All Australia articles
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NewsBMS buys Australian MGA GARD
Australian acquisition billed as a diversifier to BMS Group’s international operations.
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NewsGlobal nat cat losses surpassed $313 billion in 2022 - Aon
$132 billion was covered by insurance, revealing a 58% ‘protection gap’; Hurricane Ian was the most costly event of the year
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NewsHowden completes buyout of AlphaXO Risk Partners
Australia-based specialty broker is one of the major marine insurance intermediaries in the Pacific region
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NewsCatastrophic floods hit three Australian states
More extreme weather is on its way with widespread rain and storms forecast across eastern Australia later this week
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NewsHannover Re reports combined ratio of 99% in H1
The reinsurer is maintaining its profit guidance after generating group net income of €649 million in the first six months
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NewsSuncorp reveals reinsurance program changes as it braces for further flood claims
The Australian cedant’s natural hazard allowance is expected to increase to $1.2 billion, reflecting losses to date
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NewsFuture proofing airports
There are clear risks and opportunities as airports repurpose for a post-COVID world
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NewsAustralian Insurers welcome reinsurance pool committment
A Reinsurance Pool Working Group of insurers was established to work through the Northern Australia cyclone risks. This group will now turn its attention to working with the Federal Government’s announced design and consultation process to determine the operation of the pool.
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NewsCyclone destroys homes, cuts power to 31,500 on Australia’s west coast
Officials said around 70% of the structures in the coastal town of Kalbarri, about 500 kilometres (310 miles) north of state capital Perth, had sustained damage when the category three storm made landfall late on Sunday.
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NewsHowden to cement strategic partnership with Steadfast & with Australian retail broking launch
Howden in Australia will join Steadfast’s network - Australia’s largest general insurance platform - to leverage its scale, strength and access.
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NewsQBE hikes catastrophe allowance by 24% after extreme weather
Premiums could rise after insurer QBE increased its allowance for catastrophic weather claims by almost a quarter following a year of unprecedented weather events in Australia and the United States.
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NewsAustralia’s Westpac sells general insurance unit to Allianz for $535 million
The transaction is the latest in a series of sales of underperforming insurance assets by the country’s Big Four banks, as lenders re-focus on local core operations, after a series of scandals ramped up regulatory scrutiny on the sector.
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NewsAustralia - Black Summer losses to reach A$5.4 billion
Insurance Council of Australia says more than 83 per cent of bushfire claims have already closed