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Path out of lockdown backed by largest insurers

06 September 2021

Allianz, IAG, QBE and Suncorp are among major Australian companies to sign an open letter published in daily newspapers calling for governments to “stay the course” on an agreed pathway out of COVID-19 lockdowns...

Lockdowns add to workplace mental health challenges

06 September 2021

Employees are feeling the emotional toll of lockdowns, with more than two in three struggling to find a balance between work and personal space since the start of the pandemic, according to Allianz Australia...

The Star BI claim set for appeal battle

06 September 2021

The Star Entertainment Group is appealing a Federal Court business interruption decision that found the casino operator was not covered for losses resulting from COVID-19 restrictions...

Insurers urged to reassess investment strategy

06 September 2021

Investment consultancy Frontier Advisors says it is time for general insurers in Australia to consider a change in strategy, by stepping up their focus in other asset classes such as unlisted infrastructure to improve investment returns...

EQC CEO Sid Miller departs

06 September 2021

CEO of New Zealand’s Earthquake Commission (EQC) Sid Miller will vacate the role in March...

West Auckland cleans-up flood damage amid lockdown

06 September 2021

Insurers are working to complete urgent repairs and are moving ahead with claims processes amid tight COVID-19 restrictions following severe flooding that hit West Auckland last week...

Industry achieves $1 billion profit

30 August 2021

The general insurance industry made a net profit after-tax of $1 billion for the year to June 30, according to a regular update from the Australian Prudential Regulation Authority...

Code compliance committee urges brokers to focus on culture

30 August 2021

The percentage of subscribers who self-reported code breaches fell to 44% in the 2020/21 financial year from 51% in the prior period, according to the latest report from the Insurance Brokers Code Compliance Committee...

ICA supports government-funded COVID-19 vaccine scheme

30 August 2021

The Federal Government will fund a COVID-19 vaccine indemnity scheme following consultations with groups including the Insurance Council of Australia, Australian Medical Association and Australian Chamber of Commerce and Industry...

ICA second BI test case set to start next week

30 August 2021

The Insurance Council of Australia second business interruption test case is set to start next Monday in the Federal Court after it was delayed by a week to allow more time to gather information...

Number of Asia-Pacific deals dives to lowest in a decade

30 August 2021

Expectations for a robust half of mergers & acquisitions in the Asia-Pacific region were frustrated during January-June by a high regulatory bar in some jurisdictions, law firm Clyde & Co says, with prospective acquirers facing higher solvency requirements...

South Queensland, north NSW/WA at greatest spring fire risk

30 August 2021

While most of Australia is rated as having normal bushfire potential during spring, the Australasian Fire and Emergency Services Authorities Council warns that residents should be alert as destructive and deadly fires can still occur...

Outlook for buyers more positive: Marsh

23 August 2021

The outlook for Australian insurance buyers is more positive moving into the second half of the year, with a trend of premium increase moderations established in the first half in some areas likely to continue, Marsh says in a mid-year update for the local market...

The Star ponders BI appeal as deadline looms

23 August 2021

The Star Entertainment Group says it is still considering whether it will appeal after it was unsuccessful in court action against insurers over a business interruption claim for losses resulting from COVID-19 restrictions...

Steve Johnston joins ICA board amid changes

23 August 2021

The Insurance Council of Australia says Suncorp CEO Steve Johnston has joined the board while Hollard Holdings Australia MD Richard Enthoven has become Deputy President...

Suncorp flood rebuilding grants open until mid-September

23 August 2021

Suncorp is funding a $200,000 round of grants for communities in NSW and South-East Queensland impacted by severe flooding in March as part of a $1 million initiative to encourage remote, rural and regional communities in Australia to rebuild more resiliently in preparation for future disasters...