Latest Australia Headlines
All the headlines from our Australia Topic Page, ordered by recency.
Insured Losses for Southeast Australia Floods of October 2022 Rise to A$907M: PERILS
Apr 28 2023 // Insured losses for floods that hit Southeast Australia in October 2022 have risen to A$907 million (US$600.2 million), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe...
BMS to Acquire Australian Broker Western United Financial Services
Apr 20 2023 // BMS Group, the London-based independent specialist re/insurance broker, has entered into an agreement to acquire West Australian specialist broker Western United Financial Services (WUFS). The terms of the transaction have...
Western Australia Assesses Damage From Cyclone Ilsa’s ‘Path of Destruction’
Apr 17 2023 // Emergency authorities in Western Australia were assessing damage on Saturday from a tropical cyclone that hit the state’s northwest, sparing heavily populated areas but affecting several remote communities. Ilsa,...
Western Australia’s Iron Ore Export Hub Reopens as Cyclone Moves Inland
Apr 14 2023 // The key iron ore export hub of Port Hedland reopened after the biggest cyclone to hit Western Australia in at least a decade made landfall, with a major gold mine facing destructive winds as the storm moves inland. Port...
Australia’s Iron Ore Export Hub Braces for Powerful Cyclone Ilsa
Apr 13 2023 // Australia’s northwest region, home to the world’s largest iron ore export hub, braced on Thursday for the area’s most powerful tropical cyclone in a decade, as a major port closed and residents rushed to...
Western Australia Could Be Hit by Biggest Cyclone in Almost a Decade
Apr 11 2023 // Western Australia could be hit by the largest cyclone in almost a decade this week, with the weather system predicted to cross the coast near a major export port for iron ore that’s to be cleared of vessels. Tropical...
Australia Is Inadvertently Inviting Cyber Crimewave, Data Theft Victim Service Warns
Apr 5 2023 // An Australian government-backed service for victims of identity theft blasted a plan to toughen privacy laws amid an explosion of online data theft, saying it would spur compromised companies to pay ransom and invite more...
Australia Regulator Questions Benefits of ANZ’s $3.3B Suncorp Buyout
Apr 4 2023 // Australia’s competition regulator said it was unconvinced a planned A$4.9 billion ($3.32 billion) buyout by Australia and New Zealand Banking Group Ltd. of a smaller rival would bring public benefits, in a blow to...
Australia Contractor Downer Faces Class Action Lawsuit for Misreporting on Contract
Apr 3 2023 // Australian contractor Downer said on Monday it faces a shareholder class action for allegedly making some misrepresentations and withholding certain information about a maintenance contract in its domestic utilities...
Regulator Tells Australian Banks to Boost Cyber-Attack Defenses
Mar 28 2023 // Australia’s financial institutions must improve their resilience to cyberattacks, the head of the nation’s banking regulator said Tuesday. A recent review uncovered a “lack of rigor” in the nature...
Australian Lender Latitude’s Shares Slump After Hack Details Emerge
Mar 22 2023 // Latitude Group Holdings Ltd. shares slumped as trading resumed for the Australian personal lender that disclosed details of a hack almost a week ago. The stock lost 16% as of 11:40 a.m. in Sydney trading. Hackers stole...
Australia’s Latitude Group and IPH Hit by Cyber Attacks, Continuing Wave of Hacks
Mar 16 2023 // Digital payments firm Latitude Group Holdings and intellectual property services provider IPH Ltd. reported data breaches on Thursday, joining a host of other Australian firms targeted by hackers in recent months. Some of...
Lockton Launches Affinity Biz in Australia, New Zealand and Pacific, Led by Dasgupta
Feb 20 2023 // Lockton, the world’s largest privately owned insurance brokerage, announced the launch of an Affinity Schemes business in Australia, New Zealand and Pacific. The business will be led by Tanya Dasgupta who recently...
Australia’s Health Care System Prime Target for Cyber Attackers: Minister
Jan 24 2023 // Australia’s hospitals and health care system are at a high risk from cyberattackers targeting citizens’ personal data, the home affairs minister said, adding the country needed to step up its efforts to combat...
BMS Acquires Australian Specialist Austbrokers Coast to Coast
Jan 18 2023 // Global specialty insurance and reinsurance broker BMS reports it has acquired Austbrokers Coast to Coast (C2C), a specialist Australian corporate, business, and retail broker, effective 17 January. BMS is acquiring C2C in...
Australia Proposes Plan to Make Biggest Polluters Slash Emissions
Jan 10 2023 // Australia’s Labor government proposed on Tuesday to make the country’s biggest polluters slash emissions by 30% over the next seven years, with some leeway for trade-exposed industries, such as aluminum and...
Arthur J. Gallagher & Co. Acquires Aviation Insurance Australia
Dec 15 2022 // Arthur J. Gallagher & Co., the global insurance broker, announced the acquisition of Brisbane, Queensland-based Aviation Insurance Australia. Terms of the transaction were not disclosed. Founded in 1993, Aviation...
TPG Telecom Joins Growing List of Australian Companies Hit by Cyber Attacks
Dec 14 2022 // Internet services provider TPG Telecom Ltd. became the latest Australian company to fall victim to a high-profile cyberattack, announcing on Wednesday that the emails of up to 15,000 of its corporate customers had been...
Australia’s Financial Services Firms Failing to Narrow Gender Pay Gap: Report
Dec 12 2022 // Australian employers are failing to narrow the pay gap between men and women, with finance firms among the worst offenders. Females earned 22.8% less than males, the first time that progress has stalled since the...
Data on Natural Disaster Risks Crucial for Australia’s Climate Resilience
Dec 5 2022 // Public data on natural disaster risks for homeowners and businesses will be crucial for making Australia’s economy more resilient to climate change, according to the head of sustainable finance at National Australia...
