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Australia
IAG's Firemark Ventures invests in deep-learning vehicle inspection specialist Ravin AI
May 11 2023
The investment will allow IAG to explore potential benefits of the solution across IAG's brands.
Independent review of Australia's motor repair code of conduct: Dr Schaper recommends removal of those who do not comply
May 11 2023
Dr Shaper made 15 recommendations to update the MVIRI code, in line with current technology and regulatory changes.
Insurance Council of Australia welcomes Labour Government's budget, but pushes for more to be done
May 10 2023
The ICA had previously recommended extending the Disaster Ready Fund to ten years, but the proposal has yet to be adopted.
IAG CFO Michelle McPherson to retire, Tim Plant to leave on June 30th
May 9 2023
The Australian insurer is searching for a new CFO, while Plant's departure is indicative of a wider structural change.
RACQ Chief hints that insurer could leave Queensland's CTP scheme if more equitable approach is not adopted
May 8 2023
David Carter called for a premium equalisation system, which would debit insurers with better than average risk and credits insurers with below-average risk.
Medibank faces third class action lawsuit over October 2022 cyber breach
May 8 2023
The class-action from Slater & Gordon follows Baker & McKenzie's in February and Quinn Emanuel Urquhart & Sullivan's in March.
Report: Australia's Catholic Church Insurance on the brink amid surge in abuse cases
May 8 2023
The bailout of AU$170 million two years ago has proven to be insufficient for The Catholic Church's insurer.
BHSI announce promotion of Sydney-based Holmes to Global Underwriting Officer, Property and Energy
May 5 2023
BHSI also announced the promotion of Dublin-based Hilary Browne to Deputy Global Chief Underwriting Officer.
IAG creates Customer Experience division, appoints Meta VP to lead it
May 4 2023
Michelle Klein returns to Australia, from the United States, and will lead the new division across all IAG brands.
APRA proposes minor amendments to AASAB 17, seeks industry feedback
May 4 2023
The regulator is proposing changes to improve usability and remove ambiguity for Australia's equivalent of the IFRS 17 accounting standards.
BMS expands Australia presence with acquisition of MGA
May 2 2023
The deal is the latest in a string of recent Australia acquisitions by BMS.
Canopius raid Aspen Re, continue Oz growth strategy with hires of Andrew Parker and Paul Wedlock
May 2 2023
Parker joins as Head of Treaty, ANZ and Head of Casualty Treaty, APAC; Wedlock as Head of Property Treaty, ANZ.
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