Australia

ica-reports-over-1400-claims-for-north-queensland-floods

Insurance losses hit A$164m for North Queensland floods

March 14 2025

Insurance Council of Australia reports that 7,600 claims have now been lodged.

Insurance claims from ex-Tropical Cyclone Alfred climb to over 44,000

March 13 2025

Government introduces financial aid as insurers coordinate recovery efforts post-Cyclone Alfred.

Carbon insurance specialist Kita expands to Australia

March 13 2025

Lloyd's coverholder launched in Singapore last year as regional demand for carbon credit insurance grows.

cyclone-alfred-insured-losses-expected-to-reach-hundreds-of-millions-aon

Aon projects Cyclone Alfred insurance losses of at least hundreds of millions of Aussie dollars

March 13 2025

Alfred's unusual path and slow movement result in severe flooding and record rainfall.

racq-allocates-a1m-for-queensland-natural-disaster-recovery

RACQ donates A$1m for Queensland natural disaster recovery

March 12 2025

The funding will support affected families, community groups, and sports clubs, with a special grant for long-term assistance.

canopius-reports-28-gwp-growth-in-apac-in-2024

Canopius reports 28% GWP growth in APAC for 2024

March 12 2025

Specialty (re)insurer reports APAC growth due to strong Accident & Health performance in Australia and first full year from newly acquired treaty underwriting team.

cyclone-alfred-downgraded-before-making-landfall

Cyclone Alfred claims rise to over 34,000 as recovery efforts ramp up

March 12 2025

Claims surge over 50% in 24 hours.

rga-names-alissa-holz-as-new-ceo-for-australia-and-new-zealand

RGA promotes Alissa Holz to CEO for Australia and New Zealand

March 12 2025

Mark Stewart also transitions from MD of ANZ to Senior Vice President, Chief Actuary for Asia Pacific.

jba-introduces-australian-flood-model-amid-rising-climate-risks

JBA introduces Australian flood risk model

March 11 2025

The launch comes as states of NSW and QLD see severe flooding due to ex-Tropical Cyclone Alfred.

Claims from Cyclone Alfred continue to rise, now exceeding 22,000

March 11 2025

Claims from NSW likely to spike as residents return to assess damage.

PIB Group expands APAC reach with acquisition of Litica

March 11 2025

MGA specialises in litigation insurance and has a presence in Australia and the United States.

broker-satisfaction-in-australia-declines-as-smaller-businesses-struggle-vero

Commercial broker satisfaction in Australia declines, particularly among SMEs: Vero

March 11 2025

Brokers generally remain valued, but proactive engagement is needed to support smaller clients.

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