ASIC details $21 million industry levy estimate
09 July 2024
The insurance industry will pay about $21.332 million in levies to fund the Australian Securities and Investments Commission’s supervision of the sector for last financial year...
Daily
Affordability campaign ramps up as Queensland election looms
09 July 2024
A coalition of consumer and strata owner groups is pressing the Queensland government to address an “escalating crisis of insurance affordability”, as pressure is stepped up before an October election...
Liberty casualty line pioneer calls time on ‘outstanding’ career
09 July 2024
Noel MacCarthy retired last week after 25 years at Liberty Specialty Markets...
Insurer’s sinkhole doubts prove well-founded
09 July 2024
A homeowner who discovered a large pit on his property will not be reimbursed for damage after the hole was found to have been a decommissioned well...
New agency offers financial lines, casualty for small businesses
05 July 2024
Artisan Underwriting will add to insurance options for small businesses when it launches next month with backing from Liberty Specialty Markets...
Industry eyes next wave of reforms after commission laws pass
05 July 2024
The industry is preparing for the next phase of advice reforms after legislation requiring brokers to seek commission consent when providing personal advice to retail clients finally passed yesterday...
Suncorp lifts reinsurance protection as ‘stability returns’
05 July 2024
Suncorp has locked in reinsurance protection for losses up to an increased limit of $6.75 billion, with the overall cost of the program expected to be broadly in line with last year given offsetting changes...
Christmas storms bill climbs to $1.56 billion
05 July 2024
Deadly storms that struck Australia’s east coast in December led to insured losses of $1.56 billion, the largest catastrophe loss of last year, analyst Perils says...
Battery fires pile on the pain for waste operators
04 July 2024
Insurers’ appetite for covering waste and recycling sites has weakened further due to the rise in lithium-ion battery fires in recent years...
Festive fracture proves costly for trampoline maker
04 July 2024
A physiotherapist has won more than $700,000 in damages after breaking his foot jumping on a trampoline...
Insurtech Australia chief to lead expert seminar panel
04 July 2024
Simone Dossetor, the CEO of Insurtech Australia, will chair a panel titled Are We Ready for Insurance 3.0? at an Insurance News seminar in Sydney on August 6...
Strata specialist Flex adds Lloyd’s underwriting capacity
04 July 2024
Residential strata specialist Flex Insurance has entered into a “significant underwriting binder” with a Lloyd’s syndicate for policies with sums insured up to $25 million...
NIBA names broker of the year finalists
03 July 2024
Sixteen finalists are in the running to win the National Insurance Brokers Association broker of the year award...
Flood inquiry to visit Tasmania
03 July 2024
Federal MPs will hold a hearing in northern Tasmania as they continue their inquiry into the insurance industry’s response to the record floods of 2022...
Liberty unveils ‘scientific’ fire and hail cover for orchards, vineyards
03 July 2024
Liberty Specialty Markets has launched a bushfire and hail product for Australian vine and orchard growers...
INsight podcast: insurer code review progresses
03 July 2024
The General Insurance Code Governance Committee's submission to the ongoing code review is the main topic of discussion on the latest episode of the Insurance News podcast...
WTW appoints Aon veteran to lead region
02 July 2024
James Baum has been appointed WTW head of Australia and New Zealand from July 15...
Reinsurance renewals ‘find balance’ as supply rises
02 July 2024
Australian mid-year property catastrophe reinsurance renewals have been described as relatively flat with some price reductions after a reset and more benign conditions, and with global capacity increasing...
Steadfast boosts broker services team
02 July 2024
Steadfast has appointed Kasun Jayaratne to a newly created role in its broker and insurer services division as it moves to expand the business...
Argenta axes Sydney office after review
02 July 2024
Argenta Underwriting Asia’s office in Sydney has been shut, with existing books and future business to be managed from London...