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- October 20 2020
Perils pegs Queensland April hailstorm losses at US$429m
Insurers experienced unusually late and significant claims development.
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- October 16 2020
Another senior exec to leave QBE’s international division
The head of underwriting has been at the firm for over 30 years.
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- October 16 2020
Allianz may make play for Westpac’s P&C division
The Australian bank has been looking to simplify its operations.
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- October 15 2020
Jimmy Higgins selected as Suncorp’s New Zealand CEO
He has been at the firm for 12 years.
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- October 15 2020
Insurtech Cover Genius raises fresh capital for SEA push
The US$15m raise comes after an ex-Manulife exec was hired as SEA and India MD in August.
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- October 15 2020
Australia’s market calls for more nat cat mitigation funding
The market is worried about extreme weather making coverage inaccessible and unaffordable.
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- October 14 2020
APRA focuses on capital adequacy and corporate governance
Systemic resilience, cyber and corporate governance are moving up the agenda.
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- October 13 2020
Expect “above average” and early Australia cyclone season: BOM
A La Nina weather system means the market needs to prepare for a wet six months.
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- October 8 2020
Aussie insurtech backed by Japan’s Daido Life raises US$43m
Such partnerships are likely to become mainstream in the next three years.
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- October 7 2020
McLarens continues global adjusters’ APAC expansion
New Zealand deal is the latest in the region to build on local networks and expertise.
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- October 7 2020
As IAG confirms US$99m settlement, Allianz also faces penalties
Aussie insurers have come under increasing regulatory and public scrutiny in recent years.
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- October 6 2020
Australia’s P&C brokers’ GWP remained steady in first half
It remains to be seen if they can gain any growth in the second half.
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- October 6 2020
RBNZ recommences Insurance Act review
The long-planned review was postponed again this March due to pandemic interruptions.
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- October 5 2020
Australia BI test case nears completion and decision
The ICA notes a "swift determination" will provide "greater clarity" for insurers, regulators and customers.
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- October 5 2020
IAG’s incoming CEO to simplify and refocus as challenges mount
Nick Hawkins has his work cut out, but the new leader has a battle plan.
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- October 2 2020
McLarens secures major acquisition in New Zealand
The deal will significantly expand the global loss adjuster's operations in the Pacific.
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- October 1 2020
Australia’s insurers brace for wet summer as La Nina declared
The weather pattern will have differing results depending on the part of the country.
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- September 29 2020
Australia’s market facing difficulties: Gallagher’s Mark Oatway
Brokers should up their game as rates harden and capacity constraints cause challenges.
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- September 23 2020
Covid-19 to sustain “adverse” market effects
There will be ongoing pressure on premiums and claims according to consultant Taylor Fry.
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- September 22 2020
Leaders at Australia’s giants face multiple challenges
IAG, QBE and Suncorp are grappling with reduced profits, nat cats, Covid-19 and a recession.
