Australia

acil-warns-it-will-push-for-government-appointed-assessors-over-poor-claims-handling

ACIL urges insurers to fix cash settlement processes or face government-appointed assessors

June 9 2025

Homeowners often receive unclear and inadequate cash settlements that fail to cover the full cost of repairs, says consumer watchdog.

australian-federal-court-rules-in-favour-of-auto-general-in-asic-legal-battle-over-policy-terms

Australian court dismisses ASIC appeal against Auto & General’s ‘unfair’ insurance clause

June 9 2025

Decision follows regulator's claims that policy wording placed unclear obligations on customers across several major insurance brands.

spike-in-significant-breaches-highlights-systemic-weaknesses-in-australias-life-insurance-sector

APRA, ASIC report early progress on life insurer reforms

June 9 2025

However regulators added that the long-term impact on the reforms remain to be seen.

atc-acquires-b-p-marshs-stake-in-sterling

Australian MGA ATC Insurance Solutions acquires Sterling Insurance for A$33.2m

June 6 2025

The deal sees B.P. Marsh increase its stake in ATC to 27% through a share swap arrangement.

asic-urges-home-insurers-to-strengthen-oversight-consumer-communication-after-2022-floods-review

ASIC tells property insurers to strengthen oversight, improve consumer communication

June 6 2025

Commissioner Alan Kirkland said insurers "still have more work to do" to strengthen oversight of independent experts and improve their claims handling processes.

swiss-re-corporate-solutions-appoints-aimee-curtain-as-head-of-property-amp-specialty-anz

Swiss Re Corporate Solutions names Aimee Curtain as next Head of Property & Specialty, ANZ

June 5 2025

Curtain will take over from Luke Griggs starting from August.

arch-promotes-ed-short-to-head-of-digital

Arch promotes Ed Short to global Head of Digital

June 4 2025

Short has been with the business for two years.

mclarens-acquires-property-amp-forensic-assessing-in-australia

McLarens boosts Australian presence with acquisition of Property & Forensic Assessing

June 4 2025

Melbourne-based PFA specialises in areas including construction, commercial property, casualty, and forensic accounting.

fidelis-secures-us90m-herbie-re-cat-bond-covering-japan-australia-nz-risks

Fidelis closes US$90m cat bond covering Japan, Australia, NZ risks

June 4 2025

Issued through Herbie Re, the issuance covers losses from a variety of nat cats including storms, earthquakes, wildfires, and tropical cyclones.

asic-targets-insurance-misconduct-as-complaints-soar-and-climate-risks-intensify

ASIC sues Choosi for allegedly misleading customers on insurance comparisons

June 3 2025

The regulator claims Choosi only compared policies from a single insurer despite advertising broader options.

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