Latest Australia Headlines
All the headlines from our Australia Topic Page, ordered by recency.
Allianz, IAG Said to Mull Bids for Top Western Australia Insurer
Feb 5 2025 // Insurance firms Allianz SE and Insurance Australia Group Ltd. are among parties considering bidding for Western Australia’s top insurer, according to people familiar with the matter. Allianz and IAG are mulling the...
Australia Urges Residents in Northeast to Evacuate on Flood Risk
Feb 3 2025 // Australian officials urged residents in the northeastern city of Townsville and adjacent areas to evacuate as torrential rains raised the risk of a flood disaster in the area. Some parts of the north in Queensland state...
Australia Braces for Life-Threatening Floods as Six Storms Brew
Jan 31 2025 // Six storms around Australia and its territories are expected to strengthen in the coming days, with one system likely to trigger life-threatening flooding in the nation’s north and three others with at least a...
People Moves: Arch Insurance Int’l Promotes Senior Leaders in Casualty Team; Markel Taps Chubb’s Jordan as Casualty Claims Manager in Australia
Jan 17 2025 // This edition of International People Moves details appointments at Arch Insurance International and Markel. A summary of these new hires follows here. Arch Insurance Int’l Promotes Senior Leaders in Casualty...
Business Moves: Aon’s NFP Buys Irish HR Consultant; CoreLogic Purchases Australian Technology Firm
Jan 13 2025 // Aon’s NFP Acquires Irish Human Resources Consultancy and Training Specialist NFP, the New York City-based brokerage and consulting firm and Aon subsidiary, announced its acquisition of The HR Suite, a leading human...
Australia Braces for Worsening Bushfires as National Park Burns
Dec 23 2024 // Fire restrictions are in place across the Australian state of Victoria as one of its most popular national parks burns and officials warn of potentially “catastrophic” conditions in some areas over Christmas. A...
Meta Settles With Australia’s Privacy Watchdog Over Cambridge Analytica Lawsuit
Dec 17 2024 // Meta Platforms has agreed to a A$50 million settlement ($31.85 million), Australia’s privacy watchdog said on Tuesday, closing long-drawn, expensive legal proceedings for the Facebook parent over the Cambridge...
Arthur J. Gallagher & Co. Acquires Brokerages in Canada and Australia
Dec 3 2024 // Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-headquartered insurance brokerage, risk management and consulting services firm, announced the acquisition of a Canadian and Australian insurance brokerages. In...
Australia’s Top Female Executives Make US$103,000 Less Than Men
Nov 21 2024 // Australia’s top female business chiefs are earning A$158,632 ($103,340) less per year than their male counterparts, according to the Workplace Gender Equality Agency, with the overall pay disparity between men and...
Australia Hardware Chain Breached Privacy With Facial Recognition Tool, Regulator Says
Nov 19 2024 // Wesfarmers-owned Bunnings, the country’s biggest home improvement chain, breached the privacy of thousands of customers by using facial recognition technology without gaining consent, an Australian watchdog has...
Markets/Coverages: IQUW Launches Financial Institutions Product in Australia
Nov 1 2024 // IQUW, the London-based property and specialty re/insurer, has announced that its financial institutions (FI) product, FortiFI, has launched new wording for the Australian insurance market. Launched in the US earlier this...
Arthur J. Gallagher & Co. Acquires Australia’s Via Financial Group
Oct 28 2024 // Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-headquartered broker, announced the acquisition of Australia’s Via Financial Group Pty Ltd. Terms of the transaction were not disclosed. Based in Sydney,...
Australia Sues Insurer QBE Over Pricing Discounts, Shares Slip
Oct 23 2024 // Australia’s corporate regulator is taking QBE to court, alleging that the country’s biggest insurer by gross written premiums misled more than half a million customers about discounts on various products during...
Ardonagh Completes A$2.3B Acquisition of Australia’s PSC Insurance Group
Oct 15 2024 // The Ardonagh Group, the London-based independent insurance distribution platform, announced it has completed the A$2.3 billion (US$1.6 billion) acquisition of PSC Insurance Group Ltd. The completion of the acquisition in...
La Niña Is Becoming Less Likely, Australia’s Weather Bureau Says
Oct 15 2024 // The likelihood of a La Niña weather event in coming months has decreased, Australia’s weather bureau said on Tuesday, adding that if the phenomenon did appear, it would be weak and short-lived. The development of La...
Coal Expansion Helps Lure Insurers Back to Australia Producer Whitehaven
Oct 11 2024 // Whitehaven Coal Ltd., one of Australia’s largest coal producers, shelved a planned special purpose vehicle originally intended to provide in-house insurance after finding external insurers willing to take on the...
Australia Set for More Severe Cyclones This Season on Warm Seas
Oct 8 2024 // Australia is likely to see an above average number of severe tropical cyclones this season, according to the nation’s weather agency, which have the potential to damage crops and flood mining operations. The...
Ardonagh Marks Crucial Step Toward Completing A$2.3B Acquisition of Australia’s PSC
Sep 26 2024 // The Ardonagh Group, the London-based independent insurance distribution platform, announced that PSC Insurance Group Ltd.’s shareholders voted in favor of its proposed acquisition. The transaction, which is valued at...
Vanguard Investments Fined for Greenwashing as Australia Eyes ESG Claims
Sep 25 2024 // Australia’s federal court has fined Vanguard Investments Australia Ltd. A$12.9 million ($8.9 million) for making misleading claims about a fund, the highest penalty issued in the country so far over greenwashing. In...
Musk Calls Australian Government ‘Fascists’ Over Misinformation Law
Sep 16 2024 // Elon Musk, owner of social media platform X, on Friday [Sept. 13] called Australia’s center-left government “fascists” over proposed legislation to slap fines on social media firms for failing to prevent...
