Australia

ASIC warns insurers against ‘short-changing’ homeowners through cash settlements

August 31 2026

The regulator found that cash settlements were often set by a single quote, potentially leaving homeowners to fund the gap if repairs cost more.

Australia GI premiums rise 3.6% in Q2 as direct insurance weakens, reinsurance improves

Australia GI premiums rise 3.6% in Q2 as direct results slide, reinsurance claims plunge

August 31 2026

Direct insurers recorded higher claims led by householders, fire and ISR, while reinsurance claims fell nearly 80% as results improved year-on-year.

ICA reports almost A$600m in Victorian bushfire claims

August 31 2026

Insurers have now received more than 4,860 claims, slightly up from more than 4,700 reported earlier this year.

ICA ‘carefully considering’ stakeholder feedback on General Insurance Code review

August 31 2026

The council says it is weighing changes that deliver benefits without unintended consequences for consumer outcomes, pricing and market competition.

McLarens appoints Andy Donnelly as executive loss adjuster in Australia

August 28 2026

The new hire adds more than 25 years of commercial property claims experience as the loss adjuster strengthens its operations.

Suncorp announces changes to executive leadership team

Suncorp appoints new customer and digital chief in executive overhaul

August 28 2026

The new division aims to strengthen the insurer's digital capabilities, including the use of AI to boost distribution.

Fitch Affirms Resolution Life Australasia's 'AA-‌' IFS Rating; Outlook Stable

Private credit push lifts Resolution Life Australasia's risky asset ratio to 149% as Fitch affirms 'AA-'

August 28 2026

Fitch expects the exposure to ease once the arm merges with sister company Acenda Life, which runs a lower-risk portfolio, with the merger creating Australia's fourth-largest life insurer.

AUB has appointed Denis Morrissey as underwriting agencies CEO following Angie Zissis’ retirement at the end of the last financial year.

AUB Group names Denis Morrissey as Agencies CEO

August 27 2026

He moves into the role from 360 Underwriting Solutions, which he has owned and served as director of since 2017.

Marsh elevates Justin Ward to lead Guy Carpenter Pacific, adds James Beedle to board

August 27 2026

Ward will relocate to Sydney from Singapore in July 2027.

Australian banknotes and coins on a dark surface, showing colorful notes and metal coins scattered around.

Steadfast grows underlying profit 8.2%, forecasts further gains in FY2027

August 26 2026

The final set of results before an A$7.7bn (US$5.51bn) takeover shows broking and agency earnings holding up against softening premium rates.

Centrewest promotes Marcel de Kok to client director

August 26 2026

He has been with the broker for nearly 15 years.

City skyline with tall glass skyscrapers, a multi-lane road, and buses in the foreground.

AUB Group lifts FY2026 underlying profit 12.2% despite softer insurance market

August 26 2026

The broker's core businesses continued to grow in FY2026, even as reported earnings fell by almost half.

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