Australian market News

Australia’s Pro-Coal Prime Minister Signals War on Climate Change Activists

Radical. Extreme. Anarchists: Scott Morrison’s choice of language Friday made it clear how he views some environmental protesters. Now the Australian prime minister is signaling he will legislate to stymie what he says is their threat to commercial decisions and …

BHSI Enters Australia Surety Market, Hiring Griffiths from Liberty Specialty to Lead Team

Berkshire Hathaway Specialty Insurance (BHSI) announced it is entering the surety market in Australia and has named Jonathan Griffiths as head of Surety, Australia. BHSI will focus on providing contract surety solutions for large and mid-sized contractors throughout Australia. The …

Greenlight Re Innovations Invests in Australia Property Claims Platform Handdii

Greenlight Re Innovations (GRI), a subsidiary of Greenlight Capital Re Ltd., announced it has made a strategic investment in Handdii Pty Ltd., a property insurance claims fulfillment platform. Melbourne, Australia-based Handdii is reinventing property claim processes by seamlessly pairing insurance …

Arthur J. Gallagher Acquires Fullerton Health Corporate Services in Australia

Arthur J. Gallagher & Co. announced that its risk management services subsidiary, Gallagher Bassett Services Inc., has acquired Fullerton Health Corporate Services from Fullerton Health Australia, which is part of Singapore-based Fullerton Healthcare Group. Terms of the transaction were not …

AXIS Re Hires Hands from CNA Hardy as Head of Australia

AXIS Re, the reinsurance business segment of AXIS Capital Holdings Ltd. announced the expansion of AXIS Re Strategic Partners with the hiring of Robert Hands as a strategic account executive and head of Australia. In this role, Hands will be …

Insured Property Losses for December 2018 Sydney Hailstorms Rise to A$766M: PERILS

Insured losses for the hailstorms, which hit the greater Sydney region on Dec. 20, 2018, have risen to A$766 million (US$526.6 million), according to PERILS, in its third loss estimate for the storms. PERILS, the independent Zurich-based organization that provides …

Arthur J. Gallagher Acquires Australia Workplace Risk Consultant P2 Group

Arthur J. Gallagher & Co. announced the acquisition of Hawthorn, Victoria-based P2 Group. Terms of the transaction were not disclosed. Founded in 2003, P2 Group helps employers proactively manage occupational health and reduce the risk of worker injuries and WorkCover …

BHSI Opens Office in S. Australia, Taps Holland from Chubb as Underwriting Manager

Berkshire Hathaway Specialty Insurance (BHSI) announced it has expanded its presence in Australia to South Australia, opening an office in Adelaide and naming Monica Holland as underwriting manager. Holland will work closely with BHSI’s team in Melbourne to deliver the …

Zurich Completes Acquisition of ANZ’s Life Insurance Business in Australia

Zurich Insurance Group said it has completed the acquisition of the life insurance businesses of Australia & New Zealand Banking Group Ltd. (ANZ), becoming a major life insurer for retail customers in the Australian market. The A$2.85 billion (US$2 billion) …

Arthur J. Gallagher Acquires The Protectors Insurance Group in Australia

Arthur J. Gallagher & Co. today announced the acquisition of Liverpool, New South Wales-based The Protectors Insurance Brokers Pty Ltd and Regent Insurance Brokers Pty Ltd., collectively referred to as The Protectors Group (TPG). Terms of the transaction were not …