Latest Australia Headlines
All the headlines from our Australia Topic Page, ordered by recency.
Markets/Coverages: Coalition Enters Excess Cyber Insurance Market in Australia
May 15 2024 // Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced it entered the excess cyber insurance market in Australia, enabling businesses to add a layer of risk management to their...
Everest Insurance Launches in Australia, Expanding Its Asia-Pacific Business
May 14 2024 // Everest launched its Australian Insurance operations after receiving approval from the Australian Prudential Regulation Authority. The business will operate under the name Everest Insurance Australia with offices in Sydney...
Ardonagh to Acquire Australia’s PSC Insurance Group for A$2.3 Billion
May 8 2024 // Ardonagh Group, the London-based independent insurance distribution platform, announced it has agreed to acquire Australia’s PSC Insurance Group Ltd., in a deal valued at A$2.3 billion (US$1.5 billion). PSC is a...
Australia’s Qantas to Pay $79M to Settle Flight Cancellation Case
May 7 2024 // Australia’s Qantas Airways agreed to pay A$120 million ($79 million) to settle a regulator lawsuit over the sale of thousands of tickets on already canceled flights, in an attempt to end a reputational crisis that...
Arthur J. Gallagher & Co. Buys Health Insurance Consultants Australia
May 6 2024 // Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-based broker, announced the acquisition of Melbourne, Victoria-based Health Insurance Consultants Australia (HICA). Terms of the transaction were not...
Musk Decries Australian Court ‘Censorship’ of Terror Posts on X
Apr 23 2024 // Elon Musk lashed out at Australia’s prime minister on Tuesday after a court ordered his social media company X take down footage of an alleged terrorist attack in Sydney, and said the ruling meant any country could...
Arthur J. Gallagher & Co. Acquires Australia’s Prasidium Credit Insurance
Apr 23 2024 // Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-based broker, announced the acquisition of Australia’s Prasidium Credit Insurance. Terms of the transaction were not disclosed. North Sydney-based...
CFC Acquires Solution Underwriting in Australia
Apr 18 2024 // CFC, the London-based specialist insurer, announced it has agreed to acquire Australian managing general agent, Solution Underwriting. Financial details of the deal, which is expected to complete on April 30, 2024, were...
Australia’s Weather Bureau Says El Niño Has Ended, Unsure About La Niña Formation
Apr 16 2024 // An El Niño weather event has ended, Australian weather authorities said on Tuesday, adding that they were uncertain if a La Niña phenomenon would form later this year, as other forecasters have predicted. The cycle...
Uber Pays Australian Taxi Drivers $178 Million in Settlement
Mar 18 2024 // Uber agreed to pay A$271.8 million ($178 million) to compensate thousands of taxi drivers in Australia who claimed they lost income when the ride-share company entered the local market. Uber Technologies Inc. settled the...
Australia Warns of Critical Financial Risks to Insurers and Banks From Climate Change
Mar 12 2024 // Australia’s worsening climate change may see insurance companies and banks withdraw their services from communities vulnerable to extreme events, potentially triggering “cascading effects” across the...
Infernos Rage From Texas to Australia as Wildfire Season Kicks Off Early
Mar 4 2024 // After a year of deadly wildfires around the globe, the world is burning again from Texas to Australia — and in some regions, the blazes are igniting early. Canada’s Alberta province said last month that wildfire...
Australian Iron Ore Port Starts Clearing Ships Ahead of Cyclone
Feb 22 2024 // A major port on Australia’s west coast used by Rio Tinto Group to export iron ore has started clearing ships from the harbor ahead of a cyclone that’s expected to form early Friday. All port anchorages are...
Powerful Winds Cause Destruction, Spark Wildfires in Australia’s State of Victoria
Feb 15 2024 // Powerful winds have killed a man and brought widespread destruction across Australia’s second-most populous state, leaving 530,000 homes and businesses without power and fanning fires that razed homes and injured...
Australia Braces for More Wild Weather in Wake of Ex-Tropical Cyclone Kirrily
Jan 26 2024 // Ex-Tropical Cyclone Kirrily has uprooted trees and felled powerlines in Australia’s Queensland state, leaving tens of thousands without electricity or phone service as the state braces for further wild weather into...
Cyclone Kirrily Makes Landfall in Australia as Severe Storm
Jan 25 2024 // Australia is being lashed by damaging winds and heavy rainfall as Severe Tropical Cyclone Kirrily makes landfall, the biggest system to hit the Queensland coast in almost five years. Kirrily is crossing near Townsville as...
Australia Imposes Sanctions on Russian Citizen Over Hack of Insurer Medibank
Jan 23 2024 // Australia imposed cybersecurity sanctions for the first time on a Russian hacker over his role in the breach of healthcare insurer Medibank Private Ltd. that exposed the sensitive private data of millions of...
Two Australian Resource-Rich Regions Brace for Potentially Destructive Storms
Jan 22 2024 // Two Australian resource-rich regions are bracing for potentially damaging storms that could lead to flooding, the latest threats after months of extreme weather events. A tropical low developing in the Coral Sea off...
Cyclone Forming Near Australia’s Coast May Have ‘Severe Impact’
Jan 19 2024 // Australia’s resource-rich Queensland state is bracing for its second tropical cyclone in a little more than a month, with a storm off the coast expected to strengthen during the weekend. A tropical low developing in...
Australia’s Usual Summer of Wildfires Is Now Being Soaked by Prolonged Wet Weather
Jan 12 2024 // Australians bracing for a return of scorching heat and wildfires are instead battling a prolonged deluge of rain across the country’s east that’s inundated homes and damaged crops from sugar to wheat. Vast...
