Australia

Geneva Association urges major resilience reforms to keep home insurance afloat in markets like China and Australia

May 21 2025

Association is calling for urgent resilience investments and structural reforms to prevent home insurance markets collapsing under the weight of climate-driven losses.

arpc-logs-9399-total-claims-with-majority-related-to-home-coverage

Australia's Cyclone Reinsurance Pool logs 9399 claims to Dec 2024

May 21 2025

Most claims under the cyclone pool stemmed from Tropical Cyclones Jasper and Kirrily up until 31 December 2024.

Qubit launches digital asset insurance operations in Australia

May 19 2025

Move follows Qubit’s recent partnership with Canopius to offer digital asset custody and crime insurance products in Hong Kong.

mtaa-vhoices-fresh-concerns-over-iags-rac-deal

MTAA voices fresh motor club insurance concerns over IAG-RAC deal

May 19 2025

This is the third proposed acquisition of a motor club insurance business in six months.

chubb-launches-new-specialty-business-to-underwrite-climate-tech-related-risks-in-australia

Chubb Australia launches Climate Tech practice for low-carbon industries

May 19 2025

Product provides cover for companies developing technologies that help address climate change.

asic-fines-zurich-australia-a38000-for-trauma-insurance-claims-failures

ASIC fines Zurich Australia over denial of trauma insurance claims

May 16 2025

The insurer alerted regulator to its claims handling errors after identifying the mistakes during an internal review.

Lisa Triscasi appointed as BMS Australia’s Client Director for WA

May 15 2025

Triscasi has over 20 years of insurance experience, including senior roles at Centrewest and EBM Insurance.

zurich-promotes-james-garett-to-head-of-sme-for-anz

Zurich promotes James Garrett to Head of SME for ANZ

May 15 2025

Garrett has worked for Zurich for the last 12 years, mainly in SME underwriting.

allianz-iag-to-vie-for-acquisition-of-western-australias-rac-report

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-announces-appointment-of-new-board-president-deputy-president

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.

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