Australia

Australian mortgage insurance premiums set to bounce back to growth in 2025: S&P

November 26 2024

Premiums dropped by approximately 36% in 2023, however profitability in the sector has remained sound.

APRA's proposed reinsurance reforms could support general insurers' credit profiles: Fitch

November 20 2024

Proposed reinsurance changes could have positive impact on carrier's credit profiles, but long-term impact likely to depend on factors which affect cedets' reinsurance appetite.

Argyle secures multi-year MSI capacity to enhance Australian SME insurance offerings

November 15 2024

Mitsui Sumitomo will provide capacity allowing MGA to increase combined limits to AU$7m (US$4.53m) starting in January.

allianz-commercial-australia-promotes-church-to-general-manager-broker-distribution

Ben Church officially appointed General Manager Broker Distribution at Allianz Commercial Australia

November 15 2024

Church has served in the position in an acting capacity for the past six months.

Envest acquires majority stake in Bendigo Insurance Brokers

November 15 2024

Regional Australian broker's team of 11 to join Envest's Aviso Group network.

insurer-accountability-on-asics-2025-enforcement-agenda

ASIC puts insurer accountability on 2025 enforcement agenda

November 14 2024

Australian watchdog puts "Failures by insurers to deal fairly and in good faith with customers" on key priorities list.

Pen Underwriting announces retirement of influential liability expert Paul Belford

November 14 2024

Belford's retirement will see the end of a 13-year tenure at the MGA and a career which included roles at Chubb, Allianz, and Zurich.

luka-zdravic-steps-into-financial-lines-underwriting-manager-role-at-hdi-global

Luka Zdravic joins HDI Global as Financial Lines Underwriting Manager

November 11 2024

Perth-based Zdravic joins HDI after 13 years with Zurich.

fitch-upgrade-qbe-outlook-to-positive-as-a-result-of-north-american-mid-market-exit

Fitch upgrades QBE's outlook following North American mid-market exit

November 8 2024

QBE’s improved underwriting results and strong capitalisation were other key drivers in affirming its ratings alongside the outlook revision.

fitch-downgrades-suncorp-groups-ratings-following-bank-sale-changes-to-reinsurance-programme

Fitch downgrades Suncorp's ratings following bank sale, changes to reinsurance programme

November 8 2024

Prism score now weaker than criteria for 'AA' IFS rating due to changes in capital base and risk of reinsurance programme.

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