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Middle East conflict drives shipping insurance rate surge amid heightened risk: Reports
June 20 2025
Rising tensions are also prompting some shipowners to divert vessels away from the region’s critical chokepoints.
Fitch upgrades QBE’s credit ratings on improved financial performance
June 19 2025
Ratings upgrade reflects a stronger combined ratio, lower earnings swings, and solid capital levels.
Acenda appoints 4 new Independent Non-Executive Directors ahead of official rebrand
June 19 2025
The four directors are Catherine Dubé and David Stephen from MLC Limited, and Melissa Babbage and Rosheen Garnon from Resolution Life.
AXA XL bolsters Australian marine team with senior underwriting and claims hires
June 19 2025
Ross Lawrenson has been appointed Senior Marine Underwriter and Sameen Naveed Senior Claims Specialist, Marine.
Wild weather claims in 2025 already above 2024 full-year figure: Australia's NRMA
June 19 2025
Ex-Tropical Cyclone Alfred and severe storms have driven a surge in claims across eastern Australia so far this year.
Zurich Kotak eyes commercial insurance expansion with two key appointments
June 19 2025
Insurer appoints Ranjit Bhargava as Head of Distribution and Sumit Gupta as EVP for Distribution.
Willis launches SME-focused digital insurance platform in Australia
June 19 2025
Zest Insurance will initially target administration and support services SMEs before expanding to other sectors.
United Risk acquires Australian specialty MGA Pinnacle Underwriting
June 19 2025
United Risk says the move for the specialist facultative reinsurance agency places the business among the world’s top five MGAs by size and reach.
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.
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