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Markets/Coverages: Coalition Enters Excess Cyber Insurance Market in Australia
May 15 2024 // Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced it entered the excess cyber insurance market in Australia, enabling businesses to add a layer of risk management to their...
Everest Insurance Launches in Australia, Expanding Its Asia-Pacific Business
May 14 2024 // Everest launched its Australian Insurance operations after receiving approval from the Australian Prudential Regulation Authority. The business will operate under the name Everest Insurance Australia with offices in Sydney...
Ardonagh to Acquire Australia’s PSC Insurance Group for A$2.3 Billion
May 8 2024 // Ardonagh Group, the London-based independent insurance distribution platform, announced it has agreed to acquire Australia’s PSC Insurance Group Ltd., in a deal valued at A$2.3 billion (US$1.5 billion). PSC is a...
Australia’s Qantas to Pay $79M to Settle Flight Cancellation Case
May 7 2024 // Australia’s Qantas Airways agreed to pay A$120 million ($79 million) to settle a regulator lawsuit over the sale of thousands of tickets on already canceled flights, in an attempt to end a reputational crisis that...
Arthur J. Gallagher & Co. Buys Health Insurance Consultants Australia
May 6 2024 // Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-based broker, announced the acquisition of Melbourne, Victoria-based Health Insurance Consultants Australia (HICA). Terms of the transaction were not...
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