Latest Australia Headlines
All the headlines from our Australia Topic Page, ordered by recency.
Arthur J. Gallagher Acquires Fullerton Health Corporate Services in Australia
Aug 2 2019 // Arthur J. Gallagher & Co. announced that its risk management services subsidiary, Gallagher Bassett Services Inc., has acquired Fullerton Health Corporate Services from Fullerton Health Australia, which is part of...
Alphabet Has High Hopes for Its Drone Traffic Control App OpenSky
Jul 16 2019 // The company that brought you free digital maps and email wants to do the same thing for your drone. Wing LLC, an offshoot of Alphabet Inc.’s Google, on Tuesday unveiled a new app it calls OpenSky that it hopes will...
AXIS Re Hires Hands from CNA Hardy as Head of Australia
Jun 24 2019 // AXIS Re, the reinsurance business segment of AXIS Capital Holdings Ltd. announced the expansion of AXIS Re Strategic Partners with the hiring of Robert Hands as a strategic account executive and head of Australia. In this...
Insured Property Losses for December 2018 Sydney Hailstorms Rise to A$766M: PERILS
Jun 20 2019 // Insured losses for the hailstorms, which hit the greater Sydney region on Dec. 20, 2018, have risen to A$766 million (US$526.6 million), according to PERILS, in its third loss estimate for the storms. PERILS, the...
Arthur J. Gallagher Acquires Australia Workplace Risk Consultant P2 Group
Jun 18 2019 // Arthur J. Gallagher & Co. announced the acquisition of Hawthorn, Victoria-based P2 Group. Terms of the transaction were not disclosed. Founded in 2003, P2 Group helps employers proactively manage occupational health...
BHSI Opens Office in S. Australia, Taps Holland from Chubb as Underwriting Manager
Jun 12 2019 // Berkshire Hathaway Specialty Insurance (BHSI) announced it has expanded its presence in Australia to South Australia, opening an office in Adelaide and naming Monica Holland as underwriting manager. Holland will work...
Zurich Completes Acquisition of ANZ’s Life Insurance Business in Australia
Jun 3 2019 // Zurich Insurance Group said it has completed the acquisition of the life insurance businesses of Australia & New Zealand Banking Group Ltd. (ANZ), becoming a major life insurer for retail customers in the Australian...
Arthur J. Gallagher Acquires The Protectors Insurance Group in Australia
Jun 3 2019 // Arthur J. Gallagher & Co. today announced the acquisition of Liverpool, New South Wales-based The Protectors Insurance Brokers Pty Ltd and Regent Insurance Brokers Pty Ltd., collectively referred to as The Protectors...
Loss Estimate for Australia’s Townsville Flood Rises to A$1.041 Billion: PERILS
May 10 2019 // Insured property losses for floods that affected northern Queensland, Australia, and in particular the city of Townsville, have risen to A$1.041 billion ($727 million), according to PERILS, the independent Zurich-based...
El Nino Seen Lingering Through August
May 10 2019 // The weak El Nino pattern that’s been influencing global weather will probably stick around through August, likely bringing rain to Brazil’s coffee fields while drying India’s monsoon and possibly helping...
Arthur J. Gallagher Acquires Australian Insurance Broker AgriRisk Services
May 2 2019 // Arthur J. Gallagher & Co. announced the acquisition of Australian insurance broker AgriRisk Services Pty Ltd. Terms of the transaction were not disclosed. Headquartered in North Sydney, New South Wales with offices in...
Hartford InsurTech Hub Holds Demo Day, Completes Second Accelerator Program
Apr 30 2019 // Hartford InsurTech Hub, powered by Startupbootcamp, hosted its second Demo Day at the Bushnell Performing Arts Center in Hartford, Conn., on April 26. The InsurTech Accelerator is the first component of Hartford InsurTech...
Canopius Opens Office in Sydney, Australia
Apr 30 2019 // Canopius, the London-based global specialty re/insurer announced it is opening an office in Sydney, Australia, as part of its commitment to expand in the Asia-Pacific region. Subject to regulatory approval, the local...
Tech Firms Face Fines and Jail for Failure to Remove Violent Content in Australia
Apr 4 2019 // Australia will fine social media and web hosting companies up to 10 percent of their annual global turnover and imprison executives for up to three years if violent content is not removed “expeditiously” under...
HDI Global Specialty to Launch Australia General Aviation Team, Led by QBE’s Bowes
Mar 28 2019 // HDI Global Specialty SE – Australia, the new specialty lines insurer, has recruited Jamie Bowes as head of Aviation as a first step to developing a general aviation footprint in the Asia Pacific markets. Bowes, a...
Australia Mining Firms Report Some Impact from Cyclones as Clean Up Begins
Mar 25 2019 // Mining giants Rio Tinto, BHP Group and Fortescue Metals said their Australian operations had suffered some impact after two cyclones hit the country over the weekend, with clean up starting on Monday in the wake of the...
Northern Australia Braces for 2 Cyclones, Disrupting Mining, Shipping Operations
Mar 22 2019 // Commodity giant Glencore on Friday said it had suspended operations at its McArthur River zinc mine in northern Australia as a cyclone approaches. Authorities have declared a state of emergency in the region as Tropical...
Insured Property Loss for Northern Australia Floods Estimated at A$957M: PERILS
Mar 18 2019 // Initial insured property losses for floods that recently affected northern Queensland, Australia, and in particular the city of Townsville, are estimated at A$957 million, according to PERILS, the independent Zurich-based...
Australia Floods Cost Insurers US$635M in February: Aon’s Catastrophe Recap
Mar 8 2019 // Australia’s Northern Queensland experienced widespread flooding from Jan. 26 to Feb. 7, which cost insurers more than A$893 million (US$635 million) with total economic losses of at least A$1.7 billion (US$1.2...
Wildfires Threaten Towns in Rural Southeast Australia
Mar 7 2019 // More homes were being threatened Tuesday [March 5] by wildfires that have burned dozens of homes and buildings in rural southeast Australia. Victoria state Emergency Management Commissioner Andrew Crisp said emergency...
