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‘Unachievable scale’: Tasmania drops state insurer plan

Mon, 18 May 2026 04:59:13 GMT

The Tasmanian government has scrapped an election promise to set up a state-backed insurer after an independent expert branded it “an aspiration with high risk, high cost and low chance of delivering”...

ASIC home cover comparator visited less than 25 times a day

Mon, 18 May 2026 04:58:59 GMT

The Australian Securities and Investments Commission’s north Queensland home and contents comparison website is being viewed fewer than 25 times a day on average, according to statistics released to insuranceNEWS.com.au...

Gulf conflict to prolong inflationary pressure: Hawkins

Mon, 18 May 2026 04:58:47 GMT

IAG CEO Nick Hawkins says the Middle East conflict has added to inflationary pressure, especially in property lines...

Sports agency joins Miramar

Mon, 18 May 2026 04:57:52 GMT

Miramar says Sports Underwriting Australia has joined the group as part of its specialty lines unit led by GM Jason Thoroughgood...

Swiss Re hunts for new country chief

Mon, 18 May 2026 04:57:46 GMT

Swiss Re is searching for a new Australian and New Zealand CEO after Trent Thomson was promoted to a global role...

Underwriting agency Angel spreads its wings

Mon, 18 May 2026 04:56:58 GMT

New agency Angel Underwriting says it is focused on speed, technology and broker service...

Bushfire fund to help house underinsured victims

Mon, 18 May 2026 04:48:36 GMT

A joint federal and Victorian government package will provide an extra $37 million to support people affected by bushfires in January...

Eastern states move to ‘take down crime gangs’

Mon, 18 May 2026 04:48:12 GMT

NSW is introducing new offences and penalties for public shootings, firebombings, vehicle arson and recruitment of teenagers by organised criminals...

Queensland expands flood mitigation grants

Mon, 18 May 2026 04:48:00 GMT

More Queensland homeowners will have access to funds to protect their properties against flooding under a new arrangement between the state and federal governments...

ANZIIF chief highlights federal budget ‘limitations’

Mon, 18 May 2026 04:44:21 GMT

Australian and New Zealand Institute of Insurance and Finance CEO Katrina Shanks says there were “some tangible wins” in the federal budget – but its “limitations are just as important”...

Libs flag ‘new tax’ fears over state ESL removal

Mon, 18 May 2026 04:43:04 GMT

NSW shadow treasurer Scott Farlow says the opposition is “very concerned” about the planned removal of the state’s emergency services levy...

Yachting ‘danger’ decision turns the tide on liability

Mon, 18 May 2026 04:42:44 GMT

Yacht racing may seem high-risk but injuries are so rare the sport does not qualify as a “dangerous recreational activity”, a court has found – in a decision lawyers say “reshapes the landscape of liability” around similar pursuits...

Insurers to visit fire-hit Victorians

Mon, 18 May 2026 04:42:33 GMT

The Insurance Council of Australia will hold consultation sessions for Victorians affected by bushfires earlier this year...

Landslides top claims to NZ hazards commission

Mon, 18 May 2026 04:42:23 GMT

Recent storms in New Zealand have led to an increase in claims for landslide damage, which has become the leading cause of Natural Hazards Commission cases...

Lloyd’s warns rates easing fast after ‘brutal’ Q1

Mon, 18 May 2026 04:41:49 GMT

Lloyd’s chief of performance and strategy Rachel Turk has called for discipline and a focus on premium adequacy as rate drops accelerate...

Allianz reports record first-quarter P&C profit

Mon, 18 May 2026 04:41:41 GMT

Allianz delivered a 6.6% increase in profit to €4.5 billion ($7.27 billion) in the first quarter, driven by strong results in property and casualty and its asset management division...

Alternative reinsurance capital here to stay

Mon, 18 May 2026 04:41:33 GMT

Alternative capital sources such as catastrophe bonds and sidecars are reshaping global reinsurance and now account for almost 20% of the market, according to Guy Carpenter...

Zurich reports strong start to year

Mon, 18 May 2026 04:41:26 GMT

Zurich’s gross written premium from property and casualty business rose 17% in the first quarter to $US15.6 billion ($21.5 billion)...

Talanx secures record profit as cat losses drop

Mon, 18 May 2026 04:41:15 GMT

Talanx made a record quarterly net income of €774 million ($1.25 billion) in the three months to March, up 28% year on year...

New Axa team focuses on threat prevention

Mon, 18 May 2026 04:41:03 GMT

Axa XL has launched a business unit for prevention services, led by global chief underwriting officer Libby Benet...