Australia’s top law officer has written to her state counterparts urging them to redraft the country’s defamation law after a High Court ruling that publishers of social media posts are liable for reader comments sent shockwaves through the media sector. …
SYDNEY – CNN said it is preventing Australians from accessing its Facebook Inc pages after a court ruled that publishers can be liable for defamation in public comment sections and the social media firm refused to help it disable comments …
Australian insurance startup Cover Genius Pty Ltd. boosted its valuation to A$1 billion ($729 million), after raising A$100 million [$72.8 million] from investors including G Squared and Japanese insurer Sompo Holdings Inc. The proceeds — about seven times more than …
MELBOURNE — Australia’s biggest news publishers including Rupert Murdoch’s the Australian are responsible for comments that readers post on their corporate Facebook pages, the High Court ruled on Wednesday. The court dismissed an appeal against a previous ruling that found …
This group of International People Moves covers appointments at three brokers: Miller, BMS and Lockton Re. A summary of these new hires follows here. Miller, the London-based independent specialist re/insurance broker, announced the appointment of Rhys Newland as head of …
SYDNEY – Australia is considering capping fees for litigation funders and lawyers, and guaranteeing a minimum rate of return for plaintiffs, in its latest clamp down on the industry following a surge in costly class action lawsuits. Australia’s government last …
Australia’s insurance regulator on Thursday proposed to limit the exposure of life insurers to offshore reinsurers, given its lack of oversight of foreign players. The Australian Prudential Regulation Authority (APRA) said it was starting a consultation period that would end …
Allianz announced it has agreed to purchase the general insurance business of Westpac Banking Corp., the Australian banking group for a deal worth A$725 million (US$534 million). It will also enter into a new 20-year exclusive agreement for the distribution …
BMS Group, the London-based independent specialist re/insurance broker, announced the appointment of Cris Massis as chairman of BMS’s Australian affinity business, effective Nov. 1 and based in Melbourne. Massis adds significant association leadership and member value expertise to BMS Australia’s …
Marsh, the insurance broker and risk adviser, announced the appointment of Scott Leney as risk management leader for both its Asia and Pacific regions. In his new role, Leney will oversee Marsh’s regional risk management teams as they build on …
