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Australia
IAG to acquire RAC Insurance in A$1.35bn deal with 20-year distribution agreement
May 15 2025
Deal is expected to add around A$1.5bn (US$965m) in GWP to IAG’s portfolio.
Cyclone reinsurance pool cuts premiums in high-risk areas by up to 39% in Australia: ARPC
May 15 2025
Australian Reinsurance Pool Corporation's latest assessment says cyclone pool is boosting insurer willingness to cover cyclone-prone areas.
ANZIIF names Everest's Scott Leney as new Board President, Allianz's Brendan Dunne as Deputy
May 14 2025
Leney takes over from Ben Bessell, who has served as the institute's Board President for the last two years.
DUAL elevates Stewart Eaton as Head of Liability for Australia and New Zealand
May 14 2025
Eaton first joined DUAL in November 2023.
IAG’s intermediated unit restructures to centralise core insurance functions
May 13 2025
The restructure brings several executive changes and a unified approach to operations across the CGU and WFI brands.
AXA XL grows Australia claims team with new specialist appointments
May 12 2025
Tylie Petrovski joins in Brisbane, while Ilija Bogoevski and Rebecca Williams take on new roles in Sydney.
QBE chair urges state tax cuts to ease premiums
May 12 2025
Mike Wilkins says state-imposed insurance taxes are inflating premiums by up to 40%.
HCF Life fined A$750,000 over misleading contract term in life policies
May 9 2025
The Federal Court of Australia finds concerns in policies in the life insurer’s ‘Recover’ range.
Allianz Australia to underwrite Mitsubishi's new dealership-distributed motor insurance product
May 6 2025
The new product line will allow direct access to insurance policies at the car dealership.
Australia's Market Lane launches ML Specialty
May 6 2025
New MGA offers targetted coverage in three core areas, including a capacity of up to A$10m (approx. US$6.5m) for F&B contamination.
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