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  1. ICA begins consultation on Warragamba Dam plan
    The Insurance Council of Australia is undertaking consultation to understand how a proposal to raise the wall of Sydney’s Warragamba Dam by 14 metres could impact upstream areas and Indigenous heritage sites...
    Local | 26 Oct 2020 01:33pm
  2. Rates poised to rise as industry seeks to boost profitability
    Rates globally for insurance covers are set to harden further in the coming months as reinsurers look to adjust prices upwards to shore up earnings, Munich Re has predicted...
    International | 26 Oct 2020 01:31pm
  3. US insurers return $12 billion in COVID premiums
    Nearly $US8.5 billion in premiums have been returned to US property and casualty policyholders in the six months to June 30 because of COVID-19, according to a report by AM Best...
    International | 26 Oct 2020 01:30pm
  4. Munich Re hit with $1.3 billion COVID losses in Q3
    Munich Re has booked €800 million in pandemic-related reinsurance losses for the third quarter to September...
    International | 26 Oct 2020 01:29pm
  5. Axa XL axes two London financial lines
    Axa XL has announced it will no longer write management liability or financial institutions business in the London market...
    International | 26 Oct 2020 01:29pm
  6. Allianz, Axa again in list of high-value global brands
    Allianz and Axa have achieved top 50 placements in Interbrand’s latest global brand rankings for the second consecutive year, appearing alongside such brands as Apple, Amazon and Microsoft...
    International | 26 Oct 2020 01:28pm
  7. Hard to handle: how spiralling premiums are stressing business
    “The insurance market is now to the stage where you will have no choice but to be uninsured. There is simply no market to get a quote in some circumstances.”...
    Analysis | 26 Oct 2020 01:25pm
  8. IAG criticised over pay deal at shareholder meeting
    IAG shareholders, who are also employees, hit out at the insurer’s proposed pay deal as simmering tensions over remuneration conditions spilled into the open at today’s virtual annual general meeting...
    Daily | 23 Oct 2020 04:26pm
  9. QBE appoints Richard Pryce interim CEO
    QBE has appointed Richard Pryce as interim Group CEO while the search continues for a permanent replacement for Pat Regan, who departed suddenly in September following an investigation into his workplace communications...
    Daily | 23 Oct 2020 04:23pm
  10. ASIC Chairman steps aside as expenses probe launched
    Australian Securities and Investments Commission Chairman James Shipton will “stand aside” pending the outcome of a review in relation to relocation expenses paid to him and Deputy Chairman Daniel Crennan...
    Daily | 23 Oct 2020 04:19pm
  11. Insurance House announces key acquisition
    Insurance House has invested in Commercial Insurance Group, based in the south-eastern Sydney suburb of Rockdale as it grows its operations in the region...
    Daily | 23 Oct 2020 03:33pm
  12. Suncorp calls for open borders, resets business
    Suncorp has pressed the case for the reopening of borders to help the economy recover from the impact of the COVID-19 outbreak and says its own program of work to reset its business post-pandemic is well underway...
    Daily | 22 Oct 2020 03:58pm
  13. Look beyond reinsurance to mitigate weather risk, insurers told
    S&P Global Ratings has urged Australian insurers to consider other measures such as government-backed schemes to cope with what is expected to be a worsening claims burden from weather-related disasters as climate change intensifies...
    Daily | 22 Oct 2020 03:43pm
  14. Axa XL pulls out of London management liability market
    Axa XL has announced it will no longer write management liability or financial institutions business in the London market due to persistent profitability concerns, but the decision does not affect Australia...
    Daily | 22 Oct 2020 03:34pm
  15. Holiday rental landlord loses dispute over COVID losses
    A man has lost a dispute with Suncorp after he lodged a claim for lost rental income from cancelled holiday bookings due to COVID-19 pandemic restrictions...
    Daily | 22 Oct 2020 03:23pm
  16. Businesses hit by 'insurance stress' as market hardens
    Australian businesses are increasingly suffering “insurance stress” caused by price spikes, reduced coverage or an inability to secure insurance at all, a new survey has found...
    Daily | 21 Oct 2020 04:07pm
  17. Opal Tower builder gains insurance win
    The builder of Sydney’s Opal Tower has won Federal Court action taken against Liberty Mutual and QBE over insurance claim denials for construction problems at the high-profile development...
    Daily | 21 Oct 2020 04:00pm
  18. Online form confusion sees asbestos roof claim upheld
    Hollard has lost a dispute over a roof damage claim after it was found the online insurance application process didn’t make clear the presence of asbestos needed to be disclosed...
    Daily | 21 Oct 2020 03:57pm
  19. ICA creates Indigenous forum, seeks dam plan feedback
    Insurers are facilitating greater Indigenous engagement with the creation of a new liaison forum and a round of consultation to understand how a proposal to raise the wall of Sydney’s Warragamba dam by 14 metres could impact upstream areas and cultural heritage sites...
    Daily | 21 Oct 2020 03:52pm
  20. ‘Out of excuses’: NIBA slammed for code review delay
    The National Insurance Brokers Association has received sharp criticism for significant hold-ups in reviewing its Insurance Brokers Code of Practice...
    Daily | 20 Oct 2020 04:10pm

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