Latest Australia Headlines
All the headlines from our Australia Topic Page, ordered by recency.
StarStone, Subsidiary of Enstar, Creates Australian Underwriting Hub
May 20 2016 // StarStone, the global specialty insurer and subsidiary of Enstar Group Ltd., announced the creation of an underwriting capability in Australia. The new hub will operate alongside Enstar’s existing Australian...
Australian Tech Entrepreneur Confirms He Is Bitcoin Creator: BBC Report
May 2 2016 // Australian tech entrepreneur Craig Wright told the BBC on Monday he was the creator of controversial digital currency bitcoin, ending years of speculation about a person who until now has gone by the name of Satoshi...
Investors Back Trov, On-Demand Platform for ‘Insurable Moments’ and Items, with $39M
Apr 26 2016 // Investors have pledged $39 million for a technology platform that allows consumers to insure their valuable things and turn the coverage on and off whenever they want with swipe of a finger on their smartphone. In the...
Australia Nears Record for Fewest Cyclones Since 1970 – Thanks to El Niño
Apr 25 2016 // El Niño is getting some of the credit as Australia nears a record for the fewest tropical cyclones since 1970. “With the end of the season approaching and only three cyclones so far, the 2015-16 Australian region...
Ironshore International Buys Sydney-Based Savannah Insurance Agency
Mar 28 2016 // Ironshore International has acquired the Savannah Insurance Agency of Sydney, Australia, effective immediately. The Savannah Agency team of underwriters will join Ironshore Australia offices, broadening its regional...
Chubb Appoints P&C Risk Engineering Leadership Team in Asia Pacific
Mar 28 2016 // Chubb has appointed Darren Cantas its head of Risk Engineering for Property and Casualty in Asia Pacific. He will continue to lead the region’s P&C Risk Engineering Services team, comprising 32 risk engineers...
Part from Missing Malaysia Flight 370 Said to Have Been Found off Mozambique
Mar 2 2016 // Investigators probing the 2014 disappearance of Malaysia Airlines Flight 370 are examining an object found on the coast of Mozambique they suspect came from the missing Boeing Co. 777, a person familiar with the...
Fiji’s Strongest-Ever Cyclone Flattens Entire Villages; Death Toll Rises
Feb 22 2016 // The death toll from the strongest tropical cyclone ever to hit Fiji climbed to at least 20 as aerial surveillance of affected areas showed entire villages were obliterated as the Category-5 storm roared across the South...
January Weather Cost Global Economy $4 Billion-Plus: Impact Forecasting
Feb 10 2016 // January winter weather cost more than $4.0 billion of economic impact in the United States and Asia, according to Impact Forecasting, Aon Benfield’s catastrophe model development team, which evaluates the impact of...
Allied World Appoints Herron as VP in Australia Professional Liability Team
Jan 28 2016 // Allied World Assurance Co. Holdings announced that Michael Herron was appointed vice president, Professional Liability – Allied World Global Markets. Based in Sydney, Australia, Herron will be responsible for the growth...
XL Catlin Opens Brisbane Office, Continuing Regional Expansion
Jan 26 2016 // XL Catlin’s insurance segment announced it has opened its third office in Australia, located in Brisbane. The office will be initially staffed by Geoff Still and Steve Rogers covering property & casualty...
BHSI Launches D&O & PI Cover in Australia, Expands Team
Jan 19 2016 // Berkshire Hathaway Specialty Insurance Company (BHSI) has launched four new executive and professional lines policies in Australia and named Sami Jaghbir as senior underwriting manager, Executive & Professional Lines,...
Weather Forecaster Warns La Niña Could Follow on Heels of El Niño
Jan 5 2016 // The El Niño that disrupted weather worldwide last year has peaked. Now forecasters are predicting what may be next for the world’s climate. A number of El Niño-Southern Oscillation indicators suggest that the...
Australia Wildfire Insurance Losses Double to A$53 Million ($38 Million)
Dec 29 2015 // Losses from wildfires that destroyed more than 100 homes along a popular tourist stretch in southeastern Australia more than doubled in two days to A$53 million ($38 million) and are expected to climb further, the...
Arthur J. Gallagher & Co. Acquires Australia’s Strathearn Insurance Brokers
Dec 28 2015 // Arthur J. Gallagher & Co. has acquired 100 percent of the capital stock of Strathearn Insurance Group Pty Ltd., headquartered in Perth, Australia. Terms of the transaction were not disclosed. Founded in 1993,...
Insurance Council of Australia Declares Sydney Storms a Catastrophe
Dec 17 2015 // The Insurance Council of Australia (ICA) has declared a catastrophe after storms struck New South Wales, in particular Sydney’s eastern and southern suburbs. The ICA’s bulletin notes that the “storms...
Australia’s Suncorp Slumps Most Since 2009 on Insurance Margins Warning
Dec 14 2015 // Suncorp Group Ltd., Australia’s largest insurer by market value, plunged the most since 2009 after saying margins in its general insurance business will be hit by storm claims and increased costs due to a weaker...
Investors Assess El Niño Effect on Businesses from Bug Killers to Insurers
Dec 10 2015 // As the El Niño weather phenomenon makes the U.S. Northeast warmer, the Midwest drier, and the South and the West wetter this winter, Eric Marshall, portfolio manager of the $2 billion Hodges Small Cap fund, is not one of...
Allied World Enhances Coverage for UK, Asia and Australia Healthcare Organizations
Dec 9 2015 // Allied World Global Markets has introduced enhanced coverage options for hospitals and other healthcare organizations in the UK, Asia and Australia. “The healthcare landscape is becoming increasingly complex,”...
India Floods Top Aon Benfield/Impact Forecasting’s November Cat Recap
Dec 8 2015 // Impact Forecasting, Aon Benfield’s catastrophe model development team, has issued the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of natural disaster events that occurred...
