Australia

cyber-a-key-concern-but-top-business-risk-varied-across-apac-allianz-report

Allianz identifies cyber as key concern, but top business risks diverge across APAC

January 17 2024

Allianz Risk Barometer sees cyber as top risk in three of nine APAC countries, but BI and Nat Cat rank high, with China focused on regulatory changes.

australian-motor-insurance-market-to-grow-to-us23-9bn-by-2028

Australian Motor Insurance segment to grow to AU$35.1bn by 2028

January 17 2024

GlobalData estimates CAGR of 9.9%, fueled by vehicle sales and growth of EVs.

HDI Global promotes Andrew Cochrane to Liability Underwriting Manager for Australasia

January 17 2024

Cochrane takes on new role with Alex Tarantino moving to Singapore to become Managing Director and APAC Liability Head.

hdi-to-promote-alex-tarantino-to-singapore-md-with-silton-set-to-retire

HDI Global to promote Alex Tarantino to Singapore MD, with Silton set to retire

January 16 2024

Graham Silton, who has more than 40 years in the industry and joined HDI in 2017, is set to retire mid-year.

Vaisey moves from Crawford to Sedgwick as Head of Major and Complex Loss Property Australia

January 12 2024

Vaisey spent nearly twenty years with Crawford & Co, most recently as Regional head.

munich-re-flags-asias-insurance-gap-as-doksuri-ranks-second-in-2023-nat-cat-losses

Doksuri second costliest nat cat in 2023 as Munich Re stresses importance of closing Asia's protection gap

January 9 2024

"Storms like Doksuri are likely to become more frequent" says Munich Re's Achim Kassow as reinsurer publishes 2023 NatCat report.

howden-boosts-australian-equine-presence-with-second-acquisition-in-two-months

Howden expands Australian equine operations with second acquisition in two months

January 9 2024

Howden advances global equestrian broker ambitions with Silks insurance buy.

IAG ups reinsurance placement for 2024

January 5 2024

"Global reinsurance markets have stabilised during 2023, allowing IAG to purchase greater reinsurance protection" says IAG CFO, William McDonnell

Aussie Christmas storm claims surge to nearly 38k as ICA extends cat declaration

Aussie Christmas storm claims surge to 38k as ICA extends cat declaration

January 3 2024

Council extends insurance catastrophe declaration to cover East Coast storms, rain, and flooding in the New Year.

Gold Coast bears brunt as ICA declares 'Insurance Catastrophe' for Christmas storms

December 29 2023

QLD, NSW, and VIC claims surge past 18,000 with Gold Coast accounting for over 10,000.

Australia battered by severe Christmas Storms

December 27 2023

QLD, NSW and VIC hit by flash floods, hailstorms, and strong winds as ICA declares 'Significant Event'.

insurance-council-of-australia-declares-tropical-cyclone-jasper-a-significant-event

Cyclone Jasper: Over 3,800 claims lodged as ICA upgrades event to 'Insurance catastrophe'

December 21 2023

The ICA has classified ex-tropical Cyclone Jasper as an Insurance Catastrophe to fast-track support for thousands in Far North Queensland, with assessors and claims specialists already deployed.

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