Allianz to Buy General Insurance Business of Australia’s Westpac for $534M December 2, 2020 Allianz announced it has agreed to purchase the general insurance business of Westpac Banking Corp., the Australian banking group for...
BMS Appoints Massis as Chairman of Australian Affinity Business November 4, 2020 BMS Group, the London-based independent specialist re/insurance broker, announced the appointment of Cris Massis as chairman of BMS’s Australian affinity...
Marsh Promotes Leney to Risk Management Leader for Asia and Pacific Regions August 14, 2020 Marsh, the insurance broker and risk adviser, announced the appointment of Scott Leney as risk management leader for both its...
Australia to Spend $1.2B to Beef Up Private Sector’s Cyber Defenses After Rise in Attacks August 7, 2020 Australia will spend A$1.66 billion ($1.19 billion) over the next 10 years to strengthen the cyber defenses of companies and...
AIR Worldwide Releases Updated Earthquake Model for Australia July 27, 2020 Catastrophe risk modeling firm AIR Worldwide (AIR) announced the release of its updated Earthquake Model for Australia. These updates were...
Australia to Spend Nearly $1 Billion on Cyber Security During Next Decade June 30, 2020 By Colin Packham SYDNEY – Australia will spend A$1.35 billion ($926.1 million) over the next 10 years to boost its cyber security defenses,...
Arthur J. Gallagher & Co. Acquires Australia’s CA Insurance Brokers June 9, 2020 Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced the acquisition of CA Insurance Brokers in Australia. Terms...
Australia’s 4 Summer Natural Disasters Cost Insurers More Than US$3.44 Billion May 28, 2020 The cost of insurance claims from four natural catastrophes during Australia’s 2019-2020 summer has passed A$5.19 billion (US$3.44 billion), said...
Severe Storm Batters Coast of West Australia May 27, 2020 Tens of thousands of homes and businesses lost power, buildings were battered and trees were uprooted as a vast stretch...
Australia Clamps Down on Litigation Funders Following Surge in Class Action Lawsuits May 22, 2020 The Australian government is tightening regulatory scrutiny of wealthy litigation funders, clamping down on the industry following a surge in...