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- November 20 2020
IAG most exposed after adverse BI ruling
Higher business interruption claims expected after surprise unanimous court verdict.
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- November 19 2020
IAG halts share trades, QBE and Suncorp react to BI verdict
Firms explaining to shareholders the implications of a decision by the NSW Supreme Court.
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- November 19 2020
ICA considers appeal after BI policy court blow
The Insurance Council of Australia is set to consult with its members.
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- November 18 2020
Rates rise as Australia enters perilous summer nat cat season
La Nina, reduced capacity, expensive disasters and mitigation efforts are causing execs headaches.
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- November 17 2020
Bushfire season reignites as Bureau of Meteorology issues warning
A fire in Victoria, extreme heat and a damning scientific climate report see market on high alert.
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- November 17 2020
2019 Timaru hailstorm losses soar to US$117m: ICNZ
As the first year anniversary approaches, the claims bill is a significant increase over previous figures.
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- November 16 2020
Suncorp reserves US$90m for Covid claims, market awaits court ruling
The insurer is preparing for the worst after three months of lockdown in Victoria.
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- November 11 2020
Charles Taylor adds Marsh veteran to Australia team
Richard Lance brings with him 3 decades of market experience.
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- November 5 2020
Steadfast Re hires APAC treaty director
The broker has recruited a former Aon Re exec.
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- November 4 2020
Queensland hailstorm claims soar as La Nina outlook worsens
It could be a long autumn and summer for insurers as losses reach US$140m.
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- November 2 2020
ICA: Queensland’s Halloween hailstorm is catastrophe
The weekend storm came the day after the Royal Commission sent in its final report on nat cats.
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- November 2 2020
Hawkins’ first day as IAG CEO sees exec and divisional shake-up
Mark Milliner is set to leave at the end of the month.
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- October 30 2020
“Warmer-than-average” NZ summer to heighten cyclone activity
The market is hoping there won't be a repeat of the losses incurred in the 2017/18 storm season.
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- October 30 2020
Lloyd’s Apollo makes Adani coal mine reversal
26 (re)insurers have pledged to not provide cover for the controversial project.
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- October 27 2020
Westpac flags US$289m life unit write-down in tough H2
The embattled bank is facing a US$870m after-tax profit drop.
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- October 27 2020
Creeping hailstorm losses are Australia’s latest market challenge
As claims from one event reach US$430m - data, analytics and reinsurance are climbing the agenda.
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- October 26 2020
Asta-backed Lloyd’s syndicate-in-a-box targets US$25m GWP
It will start placing business in January and is aimed at mutuals in Australia and New Zealand.
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- October 26 2020
IAG’s growth sluggish as outgoing Harmer flags “challenging” H2
The firm's incoming CEO will take the reins after an exceptionally tricky period.
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- October 23 2020
QBE appoints veteran as interim global CEO
The search for a successor to Pat Regan continues.
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- October 23 2020
APAC’s insurers examining nat cat exposure as costs rise: S&P
Covering wildfires, typhoons and flooding is becoming riskier and more expensive.
