Latest Australia Headlines
All the headlines from our Australia Topic Page, ordered by recency.
Ironshore Australia Launches Marine Unit to Cover Fine Art, Specie, Cargo Classes
Nov 19 2013 // Ironshore Australia has entered the fine art, specie and cargo insurance sectors in Australia through the creation of a new marine unit. Ironshore’s team will focus on underwriting a range of both static and transit...
AIR Reports on New South Wales Bushfires; State of Emergency
Oct 23 2013 // Bushfires that started last week in the Australian State of New South Wales have been exacerbated by hot, dry, and windy conditions spread across the state, where authorities declared a state of emergency on Sunday....
Wildfire Emergency Declared in Australia State as Homes Lost
Oct 21 2013 // Australia’s most populous state declared an emergency as wildfires tore through bush land west of Sydney, destroying hundreds of homes and threatening mountain townships. New South Wales State Premier Barry...
Bushfires Destroy Properties in Sydney Region; One Reported Death
Oct 18 2013 // Firefighters battled to contain bushfires that damaged or destroyed hundreds of homes in the Sydney region as authorities warned Australia’s most-populous state faces hazardous conditions for months to come. A...
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...
