Latest Australia Headlines
All the headlines from our Australia Topic Page, ordered by recency.
Australia Insurtech Startup Cover Genius Raises Funds, Boosting Valuation to A$1 Billion
Sep 28 2021 // Australian insurance startup Cover Genius Pty Ltd. boosted its valuation to A$1 billion ($729 million), after raising A$100 million [$72.8 million] from investors including G Squared and Japanese insurer Sompo Holdings...
Zurich Insurance Weighs Selling Some Australian Non-Core Assets
Sep 17 2021 // Zurich Insurance Group AG is considering a sale of some of its general insurance assets in Australia as the Swiss firm seeks to streamline its portfolio, according to people familiar with the matter. The insurer is working...
Australia’s Commonwealth Bank Apologizes for Misleading Insurance Sales
Sep 16 2021 // Commonwealth Bank of Australia, the country’s top lender, said on Thursday it would plead guilty to 30 charges brought against it in the federal court for mis-selling consumer credit insurance (CCI) to its...
People Moves: BMS Australia Hires Gallagher’s Van Dugteren, Aon’s McKenzie; elseco’s Warren to Oneglobal; Miller Appoints WTW’s Goreham to Lead Construction
Sep 14 2021 // This edition of International People Moves details appointments at three brokers: BMS, Oneglobal Broking and Miller. A summary of these new hires follows. BMS Australia Names Gallagher’s Van Dugteren, Aon’s...
Australia’s High Court Rules Publishers Liable for Facebook Comments
Sep 9 2021 // MELBOURNE — Australia’s biggest news publishers including Rupert Murdoch’s the Australian are responsible for comments that readers post on their corporate Facebook pages, the High Court ruled on...
People Moves: Former Willis Re CTO Joins Placement Platform Supercede; Sedgwick Hires Cordingley for Event Response in Australia, Cooper for Asia Biz Development
Aug 20 2021 // Reinsurance Placement Platform Supercede Hires Former Willis Re CTO Supercede, the London-based global reinsurance placement platform, announced the appointment of Aydin Betez, formerly chief technology officer of Willis...
People Moves: ArgoGlobal’s Birtwistle to Howden’s New Reinsurance Casualty Team; Riddell Promoted to CEO of Berkley Re Australia, Succeeding Piper
Jul 26 2021 // This edition of International People Moves covers appointments at London-based broker Howden Reinsurance and Berkley Re Australia. A summary of these new hires follows here. Howden Reinsurance, part of international...
People Moves: Newland Joins Miller as Head of Renewable Energy; Aon’s McKenzie to BMS in Australia; Dasgupta to Lockton Re
Jul 7 2021 // This group of International People Moves covers appointments at three brokers: Miller, BMS and Lockton Re. A summary of these new hires follows here. Miller, the London-based independent specialist re/insurance broker,...
People Moves: Howden Australia Hires 3 from Marsh; Strategic Risk Solutions Appoints Schons in Luxembourg; Quinn Promoted at Liberty Specialty
Jun 22 2021 // These international People Moves include recent appointments at Howden Australia, which hired three people from Marsh; a new hire at Strategic Risk Solutions in Luxembourg and a promotion at Liberty Specialty Markets in...
Insurance Council of Australia Declares Flood Catastrophe for Regions of Victoria
Jun 14 2021 // The Insurance Council of Australia (ICA) has declared a catastrophe for regions of Victoria affected by significant storms and flooding of the last few days. The ICA’s catastrophe declaration serves to escalate and...
Australian, North American Units of World’s Largest Meat Supplier Hit by Cyber Attack
Jun 1 2021 // MELBOURNE – Australian and North American units of the world’s largest meat works were hit over the weekend by an organized cyber attack on its information systems, Brazil’s JBS SA said in a statement. The...
Australia Weighs Capping Fees for Litigation Funders, Lawyers as Class Actions Surge
May 28 2021 // SYDNEY – Australia is considering capping fees for litigation funders and lawyers, and guaranteeing a minimum rate of return for plaintiffs, in its latest clamp down on the industry following a surge in costly class...
People Moves: Ex-NewRe Executive Cussigh to Peak Re in Zurich; Key Changes at Euler Hermes; Daley Promoted at Sedgwick Australia
May 26 2021 // This wrap-up of international People Moves details recent appointments at Peak Re, the Hong Kong-based reinsurer; Euler Hermes, the Paris headquartered credit insurer, and Sedgwick, the provider of technology-enabled risk,...
Australia Bushfire Funding ‘Welcome’ but Insurance Tax Rise ‘Unsustainable’: ICA
May 21 2021 // The Insurance Council of Australia (ICA) welcomed the budget announcement from the state of Victoria of funding of A$517 million (US$401 million), which will be allocated across several bushfire risk reduction projects....
Gallagher Acquires Australia’s Mutual Brokers
May 3 2021 // Insurance broker Arthur J. Gallagher & Co. said it has acquired Mutual Brokers Pty Ltd., a Canberra, Australian Capital Territory (ACT)-based Terms of the transaction were not disclosed. Founded in 1985, Mutual Brokers...
Liberty Mutual Weighing Options, Delays Australian Coal Mine Project
Apr 30 2021 // MELBOURNE — U.S. insurer Liberty Mutual will not be filing an environmental impact assessment for a coal project in Australia, it said on Friday, missing a deadline as it weighs alternatives for the proposed...
Greensill Creditors OK Australian Liquidation; Further Investigations Expected
Apr 26 2021 // Creditors of Greensill Capital Pty, the Australian parent of the collapsed British supply chain financier, voted on Thursday to liquidate the company, its administrator said, triggering deeper investigations into the...
Cyclone Seroja Damages Towns in Western Australia with Strongest Winds in 50 Years
Apr 14 2021 // PERTH, Australia (AP) – A destructive cyclone has damaged several towns on Australia’s western coast, shattering windows, snapping trees and knocking out power. There have been no reports of serious...
Australia’s Regulator Weighs Limits on Life Insurers’ Exposure to Offshore Reinsurance
Apr 8 2021 // Australia’s insurance regulator on Thursday proposed to limit the exposure of life insurers to offshore reinsurers, given its lack of oversight of foreign players. The Australian Prudential Regulation Authority...
Sustainable Investment Group Questions Liberty Mutual over Australia Coal Mine Plan
Apr 8 2021 // MELBOURNE – UNPRI, a United Nations-backed network that promotes sustainable investment, is reviewing the status of Liberty Mutual as a signatory after receiving a complaint that the U.S. insurer is backing a coal...
