All the headlines from our Australia Topic Page, ordered by recency.
May 13 2015 // In 2009, the El Nino brought the worst drought in four decades to India. It razed wheat fields in Australia and damaged crops across Asia. Food prices surged. A closely watched forecast by Japan on Tuesday confirmed its...
May 12 2015 // A string of recent major natural catastrophe events in Australia is expected to materially affect non-life insurers’ upcoming earnings for the fiscal year that ends June 30, 2015, according to an A.M....
May 5 2015 // Thousands of claims, lodged from SE Queensland and Northern NSW storms, have now been declared catastrophes – the 5th such declaration this year – by the Insurance Council of Australia (ICA). Most of the insured damage...
May 1 2015 // Aspen Re, the reinsurance segment of Aspen Insurance Holdings Limited, announces the appointments of Andrew Parker as head of its Australian branch in Sydney and senior underwriter and Paul Wedlock as senior underwriter...
Apr 27 2015 // Berkshire Hathaway Specialty Insurance Company (BHSI) announced it has received its insurance license to provide all lines of general business in Australia, established operations in Sydney, and named Chris Colahan as...
Apr 23 2015 // Australia’s Insurance companies are sending assessors into storm-ravaged regions of New South Wales to accelerate the claims process.Insurance Council of Australia CEO Rob Whelan said assessors were visiting...
Apr 15 2015 // ACE Group today announced the appointment of Glenn O’Halloran as environmental risk underwriter as it continues to invest in building its environmental liability insurance capabilities in the U.K. and...
Apr 14 2015 // An El Nino may develop by June, according to Australia’s state forecaster, which upgraded its outlook for the weather-altering pattern to Alert.Ocean temperatures in the tropical Pacific Ocean continue to be...
Mar 17 2015 // The chances of an El Nino weather pattern developing this year are increasing as tropical cyclones may lead to further warming of the Pacific Ocean, Australia’s Bureau of Meteorology said.Severe Tropical Cyclone Pam...
Mar 17 2015 // Residents of the main town in the southern Vanuatu island of Tanna appear to have come through the worst of the cyclone that tore through the South Pacific nation with widespread devastation but not the heavy death toll...
Mar 16 2015 // Vanuatu’s government declared a nationwide state of emergency after Cyclone Pam tore through the South Pacific archipelago, leaving at least eight people dead and severing communications with more remote...
Mar 13 2015 // ACE Group has appointed Shaun Oliver to the role of head of casualty (energy and construction), Asia Pacific. The creation of this new role reflects the rapid growth and ongoing demand within this portfolio of business,...
Mar 12 2015 // It’s almost counterintuitive if you think about it.There is far more litigation related to climate change in the U.S. compared with Europe, which is usually considered more progressive on the issue. For an example of...
Mar 9 2015 // A low pressure system off northeastern Australia holds up to a 50 percent chance of intensifying to cyclone strength over the next two days and slamming into a region devastated two weeks ago by Cyclone Marcia, according...
Mar 9 2015 // The Malaysia Airlines flight that went missing one year ago Sunday had an underwater locator beacon whose battery had expired in December 2012, according to an interim report on the incident.Flight 370 was also carrying...
Mar 3 2015 // JLT Australia, a subsidiary of Jardine Lloyd Thompson Group plc, announced it has agreed to acquire 100 percent of the shares of Recovre Group from Hawkesbridge Capital.Recovre is a leading national provider of workplace...
Feb 24 2015 // QBE Insurance Group Ltd., Australia’s second-largest insurer by market value, climbed the most in four years in Sydney stock trading as an improving North American business and lower provisions helped it return to...
Feb 23 2015 // Commodities producers were spared the full wrath of a powerful cyclone that smashed into the east coast of Australia packing winds up to 285 kph (175 mph), but thousands of coastal residents on Monday faced a third day...
Feb 20 2015 // Two severe tropical cyclones that lashed Australia’s north and east coasts with destructive winds have been downgraded after hitting the mainland. No deaths or injuries have been reported in their wake.Cyclone Marcia...
Feb 18 2015 // Insurance Australia Group Ltd. shares slumped the most in six years after the company’s first-half profit declined and missed expectations.The insurer fell 7.5 percent to A$5.91 as of 1:00 p.m. in Sydney, the biggest...