Australia

steadfast-group-suspends-trading-amid-strata-allegations

Steadfast Group suspends ASX trading amid strata allegations

September 9 2024

Australia's largest general insurance broker network has halted trading following allegations it mislead clients.

two-years-on-points-of-contention-remain-for-australian-cyclone-reinsurance-pool-finity

Cyclone pool coverage extension may raise premiums, but could benefit high-risk areas

September 9 2024

Extending flood coverage to 168 hours is estimated to raise premiums by 5%, but new modelling could see high-risk properties better subsidised.

australasias-design-amp-construction-pi-market-seeing-shift-to-more-pronounced-softening-wtw

Australasia's design & construction PI market seeing shift to 'more pronounced softening': WTW

September 9 2024

High-quality new capacity is set to continue to enter Australasia's construction insurance market in the latter half of 2024 and the early months of 2025.

australias-gi-code-review-panel-calls-for-mandatory-nat-cat-plans-amid-claims-shortcomings

Australia's GI code review calls for mandatory nat cat plans to improve claims handling

September 9 2024

Independent review provides 104 recommendations around financial hardship, customer vulnerability, claims handling, enforceability, and governance.

dan-elliot-appointed-head-of-cyber-resilience-at-zurich-resilience-solutions-australia

Dan Elliot takes up newly created Head of Cyber Resilience at Zurich Resilience Solutions Australia

September 6 2024

He joins from ZRS’s Canada office, bringing in over 17 years of experience in cyber security.

two-years-on-key-points-of-discussion-remain-for-australian-cyclone-reinsurance-pool

Two years on, key points of discussion remain for Australia's Cyclone Reinsurance Pool

September 6 2024

Pool achieves broad coverage, but debate about coverage periods, loss types continue, and exact consumer savings are hard to quantify, says Finity.

apac-insurance-mampa-resilient-amid-global-slowdown-clyde-amp-co

APAC insurance M&A resilient amid global slowdown: Clyde & Co

September 6 2024

Health and life sectors drive resilient M&A in 2024, with industry showing a rising interest in insurtech acquisitions.

Australia's Actuaries Institute elects Maathu Ranjan as 2025 Vice President, paving way for 2027 Presidency

September 5 2024

Ranjan's election underscores her commitment to evidence-based policy and multi-disciplinary collaboration, the Institute said.

poor-claims-handling-delayed-settlements-top-australia-code-monitors-2024-2025-agenda

Poor claims handling, delayed settlements top Australian code monitor's 2024-2025 agenda

September 5 2024

GI Code Governance Committee looks to enhance monitoring, enforcement methods on issues like claims handling practices, cash settlements, and under-reporting.

halliwell-group-expands-apac-operations-with-quintons-asset-purchasing-agreement

Halliwell group expands Pacific presence with Quintons acquisition

September 4 2024

Halliwell group strengthens regional presence through asset purchase of the commercial property surveyor, which has offices in New Zealand and Australia.

Zurich Australia names David Wainwright as Chief Risk Officer

September 4 2024

Wainwright, with Zurich since 2011, will move from the UK to Sydney to commence the role in Jan 2025.

aon-appoints-alexandra-tilden-as-strategic-account-director-for-apac

Aon promotes Alexandra Tilden to Strategic Account Director, APAC

September 3 2024

In her 19 years with Aon, Tilden has worked in the insurer’s Sydney, San Francisco, and Hong Kong offices.

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