Latest Australia Headlines
All the headlines from our Australia Topic Page, ordered by recency.
Australia Faces Increased Risk From Bushfires Ahead of El Niño Summer
Dec 4 2023 // Australia faces an increased risk of bushfires during the approaching summer, authorities warned on Thursday, with the El Niño weather pattern expected to generate hotter and drier conditions across large swathes of the...
Australia Revamps Cybersecurity Protections After Port Cyberattack
Nov 22 2023 // Australia will undertake an economy-wide revamp of its cybersecurity protections including revised data laws, mandatory reporting and a new nationwide cyber council in response to several significant hacks targeting...
DP World Attack ‘Stark Reminder’ About Prioritizing Cyber Spend: Australia Watchdog
Nov 21 2023 // Australia’s markets regulator wants companies and directors to prioritize cyber resilience, warning it will take action against businesses that fail to make reasonable investments to protect themselves. Australian...
Australian Telco Optus’ CEO Quits After Massive Network Outage and Cyber Attack
Nov 20 2023 // The head of Australia’s second-largest telco Optus resigned on Monday, cutting short a more than three-year tenure marred by a massive network-wide outage and one of Australia’s largest data breaches. Parent...
Arthur J. Gallagher & Co. Acquires Australia’s Edgar Insurance Brokers
Nov 14 2023 // Arthur J. Gallagher & Co. announced the acquisition of Cobram, Victoria-based Edgar Insurance Brokers. Terms of the transaction were not disclosed. Edgar Insurance Brokers provides commercial insurance products and...
Cyber Attack Against Australia Port Operator Causes Massive Container Backlog
Nov 13 2023 // DP World Plc is struggling to work through a backlog of 30,000 shipping containers piled up at ports across Australia as the company resumes operations after a cyberattack. Friday’s hack on DP World, one of the...
Markets/Coverages: Coalition Offers Active Cyber Insurance in Australia
Nov 6 2023 // Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, launched its suite of Active Cyber Insurance products in Australia. Active Cyber Insurance works with organizations to help them...
Australian Companies Face New Liability for Nature-Based Risks
Nov 2 2023 // Australian companies and directors could face legal action if they fail to identify and account for nature-based risks, according to a new opinion backed by lawyers and environmental groups, released Thursday. Directors...
Insurance Premiums Are Big Driver of Australian Inflation
Nov 1 2023 // Australian inflation is being driven by climate change, geopolitical shocks and government policies — factors typically beyond the Reserve Bank’s control. Yet economists still anticipate it will have to respond...
People Moves: Markel Hires Senior Leaders for Casualty, Professional, Financial Risk Teams in Australia; BHSI Promotes Regan to Head of Casualty, Ireland
Oct 31 2023 // This edition of International People Moves details appointments at Markel in Australia and Berkshire Hathaway Specialty Insurance (BHSI). A summary of these new hires follows here. Markel Hires Senior Leaders in Australia...
Australia Court Rules Carnival Negligent Over Cruise’s COVID Risks in Landmark Ruling
Oct 26 2023 // A cruise operator that failed to cancel a voyage from Sydney that led to a major COVID-19 outbreak was ruled negligent in its duty of care to passengers in an Australian class-action case Wednesday. The Ruby Princess ocean...
People Moves: QBE Germany Appoints 2 Marine U/Ws; BHSI Names Jaghbir as Underwriting Manager in Queensland, Australia
Oct 25 2023 // This edition of International People Moves details appointments at QBE Germany and Berkshire Hathaway Specialty Insurance (BHSI). A summary of these new hires follows here. QBE Germany Appoints 2 Marine U/Ws QBE Germany...
People Moves: Lockton Taps Aon Veteran Guffanti as Head of Continental Europe; Markel Australia Appoints Rogers From AXA XL as Head of Queensland
Oct 19 2023 // This edition of International People Moves details appointments at Lockton in London and Markel Australia. A summary of these new hires follows here. Lockton Taps Aon Veteran Guffanti as Head of Continental Europe Lockton,...
Virgin Australia Finds Second Bogus Jet Part With Fake Certificate
Sep 20 2023 // Virgin Australia Airlines Pty found a second suspected unapproved plane part from obscure UK supplier AOG Technics Ltd., as the industry continues to hunt down bogus components that have spread across the global fleet. The...
Australia’s New Hope to Ramp Up Coal Output, Sees Modest Insurance Premium Hikes
Sep 19 2023 // Australian miner New Hope Group’sCEO Rob Bishop said on Tuesday plans are progressing to double output over the next three years to meet an expected surge in demand for coal-fired power, after reporting a nearly 11%...
Shell Says Australian Unit BG Group Hit by MOVEit Cybersecurity Breach
Sep 15 2023 // Shell said on Friday that it had identified a cybersecurity incident involving some employees at BG Group in Australia, the latest company to be hit by the MOVEit hack. Several businesses globally have reported...
Markel Opens 3 Offices in Australia, Hires Morison From AXA XL as Managing Director
Sep 14 2023 // Markel, the insurance operation within Markel Group Inc., announced it is has hired an in-country leader for Australia and will open three new offices there in September 2023. These offices, in Sydney, Melbourne and...
Australia Settles Lawsuit Over Climate-Related Systemic Risks to Sovereign Bonds
Aug 31 2023 // The Australian government has agreed to settle a class action lawsuit which alleged it had failed to disclose climate change-related risks to investors in the country’s sovereign bonds, court filings showed. The...
El Niño Likely to Develop Between Sept and Nov, Australian Weather Bureau Says
Aug 29 2023 // Australia’s weather bureau said on Tuesday that sea surface temperatures in the tropical Pacific were rising and an El Niño weather event, which typically brings hotter, drier weather, would likely develop between...
El Niño Expected Between September and November: Australian Weather Bureau
Aug 15 2023 // Australia’s weather bureau said on Tuesday the El Niño weather event, associated with hotter, drier weather, was likely to hit during the southern hemisphere spring, between September and November. El Niño,...
