Australia

Market Lane launches Back Bay Professional Risks in Australia

February 5 2025

Lloyd's coverholder targets professional indemnity coverage for design, engineer, and acrchitecutre segments.

Wesley Roy returns to AON as Head of Property for ANZ

February 4 2025

He returns to the business after five years at Hollard Insurance.

apra-warns-of-financial-pressures-from-rising-healthcare-costs

APRA warns of financial pressures on health insurers from rising costs

February 4 2025

Board Member Suzanne Smith is urging insurers to bolster governance and resilience amid rising costs.

Australian regulator exploring potential concerns over IAG, Allianz acquisitions

February 4 2025

ACCC investigating whether IAG-RACQ and Alliianz-RAA deals might lead to higher premiums, lower service standards.

AXA XL appoints Belinda Luu and Ben Dooley in APAC energy roles

February 3 2025

Both join as Energy Transition Risk Consultants for APAC & Europe.

Cyber MGA Sync Underwriting launches in Australia

February 3 2025

Tokio Marine provides capacity for the managing general agent, which is is part of the Rhodian network.

heavy-rainfall-floods-prompts-evacuations-in-north-queensland

Heavy rainfall, flooding prompts evacuations in North Queensland

February 3 2025

The Insurance Council of Australia on Sunday declared the North Queensland floods a ‘significant event’.

steadfast-group-merges-network-insurance-group-and-insurance-house

Steadfast Group combines Network Insurance Group and Insurance House

January 31 2025

Group's two largest brokerages merge, with Andrew Broughton named as CEO.

Watchdog urges ACIL to name insurer penalised for claims code breach

January 31 2025

“Consumers and industry stakeholders deserve to know when an insurer has failed to meet its obligations,” says Chair of Australian Consumers Insurance Lobby.

Australian general insurer fined AU$100k for claims code breaches

January 29 2025

However Code Governance Committee opts not to name insurer, citing insurer's cooperation, transparency, and accountability as reasons.

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