Australia

Economic losses for Australia's 'bomb cyclone' likely to be in 'lower hundreds of millions': Aon

July 7 2025

The storm caused major disruption across New South Wales, with hundreds of homes damaged and widespread power outages reported.

Midyear renewals see rates continue to soften

July 7 2025

Abundant capacity, stable loss activity underpin competitive terms for cedants in key APAC renewal markets.

aia-group-announces-indonesia-as-regional-winner-of-healthiest-schools-competition

Indonesian school wins AIA Group's 'Healthiest Schools Competition'

July 4 2025

UPTD SD Negeri Papela recognised for its efforts to recycle plastic waste into literacy boards and classroom furniture.

australias-quay-marine-gains-coverholder-status-for-axa-xls-xl-insurance

Australia's Quay Marine appointed coverholder for XL Insurance

July 3 2025

MGA will cover commercial hull, marine liability, and cargo for the AXA XL subsidiary.

tasmanian-liberals-proposed-state-run-insurer-could-shift-risk-to-taxpayers-ica-warns

Tasmania's proposed state-run insurer could shift 'significant financial risk' to taxpayers, ICA warns

July 3 2025

ICA cited the US National Flood Insurance Program, which cost the federal government US$20.52bn in unfunded ageing debt.

Joanna Quigan relocates to Australia as Senior Underwriter, Professional and Financial Risks at Markel

July 3 2025

Quigan moves from Auckland, New Zealand, as Markel continues Asia Pacific build out.

tasmanians-liberals-pledge-to-create-tasinsure-to-cut-insurance-costs

Tasmanian Liberals pledge to create state-owned insurer to cut insurance costs

July 3 2025

The political party has pledged to set up TasInsure to offer home, contents, small business, and event cover, if re-elected at the 19 July state poll.

ica-australias-extreme-weather-losses-balloon-to-over-a1-8bn-in-2025

ICA: Australia's H1 nat cat losses amount to over A$1.8bn

July 2 2025

Ex-Tropical Cyclone Alfred accounted for three-quarters of the incurred losses at A$1.36bn.

suncorp-adopts-multi-year-structured-reinsurance-layer-with-profit-share-loss-cap

Suncorp trims reinsurance tower, maintains core structure after strategic review

July 2 2025

New structure aims to reduce earnings volatility and improve capital efficiency following a strategic review.

claims-from-cyclone-alfred-north-queensland-floods-reach-a1-5bn-ica

IAG lifts FY25 profit guidance on lower natural perils losses

July 1 2025

The lower-than-anticipated claims burden is set to significantly lift the company’s full-year profit and margin guidance.

bms-group-adds-queensland-firm-to-portfolio-amid-global-mampa-drive

BMS adds Queensland firm to portfolio amid global M&A drive

July 1 2025

Acquisition of Corporate and Commercial Insurance Brokers in Australia marks group's continued international growth.

Chubb Australia announces key appointments in global broker division

July 1 2025

Jennifer Vanek appointed National Strategic Relationship Manager, and John De Felice and Ryan Spettigue named as National Relationship Managers.

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