Latest Australia Headlines
All the headlines from our Australia Topic Page, ordered by recency.
People Moves: QBE Germany Appoints 2 Marine U/Ws; BHSI Names Jaghbir as Underwriting Manager in Queensland, Australia
Oct 25 2023 // This edition of International People Moves details appointments at QBE Germany and Berkshire Hathaway Specialty Insurance (BHSI). A summary of these new hires follows here. QBE Germany Appoints 2 Marine U/Ws QBE Germany...
People Moves: Lockton Taps Aon Veteran Guffanti as Head of Continental Europe; Markel Australia Appoints Rogers From AXA XL as Head of Queensland
Oct 19 2023 // This edition of International People Moves details appointments at Lockton in London and Markel Australia. A summary of these new hires follows here. Lockton Taps Aon Veteran Guffanti as Head of Continental Europe Lockton,...
Virgin Australia Finds Second Bogus Jet Part With Fake Certificate
Sep 20 2023 // Virgin Australia Airlines Pty found a second suspected unapproved plane part from obscure UK supplier AOG Technics Ltd., as the industry continues to hunt down bogus components that have spread across the global fleet. The...
Australia’s New Hope to Ramp Up Coal Output, Sees Modest Insurance Premium Hikes
Sep 19 2023 // Australian miner New Hope Group’sCEO Rob Bishop said on Tuesday plans are progressing to double output over the next three years to meet an expected surge in demand for coal-fired power, after reporting a nearly 11%...
Shell Says Australian Unit BG Group Hit by MOVEit Cybersecurity Breach
Sep 15 2023 // Shell said on Friday that it had identified a cybersecurity incident involving some employees at BG Group in Australia, the latest company to be hit by the MOVEit hack. Several businesses globally have reported...
Markel Opens 3 Offices in Australia, Hires Morison From AXA XL as Managing Director
Sep 14 2023 // Markel, the insurance operation within Markel Group Inc., announced it is has hired an in-country leader for Australia and will open three new offices there in September 2023. These offices, in Sydney, Melbourne and...
Australia Settles Lawsuit Over Climate-Related Systemic Risks to Sovereign Bonds
Aug 31 2023 // The Australian government has agreed to settle a class action lawsuit which alleged it had failed to disclose climate change-related risks to investors in the country’s sovereign bonds, court filings showed. The...
El Niño Likely to Develop Between Sept and Nov, Australian Weather Bureau Says
Aug 29 2023 // Australia’s weather bureau said on Tuesday that sea surface temperatures in the tropical Pacific were rising and an El Niño weather event, which typically brings hotter, drier weather, would likely develop between...
El Niño Expected Between September and November: Australian Weather Bureau
Aug 15 2023 // Australia’s weather bureau said on Tuesday the El Niño weather event, associated with hotter, drier weather, was likely to hit during the southern hemisphere spring, between September and November. El Niño,...
Australia’s Climate Risks Are Making Home Insurance Unaffordable
Aug 14 2023 // Australian home insurance premiums jumped the most in two decades in the past year, driven by weather catastrophes and higher building costs, new research showed. Median home insurance premiums surged 28% to A$1,894...
Australia Cracks Down on Promoters of Dodgy Tax Schemes After PwC Leak Scandal
Aug 7 2023 // Australia will drastically toughen penalties against promoters of dodgy tax schemes and beef up regulatory powers under reforms announced on Sunday in response to a scandal over the use of leaked fiscal plans by PwC...
Australia Fines Facebook Owner Meta $14M for Failure to Disclose Data Collection
Jul 26 2023 // An Australian court ordered Facebook owner Meta Platforms to pay fines totaling A$20 million ($14 million) for collecting user data through a smartphone application advertised as a way to protect privacy without disclosing...
Australia’s Fortescue Hit by Cyber Attack That Disclosed Some Network Data
Jul 19 2023 // Fortescue Metals Group Ltd. said it had been subject to a cyber attack that resulted in “the disclosure of a small portion of data from our networks.” The world’s fourth-largest iron ore exporter...
Tesla Sues Australia’s Cap-XX Over EV Battery Technology Patents
Jul 18 2023 // Tesla sued Australian company Cap-XX in Texas federal court on Friday, claiming its supercapacitors used for storing energy in electric-vehicle batteries infringe two U.S. patents owned by a Tesla subsidiary. Tesla CEO...
BMS Group Acquires Australia’s Bluebook Insurance Brokers
Jul 5 2023 // BMS Group, the London-based independent specialist re/insurance broker, has entered into an agreement to acquire Brisbane-based specialty broker Bluebook Insurance Brokers. The deal is the sixth Australian acquisition by...
Australia Regulator Tells Medibank to Set Aside $167M After Major Cyber Attack
Jun 27 2023 // Australia’s banking regulator told insurer Medibank on Tuesday it would have to set aside A$250 million ($167 million) in extra capital, citing weaknesses identified in its information security after a major hacking...
PwC Australia Asset Sale Unlikely to Repair Firm’s Tarnished Reputation: Experts
Jun 27 2023 // PwC Australia’s sale of its government consulting business may give it temporary respite from a crisis in its tax practice but is unlikely to repair its toxic brand in the country anytime soon, according to...
Private Equity Firm TA Associates Weighs Sale of Australian Insurance Broker Honan
Jun 14 2023 // Private equity firm TA Associates is exploring a sale of its stake in Australian insurance broker Honan Insurance Group Pty amid interest from other potential investors, according to people familiar with the matter. TA is...
Arthur J. Gallagher & Co. Acquires Australia’s Mavco Insurance Group
May 16 2023 // Arthur J. Gallagher & Co. announced the acquisition of Perth, Western Australia-based Mavco Insurance Group. Terms of the transaction were not disclosed. Mavco is a general insurance broker and risk management firm...
BMS Group Acquires Australian MGA GARD Insurance
May 2 2023 // BMS Group, the London-based independent specialist re/insurance broker, has acquired the Australian managing general agent GARD Insurance Pty Ltd., which includes ALE underwriting. The terms of the transaction have not...
