All the headlines from our Australia Topic Page, ordered by recency.
Aug 23 2018 // Australia has banned Chinese telecoms firm Huawei Technologies Co Ltd. from supplying equipment for a 5G mobile network, citing risks of foreign interference and hacking which Beijing dismissed as an “excuse”...
Aug 16 2018 // Australia’s QBE Insurance Group Ltd. posted a better-than-expected 4 percent rise in first-half profit, helped by fewer natural disasters in its biggest markets, sending its shares up almost 9 percent to their...
Aug 15 2018 // StarStone, the global specialty insurer, has launched a casualty consortium targeted at the Australian and New Zealand markets. The consortium is led by StarStone’s Mark Hunt and has begun underwriting...
Aug 10 2018 // Global commercial insurance prices rose in the second quarter of 2018, marking the third consecutive quarter of increases, according to Marsh’s “Global Insurance Market Index.”These average increases were...
Jul 17 2018 // RMS, the Newark, Calif.-based risk modeling and analytics firm, announced it has strengthened the Asia Pacific capabilities of its Version 18 catastrophe risk management software.The Asia Pacific model suit is being...
Jul 13 2018 // BMS Group Ltd., the independent specialist insurance and reinsurance broker, announced that Danny Gluszkiewicz is joining the growing BMS Australia team as a director of the Australian operations, effective August...
Jul 10 2018 // Litigation funder IMF Bentham Ltd is preparing to potentially sue social media giant Facebook Inc in Australia over its sharing of users’ data with political consultancy Cambridge Analytica.The world’s largest...
Jul 9 2018 // Arthur J. Gallagher & Co. announced the acquisition of Milne Alexander, with offices in Sydney, New South Wales and Port Lincoln, South Australia. Terms of the transaction were not disclosed.Founded in 1973, Milne...
Jun 25 2018 // Commonwealth Bank of Australia said it would hive off its wealth management and mortgage broking businesses, and explore whether to divest its general insurance arm, as it narrows its focus down to traditional...
May 17 2018 // Tycoon Sanjeev Gupta’s GFG Alliance is planning an expansion of its financial services business outside of Europe, targeting opportunities to provide lending and insurance to mid-sized businesses.“All...
Apr 23 2018 // Australia’s competition watchdog on Monday supported massive increases in financial penalties for companies caught doing the wrong thing, after widespread misconduct was exposed by an ongoing inquiry into the...
Apr 20 2018 // Tokio Marine Kiln (TMK), the specialist and corporate insurance business, announced it has formed a strategic agreement with Australian insurtech firm Evari.The agreement will allow TMK to access Evari’s digital...
Apr 20 2018 // Insurance Australia Group is set to sell its four Southeast Asian businesses in deals that could be valued at about $500 million, under a review of its Asian operations, three people with knowledge of the matter said.IAG,...
Apr 12 2018 // QBE Insurance Group Ltd. announced a reshaping of the senior management team with the appointments of Inder Singh as group chief financial officer, replacing Michael Ford who is leaving QBE; Peter Grewal as group chief...
Apr 11 2018 // PERILS AG, the independent Zurich-based company that provides industry-wide catastrophe insurance data, has released a 2018 update of its Industry Exposure Database (IED).The updated country IEDs have again been produced...
Apr 5 2018 // Australia on Thursday said it had begun an investigation to decide whether social media giant Facebook Inc breached its privacy laws, after the company confirmed data from 300,000 Australian users may have been used...
Mar 28 2018 // The final property insurance loss estimate for Australia’s Tropical Cyclone Debbie is A$1.7 billion (US$1.3 billion), according to PERILS, the independent Zurich-based organization that provides industry-wide...
Mar 26 2018 // Berkshire Hathaway Specialty Insurance (BHSI) announced it has opened an office in Perth, Western Australia, naming Anthony Prindiville to lead its casualty underwriting and Mark Shepard to lead property underwriting...
Mar 19 2018 // More than 70 homes were destroyed as bushfires swept through the seaside town of Tathra in southeastern Australia at the weekend. Soaring temperatures and wind gusts fanned the fires about 500 kilometers (310 miles) south...
Mar 16 2018 // Australia’s competition regulator said on Friday it was suing credit reporting company Equifax Pty Ltd, owned by U.S.-based Equifax Inc, alleging it misled consumers and used unfair tactics with people in financial...