
Chubb taps QBE financial lines underwriter in Australia
Samantha Fenn has joined Chubb in Sydney as a senior underwriter.
