07 April 2021
Ardonagh Group, which bought a key stake in Resilium earlier this year, has made its first US acquisition and formed a division to drive international expansion plans in markets including Australia...
07 April 2021
A QBE home insurance policyholder who disputed the insurer’s decision to deny his claim for damage caused by the collapse of a section of his house ceiling after windy weather has lost his complaint...
06 April 2021
Concerns have intensified that insurers may withdraw cover for certain risks due to potential complications arising from the application of unfair contract terms laws to insurance contracts...
06 April 2021
Live performers and festival organisers have issued a fresh appeal for a government-backed business interruption insurance scheme, after last week’s cancellation of the Bluesfest event in Byron Bay dealt a new blow to the virus-hit entertainment sector...
06 April 2021
The Federal Court has found against AIG after the insurer argued the company securities part of its policy didn’t cover class action claims related to the Murray Goulburn dairy group...
06 April 2021
Risk assessment efforts need to be rebalanced to make secondary perils such as severe storms, floods and bushfires a higher priority, Swiss Re’s latest Sigma report warns...
01 April 2021
Apologies to subscribers who received an insuranceNEWS.com.au email this morning inviting them to subscribe. No, it wasn’t an April Fool’s joke, as some of you suggested...
01 April 2021
Auto & General local CEO John Myler has resigned after 15 months in the role and a comprehensive search for his replacement will be conducted in coming months...
01 April 2021
National Insurance Brokers Association CEO Dallas Booth will retire from the role “later this year” after more than a decade...
01 April 2021
Lloyd’s suffered an £887 million loss last year and substantially increased its payout estimate for COVID-related claims...
31 March 2021
General insurance intermediaries invoiced about $14.85 billion of premium in the six months to December 31, up from $13.67 billion in the corresponding period a year earlier, according to figures released today by the prudential regulator...
31 March 2021
Suncorp says net claims costs related to heavy rainfall and flooding across NSW, southeast Queensland and Victoria are likely to reach $230-250 million based on a preliminary assessment of damage...
31 March 2021
The most telling signal for how often a heavy transport vehicle operator is likely to claim, and how costly claims will be, is the condition of the fleet’s tyres, an ambitious study examining ten key truck maintenance requirements concludes...
31 March 2021
The grounding of the massive container ship Ever Given in the Suez Canal provided the central discussion point for this week’s Insurance News podcast...
30 March 2021
The flooding catastrophe in NSW and southeast Queensland will put pressure on insurers’ underwriting results and dampen earnings this year, AM Best says...
30 March 2021
UK-based Ardonagh Group, which this year bought a majority stake in Australian authorised representative network Resilium, has outlined plans to pursue growth opportunities as it builds on acquisitions over the past year...
30 March 2021
Fitch Ratings has warned the reinsurance industry faces a “large loss event” from the blockage in the Suez Canal after the colossal Ever Given container ship ran aground about a week ago, closing access to one of the world’s most vital waterways for global trade...
30 March 2021
A Suncorp business insurance policyholder who made an unsuccessful claim for loss of perishable food stock caused by the COVID lockdown last year, has won a complaint against the insurer...
26 March 2021
Losses from the flooding catastrophe in NSW and southeast Queensland have reached $385 million, the Insurance Council of Australia estimates as improving conditions allow clean-up and support efforts to accelerate...
26 March 2021
Business interruption payments totalling £471.9 million have been made so far to policyholders who have had claims accepted by insurers affected by the recent UK test case decision, the Financial Conduct Authority says...