All the headlines from our Australia Topic Page, ordered by recency.
Jun 28 2024 // Australia on Friday gave the go-ahead for ANZ Group’s A$4.9 billion ($3.26 billion) buyout of Suncorp’s banking business, clearing the deal to proceed after almost two years of scrutiny by financial regulators...
Jun 28 2024 // BMS Australia, the London-based specialist insurance and reinsurance broker, announced the launch of its Agriculture business with Ceri Martin appointed to lead the division. The establishment of this new business is part...
May 31 2024 // Major investors in Australia aren’t responding fast enough to rising threats to infrastructure and other assets from cyclones, floods and other natural disasters, according to a group focused on climate risks.Extreme...
May 15 2024 // Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced it entered the excess cyber insurance market in Australia, enabling businesses to add a layer of risk management to their...
May 14 2024 // Everest launched its Australian Insurance operations after receiving approval from the Australian Prudential Regulation Authority.The business will operate under the name Everest Insurance Australia with offices in Sydney...
May 8 2024 // Ardonagh Group, the London-based independent insurance distribution platform, announced it has agreed to acquire Australia’s PSC Insurance Group Ltd., in a deal valued at A$2.3 billion (US$1.5 billion).PSC is a...
May 7 2024 // Australia’s Qantas Airways agreed to pay A$120 million ($79 million) to settle a regulator lawsuit over the sale of thousands of tickets on already canceled flights, in an attempt to end a reputational crisis that...
May 6 2024 // Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-based broker, announced the acquisition of Melbourne, Victoria-based Health Insurance Consultants Australia (HICA).Terms of the transaction were not disclosed....
Apr 23 2024 // Elon Musk lashed out at Australia’s prime minister on Tuesday after a court ordered his social media company X take down footage of an alleged terrorist attack in Sydney, and said the ruling meant any country could...
Apr 23 2024 // Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-based broker, announced the acquisition of Australia’s Prasidium Credit Insurance.Terms of the transaction were not disclosed. North Sydney-based Prasidium...
Apr 18 2024 // CFC, the London-based specialist insurer, announced it has agreed to acquire Australian managing general agent, Solution Underwriting.Financial details of the deal, which is expected to complete on April 30, 2024, were not...
Apr 16 2024 // An El Niño weather event has ended, Australian weather authorities said on Tuesday, adding that they were uncertain if a La Niña phenomenon would form later this year, as other forecasters have predicted.The cycle...
Mar 18 2024 // Uber agreed to pay A$271.8 million ($178 million) to compensate thousands of taxi drivers in Australia who claimed they lost income when the ride-share company entered the local market.Uber Technologies Inc. settled the...
Mar 12 2024 // Australia’s worsening climate change may see insurance companies and banks withdraw their services from communities vulnerable to extreme events, potentially triggering “cascading effects” across the...
Mar 4 2024 // After a year of deadly wildfires around the globe, the world is burning again from Texas to Australia — and in some regions, the blazes are igniting early.Canada’s Alberta province said last month that wildfire...
Feb 22 2024 // A major port on Australia’s west coast used by Rio Tinto Group to export iron ore has started clearing ships from the harbor ahead of a cyclone that’s expected to form early Friday.All port anchorages are...
Feb 15 2024 // Powerful winds have killed a man and brought widespread destruction across Australia’s second-most populous state, leaving 530,000 homes and businesses without power and fanning fires that razed homes and injured...
Jan 26 2024 // Ex-Tropical Cyclone Kirrily has uprooted trees and felled powerlines in Australia’s Queensland state, leaving tens of thousands without electricity or phone service as the state braces for further wild weather into...
Jan 25 2024 // Australia is being lashed by damaging winds and heavy rainfall as Severe Tropical Cyclone Kirrily makes landfall, the biggest system to hit the Queensland coast in almost five years.Kirrily is crossing near Townsville as a...
Jan 23 2024 // Australia imposed cybersecurity sanctions for the first time on a Russian hacker over his role in the breach of healthcare insurer Medibank Private Ltd. that exposed the sensitive private data of millions of...