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Market Lane launches Square Mile Corporate Risks
June 19 2025
The new MGA covers property and liability risks from A$5m (US$3.2m) and up.
Australia imposes sanctions on 60 Russian shadow fleet vessels to curb illicit oil trade
June 19 2025
Ships increase marine risk by using deceptive tactics such as flag-hopping, disabling tracking systems, and operating without adequate insurance.
Fathom adds future climate risk simulations to global flood cat model
June 18 2025
The upgrade enables insurers and financial institutions to assess flood exposure and losses under different climate scenarios up to 2100.
ACCC begins review of IAG’s A$1.35bn RAC Insurance acquisition
June 18 2025
The ACCC will examine the proposed deal’s impact on competition, pricing and service levels in WA's home and motor insurance markets.
TAL taps Cover Genius for embedded life offer in Australia
June 18 2025
The partnership aims to address a market gap in income protection, death, and total and permanent disability, particularly among younger Australians.
Australia’s general insurance sector set for second consecutive year of slowing growth, says GlobalData
June 18 2025
Segment is projected to post 8.5% annual growth in 2025, reaching a value of A$102.8 billion (US$66.7 billion).
Battery Ventures invests in Descartes Underwriting
June 18 2025
Descartes says it will use funding from the tech investment firm to support its global parametric insurance growth.
A$1.44bn in insurance losses estimated following ex-Tropical Cyclone Alfred: ARPC
June 18 2025
Cyclone pool has received more than 68,000 claims and has already commenced making payments to insurers.
Australian code committee sanctions three brokers in reporting compliance drive
June 18 2025
IBCCC highlights ongoing industry improvements but urges brokers to prioritise timely and accurate reporting.
Etiqa Insurance extends travel coverage amid Jetstar shutdown
June 17 2025
The travel relief includes pre-booked accommodations, local transportation, and other trip-related activities not refunded by Jetstar.
Taiwan’s non-life insurance sector posts strong growth and healthier COR: AM Best
June 17 2025
Voluntary motor insurance remained the primary growth driver, contributing nearly half of total direct written premiums in 2024.
Scattered Spider shifting focus from retail to insurance, Google warns
June 17 2025
Google threat analysts say the group behind Marks & Spencer breach is now targeting insurers
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