All the headlines from our Australia Topic Page, ordered by recency.
Oct 8 2024 // Australia is likely to see an above average number of severe tropical cyclones this season, according to the nation’s weather agency, which have the potential to damage crops and flood mining operations.The...
Sep 26 2024 // The Ardonagh Group, the London-based independent insurance distribution platform, announced that PSC Insurance Group Ltd.’s shareholders voted in favor of its proposed acquisition.The transaction, which is valued at...
Sep 25 2024 // Australia’s federal court has fined Vanguard Investments Australia Ltd. A$12.9 million ($8.9 million) for making misleading claims about a fund, the highest penalty issued in the country so far over greenwashing.In...
Sep 16 2024 // Elon Musk, owner of social media platform X, on Friday [Sept. 13] called Australia’s center-left government “fascists” over proposed legislation to slap fines on social media firms for failing to prevent...
Aug 30 2024 // Agile Underwriting Services, the Sydney, Australia-based insurtech, managing general agent, and Lloyd’s coverholder, has launched a unit in New Zealand, which Agile described as the first of its kind for a...
Aug 26 2024 // Home insurance is becoming unaffordable for a growing number of Australian households as increased climate threats drive up their premiums, potentially putting billions of dollars in mortgage loans at risk, a report said...
Aug 22 2024 // Australia is facing elevated wildfire risks months ahead of the summer fire season, as an unusually warm winter scorches parts of the continent and threatens to set temperature records.Heat is forecast to bake vast areas...
Aug 21 2024 // Insurance Australia Group said on Wednesday it expects premiums to keep rising because of a huge jump in loss claims and third-party costs for home and automobile repairs, sending its shares more than 3% lower.IAG said the...
Aug 12 2024 // The risks from the growing number of natural disasters offer Australia’s largest pension funds a chance to boost returns.Colonial First State, one of the nation’s biggest pension and wealth managers, is looking...
Aug 9 2024 // Australia’s QBE Insurance Group on Friday reported a more than twofold jump in its first-half profit, boosted by higher income from premiums, but missed analysts’ view, sending its shares to over a six months...
Jul 30 2024 // Australia’s plans to introduce stringent rules on climate disclosures are driving up concerns among businesses about compliance in one of the world’s biggest per-capita emitters.More than 6,000 companies...
Jul 18 2024 // This edition of International People Moves details appointments at Liberty Mutual Re and H.W. Kaufman Group London.A summary of these new hires follows here. Liberty Mutual Re Taps Aon’s De La Mare to Lead...
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....