Australia

Stephen Hanna joins AIG as Head of Energy and Construction, Pacific

June 29 2024

Hanna joins AIG following seven years with Chubb.

iag-overhauls-reinsurance-program-to-limit-nat-cat-volatility-over-next-five-years

IAG overhauls nat cat reinsurance program to mitigate volatility

June 28 2024

Five-year program includes volatility cover from Berkshire Hathaway and Canada Life, which would see FY25 peril costs limited to AU$1.283bn in 90% of modelled scenarios.

federal-treasurer-approves-sales-of-suncorp-banking-arm-for-au4-9bn

Suncorp's AU$4.9bn sale of banking arm gets final nod from Federal Treasurer

June 28 2024

AU$4.9bn (US$3.25bn) deal will help Suncorp focus on insurance challenges like climate change and affordability, says Suncorp CEO.

nsw-announces-strata-reforms-including-tightening-of-commission-for-insurance-agents

NSW announces strata reforms, including tightening of commission rules for insurance agents

June 26 2024

Reforms follow investigation into excessive brokerage fees charged by Nestrata.

Feldmann earns expanded role as HDI Global’s Managing Director for ANZ

June 26 2024

Feldmann has served as Australia's MD since 2012 and will now oversee commercial and specialty business across Australia and New Zealand.

hdi-global-launches-cyber-in-australia-with-appointment-of-natalie-miladinski

HDI Global launches Australian cyber presence with appointment of Natalie Miladinski

June 26 2024

Sydney-based Miladinski joins from Chubb as Cyber Underwriting Manager for the Asia Pacific region.

Allianz Commercial taps Jamie Craig as Dealer team Underwriting Manager for Australia

June 25 2024

Craig joined from Zurich, where he was serving as NSW / ACT Underwriting Manager for Motor.

Arch Insurance Australia appoints Amanda Seng as Southern Region Property Underwriting Manager

June 25 2024

Seng brings 20 years of experience to her new role.

Insurance Council of Australia welcomes new building codes that prioritise nat cat resilience

June 24 2024

New homes will be required to withstand extreme weather by 2028.

rate-hikes-tighter-underwriting-helping-australian-life-insurers-manage-disability-income-losses

Rate hikes, tighter underwriting helping Australian insurers manage disability income losses

June 21 2024

Life insurers expected to maintain profitability despite rise in claims and regulatory changes, says S&P.

AM Best affirms Ansvar's ratings as key excess-of-loss and stop-loss programmes renewed

June 21 2024

AM Best affirmed A- IFS rating noting continued reinsurance support from owner EIO following years of PSA claims.

medibank-being-sued-by-privacy-watchdog-over-2022-data-breach

Regulator blames Medibank cyberattack on lack of multi-factor authentication

June 20 2024

In a court filing, the OAIC alleges that the health insurer's lack of MFA enabled hacker to exfiltrate 520 gigabytes of data.

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