Latest Australia Headlines
All the headlines from our Australia Topic Page, ordered by recency.
President Obama Insured Against Attack While in Australia
Nov 17 2011 // This coverage isn’t the U.S. health care law. When President Barack Obama visits Australia’s Northern Territory today, he will be presented with insurance coverage against attack — crocodile attack. The...
Australia Urges Breaking up Doha Round into Smaller Pacts
Nov 10 2011 // Australia wants World Trade Organization members to recognize that reaching a comprehensive deal in decade-old world trade talks has become impossible and to focus instead on a series of smaller pacts, the country’s...
Ironshore Australia Launches Affirmative Defense Cost
Nov 1 2011 // Ironshore Australia has enhanced its professional liability policies for defense cost coverage in response to the recent decision of the High Court of New Zealand. Ironshore Australia insurance solutions are tailored to...
Best Affirms QBE and Subs Ratings; Outlook Stable
Oct 12 2011 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength ratings (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a+” of UK-based QBE Insurance (Europe)...
N.Y.-based U.S. RE Hires Reinsurance Veteran Polkinghorne
Oct 5 2011 // Global reinsurance broker U.S. RE Corp. has appointed reinsurance veteran Scott Polkinghorne as senior vice president. He will be based at the company’s headquarters in Pearl River, N.Y. Polkinghorne is a reinsurance...
Sportscover: Providing Coverage for Sports and Leisure around the World
Oct 3 2011 // Sports and leisure activities are one of the most ubiquitous pass times the world over. Whether you participate, or just watch, virtually no one is far away from some form of sporting activity. It’s why sports, as a...
Aon Benfield: Reinsurers Expected to Pay 2/3 of Australia, NZ Cat Losses
Sep 29 2011 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp, has issued a bulletin indicating that Australian and New Zealand insurers, who were hit with “catastrophic events” in 2010 and...
Aon Benfield Conference Underlines ‘Complexity’ of Catastrophic Events
Sep 22 2011 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp., will urge insureds and insurers to “look at the bigger picture as cat events become more complex,” at its 12th Hazards...
Profits Soar at Australia’s IAG, but Outlook Hits Shares
Aug 25 2011 // Insurance Australia Group, Australia’s top home and car insurer, reported a more than two-fold jump in annual net profit on Thursday but its outlook knocked the shares lower. IAG forecast profit margins of 10-12...
Australia’s Suncorp Profit Falls 42%; Hints at Capital Return
Aug 24 2011 // Australian insurer and bank Suncorp reported a 42 percent fall in annual profit on Wednesday, but still beat forecasts and hinted at a capital return once markets stabilized, sending its shares nearly 7 percent higher. But...
XL Insurance Names Hookings as Australian Environmental Underwriter
Aug 19 2011 // XL Insurance, the global insurance operations of XL Group plc, announced the appointment of Andrew Hookings as Environmental underwriter for Australia. He has over 10 years’ insurance industry experience, most...
Insurance Australia Group to Acquire Stake in China’s Bohai Insurance
Aug 16 2011 // Insurance Australia Group Limited (IAG) announced it has agreed to acquire a 20 percent strategic interest in China’s Bohai Property Insurance Pty Ltd., a general insurer IAG said it would pay RMB687.5 million...
Murdoch’s Bow to Pressure; Will Attend UK Parliament’s Investigation
Jul 14 2011 // Rupert Murdoch on Thursday caved in to pressure from Britain’s parliament to answer questions over alleged crimes at one of his newspapers, setting up a showdown with lawmakers keen to break the media mogul’s...
Ironshore Expands International Presence with Entrance into Australian Market
Jul 13 2011 // Ironshore Inc. has expanded its international platform to the Australian market to provide access to specialty insurance coverages for large, complex corporate risk. David Rogers has been appointed managing director of...
Reinsurance Prices Flat Except in Catastrophe Regions: Aon
Jul 7 2011 // First quarter catastrophes didn’t halt decreases in most U.S. reinsurance renewal programs, except in regions hard hit by significant catastrophe events, according to a report by a leading reinsurance intermediary....
Aon’s International Space Brokers Opens Hong Kong Operation
Jul 5 2011 // Aon Risk Solutions, the global risk management and insurance brokerage business of Aon Corp., announced the Hong Kong opening of its space insurance practice, International Space Brokers (ISB). The bulletin said Craig...
Brit Opens Lloyd’s Service Company in Australia
Jun 1 2011 // Brit Insurance, which is domiciled in the Netherlands and headquartered in London, announced the opening of a new Lloyd’s service company in Sydney, Australia. The bulletin noted that the new facility follows...
Australia Flood, Cyclone Claims Assessments near Completion Says ICA
May 17 2011 // According to a bulletin on its web site, the Insurance Council of Australia has released updated figures on “how the general industry has responded to the enormous task of assessing over 118,000 insurance claims...
Lloyd’s Estimates Losses from Q1 Disasters at $3.8 Billion
May 13 2011 // After careful calculation Lloyd’s has announced its estimated net claims before tax from the earthquakes this year in Japan and New Zealand and the January 2011 floods in Australia. The current net estimates were...
Beazley Remains Confident, Despite Q1 Catastrophes
Apr 25 2011 // The first quarter of 2011 reminded the insurance industry of just how unpredictable natural catastrophes can be. Beazley plc, which is headquartered in Dublin, but whose main activities, are in the Lloyd’s market,...
