Latest Australia Headlines
All the headlines from our Australia Topic Page, ordered by recency.
Australia Weather Bureau Forecasts up to 11 Cyclones in Storm Season
Oct 15 2013 // Australia can expect an average cyclone season with up to 11 tropical storms, four of them severe, in the next six months, the Bureau of Meteorology forecast said on Monday. Australia’s cyclone season runs from Nov....
Aon Benfield Launches its 13th Hazards Conference in Australia Next Week
Sep 16 2013 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc is hosting its 13th Biennial Hazards Conference in Australia next week from the 22nd to the 24th of September with the theme of “Think...
IAG Profit More Than Triples as Natural Disaster Claims Fall
Aug 22 2013 // Insurance Australia Group Ltd., the nation’s biggest car and home insurer, reported full-year net income more than triple a year earlier as claims fell and premiums rose. Net income rose to A$776 million ($697...
Willis Re Bermuda Names Harden as New CEO
Aug 6 2013 // Willis Group Holdings announced that Michael Harden, currently Chairman of Willis Re Australia, has been appointed CEO of Willis Re Bermuda, effective January 1, 2014 Harden described his new assignment as a “great...
Catlin Launches Next Seaview Survey for Caribbean, Bermuda Coral Reefs
Jul 31 2013 // Catlin Group Limited announced the launch of its next “Seaview Survey,” which it described as a “significant expansion of its study of coral reefs with a new campaign in the Caribbean and Bermuda.”...
ACE Names Sullivan Chairman-Asia Pacific; Ortega, McNamee in New Posts
Jul 19 2013 // The ACE Group has named Damien Sullivan as chairman of the company’s Asia Pacific region. He is currently the region’s president. As chairman he will focus on governance, strategic planning and senior customer...
Guy Carpenter Facilitates Launch of Multi-Peril Crop Insurance in Australia
Jul 10 2013 // Guy Carpenter & Co., LLC, a global risk and reinsurance specialist and member of Marsh & McLennan Cos. has facilitated the launch of a Multi-Peril Crop Insurance (MPCI) product for Australian grain growers for the...
In Past Decade, World Experienced Unprecedented Climate Extremes: WMO
Jul 3 2013 // The world suffered unprecedented climate extremes in the decade to 2010, from heatwaves in Europe and droughts in Australia to floods in Pakistan, against a backdrop of global warming, a United Nations report said on...
Australian Insurance Broker Network Plans Nation’s Biggest IPO Since 2010
Jul 1 2013 // Steadfast Group Ltd., Australia’s largest network of insurance brokers, plans to raise as much as A$562.8 million ($515 million) in the country’s biggest initial public offering since 2010. The Sydney-based...
Australian Safety Regulator Faults Rolls-Royce over Qantas Engine Explosion
Jun 27 2013 // Rolls-Royce Plc repeatedly failed to identify a defect that caused one of its engines to explode on a Qantas Airways Ltd aircraft carrying more than 400 people over Indonesia three years ago, an Australian safety regulator...
S&P Applies Revised Insurance Criteria to 22 Reinsurers and Subs
May 24 2013 // Standard & Poor’s Ratings Services announced that it has reviewed its ratings on 22 large global reinsurance groups by applying its new ratings criteria for insurers, which were published on May 7, 2013. (See...
Supreme Court Asked to Decide If Human Genes Are Patentable
Apr 15 2013 // Soon after learning that his son had autism, Hollywood producer Jon Shestack (“Air Force One”) tried to get researchers investigating the genetic causes of the disorder to pool their DNA samples, the better to...
Willis Re Makes Management Changes in Australian Operation
Mar 26 2013 // Willis Group Holdings, the global risk advisor and insurance broker, has announced important changes to the leadership team at Willis Re Australia Limited, effective April 1, 2013. Current CEO Michael Harden will become...
Gen Re Names Flitcroft Marketing Manager for P/C Treaty in Australia, NZ
Mar 26 2013 // Gen Re announced the appointment of Andrew Flitcroft as Marketing Manager for the Property/Casualty Treaty business in Australia and New Zealand, effective April 1, 2013. He is a Fellow of ANZIIF, and has been Gen...
AIR Update: Tropical Cyclone Rusty Makes Landfall in Western Australia
Feb 28 2013 // Catastrophe modeling firm AIR Worldwide reported that Tropical Cyclone Rusty came ashore with 1-minute sustained winds of 136 km/h [85 mph] and gusts to 170 km/h [106 mph]. AIR described Rusty as a “severe tropical...
AIR Worldwide Analyzes Potential Impact of Tropical Cyclone Rusty
Feb 27 2013 // Catastrophe modeling firm AIR Worldwide described Tropical Cyclone Rusty as having grown rapidly in intensity since its formation on Saturday. Although it is not expected to directly impact Port Hedland, Australia’s...
Australia’s Port Hedland Iron Shipping Port Spared Worst of Cyclone Rusty
Feb 27 2013 // A powerful cyclone that brought half the world’s seaborne-traded iron ore to a halt spared Australia’s Port Hedland shipping hub on Wednesday, making landfall about 120 km (75 miles) to the east. Cyclone Rusty,...
Australia’s QBE Profits Reduced by Higher Claims; Cuts Dividend
Feb 26 2013 // QBE Insurance, Australia’s biggest insurer, posted a lower-than-expected 8 percent rise in full-year net profit due to high claims for accidents and adverse U.S. weather, prompting it to slash its dividend and...
Australia’s Main Iron Ore Port Braces for Direct Tropical Cyclone Hit
Feb 26 2013 // A powerful tropical cyclone is on course for a “direct hit” on Australia’s Port Hedland, which handles a fifth of the world’s seaborne-traded iron ore, with evacuations starting on Tuesday ahead of...
Report Criticizes Insurance Tech Firm Ebix’s Financials; Firm Refutes Allegations
Feb 22 2013 // Ebix Inc., a major provider of software and e-commerce products for the insurance industry, saw its stock price fall more than 25 percent Thursday, Feb. 21, after a research report critical of Ebix’s financial...
