Australia

Suncorp signs five-year Microsoft partnership to advance AI use

December 12 2024

Partnership includes deploying generative AI tools to streamline claims processing, enhance employee efficiency, and ensure ethical AI governance.

IAG to defend class action over NRMA insurance loyalty offers

December 10 2024

The recent class action lawsuit is the newest in a series of legal challenges filed against IAG’s insurance units.

Berkley Insurance Australia promotes Adelle Timmins to newly created role

December 10 2024

Timmins has been with BIA for over 7 years and has been elevated to National Head of Public & Products Liability.

geoff-pratt-joins-hdi-global-as-aviation-underwriting-manager

Geoff Pratt joins HDI Australia as Aviation Underwriting Manager

December 9 2024

Pratt joins from QBE where he was Aviation Manager.

ASIC finds major shortcomings in Australian insurers’ complaint-handling practices

December 6 2024

Internal Dispute Resolution review highlights failures in identifying complaints, addressing recurring issues, and ensuring timely resolutions.

Daniel Clune joins ARPC as Head of Technical Claims

December 5 2024

Clune joins Australian Reinsurance Pool Corporation after seven years with Guy Carp.

allianz-australia-to-acquire-raas-insurance-business

Allianz Australia's RAA acquisition strengthens top four market position: S&P

December 4 2024

Deal will not impact capital adaqeucy, with Allianz set to fully fund AU$642m (US$417m) RAA acquisition, says rating agency.

Gallagher acquires Hann Insurance Brokers in Australia

December 3 2024

The NSW-based commercial P&C brokerage specialises in transportation, with a focus on on heavy transport.

Canopius seeks to balance portfolio with APAC reinsurance push

December 3 2024

Specialty player currently writes 60% insurance, 40% reinsurance. The new regional CEO wants a 50-50 split.

Ivory Insurance appoints David Hosking as CEO

December 2 2024

Hosking previously served as CEO of PSC Insurance Group and joins Ivory, which received its GI underwriting licence in December 2023.

regulatory-approval-uncertain-for-iags-acquisition-of-racq-say-analysts

Regulatory approval a hurdle for IAG's acquisition of RACQ insurance business, say analysts

December 2 2024

Analysts say deal will face close scrutiny from the ACCC due to potential concerns around market concentration in Queensland's insurance segment.

IAG to acquire 90% of RACQ's underwriting business

November 28 2024

AU$855m (US$555m) deal includes a 25-year distribution agreement, with an option for IAG to purchase the remaining 10% underwriting business in two years.

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