Latest Australia Headlines
All the headlines from our Australia Topic Page, ordered by recency.
Allied World Launches 3 Professional Liability Products in Australia
Mar 8 2017 // Allied World Assurance Co. Holdings AG announced it has launched three new professional liability products in Australia: Directors and Officers Liability Insurance, Architects and Engineers Professional Indemnity...
Australia to Offer ‘World’s First’ University Course to Fight Cyber Crime
Mar 3 2017 // Australia said on Friday it will offer the world’s first university course to train intelligence analysts to fight cyber crime, prompted by innovative methods of money transfer among organized crime and militant...
Gallagher Buys Australia’s Ace IRM Insurance Broking Group
Mar 1 2017 // Itasca, Ill.-based Arthur J. Gallagher & Co. announced the acquisition of Ace IRM Insurance Broking Group, located in Beenleigh, Queensland, Australia. The terms of the transaction were not disclosed. Founded in 1981,...
Allianz Has $3.2B to Spend on M&A, but ‘Disciplined’ Approach Is Needed
Feb 3 2017 // Allianz SE Chief Executive Officer Oliver Baete has 3 billion euros ($3.2 billion) to spend on acquisitions and is scouting for targets from Australia to Italy. Rushing into a deal would be a mistake, according to some...
Allianz Weighs Acquisition of Australia’s QBE: Sources
Jan 30 2017 // Germany’s Allianz has made an informal takeover approach to QBE Insurance, Australia’s biggest insurer, but has not named a price, sources told Reuters on Monday. Shares in QBE closed flat after rising by up to...
Allied World Taps Zurich’s Beazleigh as VP, Professional Liability, Australia
Jan 18 2017 // Allied World Assurance Co. Holdings AG announced that Kym Beazleigh has been appointed vice president, Professional Liability, Australia, based in Sydney. He will report to Ed Moresco, senior vice president, Professional...
Newest Big Thing in Drones Is Technology to Block Them
Jan 3 2017 // A boom in consumer drone sales has spawned a counter-industry of start-ups aiming to stop drones flying where they shouldn’t by disabling them or knocking them out of the sky. Dozens of start-up firms are developing...
2017 Predictions for Insurtech, Australia D&O & India Cyber Insurance, Part 2
Dec 20 2016 // Insurtech was an insurance buzzword in 2016 and that’s likely to continue next year when it will permeate almost every aspect of U.S. industry, according to a prediction from international law firm Clyde &...
QBE Insurance Group Names Regan CEO, Australia & New Zealand Operations
Dec 19 2016 // QBE Insurance Group Ltd. announced the appointment of Pat Regan as CEO, Australian & New Zealand Operations, effective March 1, 2017. Regan has been acting in this role since August 2016, in addition to his...
Zurich Insurance Agrees to Acquire Australia’s Biggest Travel Insurer for $551M
Dec 12 2016 // Switzerland’s Zurich Insurance Group has agreed to buy Australia’s biggest travel insurance provider, Cover-More Group, for A$741 million ($551 million), stepping up its investment in the Australian...
TPA Gallagher Bassett Names McNamara as Managing Director, Australia
Dec 7 2016 // Third party administrator Gallagher Bassett (GB)* has appointed John McNamara to the position of managing director – Australia, effective Jan. 1, 2017. McNamara succeeds Jon Winsbury who is moving into the role of...
What Executives Need to Know About Managing D&O Liabilities: Allianz Report
Dec 2 2016 // Company directors and senior managers across the globe are increasingly likely to face costly regulatory investigations, criminal prosecutions or civil litigation, which not only put their company’s assets, and their...
ANZ’s Life Unit Attracts Interest from Suitors in Japan & Hong Kong: Sources
Nov 18 2016 // Australia and New Zealand Banking Group’s sale of its life insurance and wealth business, which has been valued at $3.33 billion by the bank, is attracting interest from Japan’s Meiji Yasuda and Hong Kong-based...
Talbot Underwriting Australia Taps Former Catlin Exec Case as Managing Director
Nov 11 2016 // Talbot Underwriting Ltd., a wholly owned subsidiary of Validus Holdings Ltd., has appointed Andrew Case as managing director of Talbot Underwriting Australia. During his 30 years of experience in the insurance industry,...
Australian Safety Bureau Reports on Missing Malaysian Flight’s Descent
Nov 3 2016 // A report into missing Malaysia Airlines Flight MH370 by the Australian safety investigator leading the search supports its view that the aircraft descended rapidly after running out of fuel with no human intervention, the...
BHSI Launches Civil Liability Cover for Australia/NZ Financial Institutions
Oct 28 2016 // Berkshire Hathaway Specialty Insurance Co. (BHSI) announced it has launched Professional First Financial Institutions Civil Liability Insurance in Australia and New Zealand. “Many forces have shifted the risk...
XL Catlin to Buy Australian Underwriting Agency Brooklyn
Sep 16 2016 // Specialist insurer XL Catlin has agreed to acquire Australia’s Brooklyn Underwriting from Paul Hines. Brooklyn is an underwriting agency in Australia and a Lloyd’s approved coverholder, that has been operating...
Cat-Insurance Data Provider PERILS Expands Into Australia
Sep 13 2016 // PERILS, the independent Zurich-based company providing industry-wide catastrophe insurance data, has extended its market coverage to include Australia. PERILS now provides market-wide property sums insured that are exposed...
Australia Airlines Ban Use of Samsung Galaxy Note 7 Phones After Battery Fires
Sep 8 2016 // Three Australian airlines have banned passengers from using or charging Samsung Electronics’ Galaxy Note 7 smartphones during flights due to concerns over the phone’s fire-prone batteries. Qantas, its budget...
UK’s BMS Launches Melbourne, Australia-based Affinity Broking Operation
Sep 7 2016 // BMS Group Ltd., the London-based independent specialist insurance and reinsurance broker, announced the launch of a new affinity broking operation focused on Australia and New Zealand. The team will be based in Melbourne...
