Latest Australia Headlines
All the headlines from our Australia Topic Page, ordered by recency.
Ironshore International Buys Sydney-Based Savannah Insurance Agency
Mar 28 2016 // Ironshore International has acquired the Savannah Insurance Agency of Sydney, Australia, effective immediately. The Savannah Agency team of underwriters will join Ironshore Australia offices, broadening its regional...
Chubb Appoints P&C Risk Engineering Leadership Team in Asia Pacific
Mar 28 2016 // Chubb has appointed Darren Cantas its head of Risk Engineering for Property and Casualty in Asia Pacific. He will continue to lead the region’s P&C Risk Engineering Services team, comprising 32 risk engineers...
Part from Missing Malaysia Flight 370 Said to Have Been Found off Mozambique
Mar 2 2016 // Investigators probing the 2014 disappearance of Malaysia Airlines Flight 370 are examining an object found on the coast of Mozambique they suspect came from the missing Boeing Co. 777, a person familiar with the...
Fiji’s Strongest-Ever Cyclone Flattens Entire Villages; Death Toll Rises
Feb 22 2016 // The death toll from the strongest tropical cyclone ever to hit Fiji climbed to at least 20 as aerial surveillance of affected areas showed entire villages were obliterated as the Category-5 storm roared across the South...
January Weather Cost Global Economy $4 Billion-Plus: Impact Forecasting
Feb 10 2016 // January winter weather cost more than $4.0 billion of economic impact in the United States and Asia, according to Impact Forecasting, Aon Benfield’s catastrophe model development team, which evaluates the impact of...
Allied World Appoints Herron as VP in Australia Professional Liability Team
Jan 28 2016 // Allied World Assurance Co. Holdings announced that Michael Herron was appointed vice president, Professional Liability – Allied World Global Markets. Based in Sydney, Australia, Herron will be responsible for the growth...
XL Catlin Opens Brisbane Office, Continuing Regional Expansion
Jan 26 2016 // XL Catlin’s insurance segment announced it has opened its third office in Australia, located in Brisbane. The office will be initially staffed by Geoff Still and Steve Rogers covering property & casualty...
BHSI Launches D&O & PI Cover in Australia, Expands Team
Jan 19 2016 // Berkshire Hathaway Specialty Insurance Company (BHSI) has launched four new executive and professional lines policies in Australia and named Sami Jaghbir as senior underwriting manager, Executive & Professional Lines,...
Weather Forecaster Warns La Niña Could Follow on Heels of El Niño
Jan 5 2016 // The El Niño that disrupted weather worldwide last year has peaked. Now forecasters are predicting what may be next for the world’s climate. A number of El Niño-Southern Oscillation indicators suggest that the...
Australia Wildfire Insurance Losses Double to A$53 Million ($38 Million)
Dec 29 2015 // Losses from wildfires that destroyed more than 100 homes along a popular tourist stretch in southeastern Australia more than doubled in two days to A$53 million ($38 million) and are expected to climb further, the...
Arthur J. Gallagher & Co. Acquires Australia’s Strathearn Insurance Brokers
Dec 28 2015 // Arthur J. Gallagher & Co. has acquired 100 percent of the capital stock of Strathearn Insurance Group Pty Ltd., headquartered in Perth, Australia. Terms of the transaction were not disclosed. Founded in 1993,...
Insurance Council of Australia Declares Sydney Storms a Catastrophe
Dec 17 2015 // The Insurance Council of Australia (ICA) has declared a catastrophe after storms struck New South Wales, in particular Sydney’s eastern and southern suburbs. The ICA’s bulletin notes that the “storms...
Australia’s Suncorp Slumps Most Since 2009 on Insurance Margins Warning
Dec 14 2015 // Suncorp Group Ltd., Australia’s largest insurer by market value, plunged the most since 2009 after saying margins in its general insurance business will be hit by storm claims and increased costs due to a weaker...
Investors Assess El Niño Effect on Businesses from Bug Killers to Insurers
Dec 10 2015 // As the El Niño weather phenomenon makes the U.S. Northeast warmer, the Midwest drier, and the South and the West wetter this winter, Eric Marshall, portfolio manager of the $2 billion Hodges Small Cap fund, is not one of...
Allied World Enhances Coverage for UK, Asia and Australia Healthcare Organizations
Dec 9 2015 // Allied World Global Markets has introduced enhanced coverage options for hospitals and other healthcare organizations in the UK, Asia and Australia. “The healthcare landscape is becoming increasingly complex,”...
India Floods Top Aon Benfield/Impact Forecasting’s November Cat Recap
Dec 8 2015 // Impact Forecasting, Aon Benfield’s catastrophe model development team, has issued the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of natural disaster events that occurred...
ACE Makes Future Leadership Appointments for APAC Region
Nov 23 2015 // ACE Ltd. announced key leaders it intends to appoint for the Asia Pacific region of the new Chubb Group’s Overseas General Insurance division, which includes Australia, China, Hong Kong, Indonesia, Korea, Macao,...
Beazley Offers ‘Weather Guard’ in Australia for Weather-Related Revenue Losses
Nov 18 2015 // Specialist insurer Beazley launched in Australia “Weather Guard,” an insurance policy to protect Australian businesses from weather-related revenue shortfalls. Weather Guard covers weather-related perils that...
Talbot Australia Appoints Crisis Management Underwriting Team
Oct 29 2015 // Talbot Underwriting Australia, the Sydney-based branch of Talbot Risk Services Pte Ltd., has established a crisis management practice with the appointment of two leading underwriters to drive growth in specialty lines in...
Berkshire Hathaway Expands in Australia/NZ with Marine, Transport, Logistics
Oct 27 2015 // Berkshire Hathaway Specialty Insurance Company (BHSI) has begun underwriting Marine, Transport & Logistics Liability Insurance in Australia and New Zealand. It has also appointed Barton Phillips, Head of Transport and...
