Daily

Insurers back light-touch CTP changes for driverless cars

24 January 2019

Insurers are mostly favouring minimum changes to compulsory third party (CTP) schemes in preparation for driverless cars, while WA’s state-owned authority has taken a different stance and says new solutions are needed…

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All change at Marsh as JLT chief takes Leney’s Pacific role

24 January 2019

Marsh and JLT are working through further appointments for the Australian businesses after new roles for Nick Harris and Scott Leney were announced in the wake of a takeover deal set to be completed within months…

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No reprieve for reinsurers in January renewals

24 January 2019

Another tough year looms for reinsurers after the sector failed to achieve significant rate rises in the January renewal season…

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Firing back: ESL Monitor rejects ‘loyalty tax’ attack

23 January 2019

The NSW Emergency Services Levy Insurance Monitor has fired back at the Insurance Council of Australia over its claim that the organisation is exceeding its mandate...

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NZ deal is AUB’s ‘largest acquisition’ yet

23 January 2019

AUB Group has confirmed details of its biggest acquisition to date “in dollar terms” across Australia and New Zealand...

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ICA sets up climate change action group

23 January 2019

The Insurance Council of Australia is stepping up its efforts to manage the impact of climate change on the industry and communities, amid stark warnings...

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Berejiklian drops another shot at ESL reform

22 January 2019

The NSW Government has rejected introducing a property-based levy to fund emergency services if it wins the March election...

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Welcome to 2019: it’s going to be a ‘challenging’ year

22 January 2019

This year will see difficult conditions for many insurance buyers as the market continues to harden and underwriters pull out of certain classes, broking leaders have warned...

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Is standard cover the answer to consumers’ PDS blues?

22 January 2019

A revised and improved standard cover regime could do away with the discredited product disclosure statement, a leading broker advocate says...

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Where the money went: The 10 biggest causes of claims

14 December 2018

Aviation-related claims are the biggest driver of insured losses in Australia, according to an Allianz Global Corporate & Specialty annual report...

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NZ extreme weather losses near historic highs

14 December 2018

New Zealand is counting the mounting cost of extreme weather, with insured losses this year reaching the second-highest total since full-year records began in 1969...

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Crawford names new Australian business chief

14 December 2018

Loss adjuster Crawford & Company has appointed Tim Jarman as President Australia following the promotion of Andrew Bart to a global role.

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EML makes rocky start in NSW workers’ comp role

13 December 2018

EML’s performance as the NSW workers’ compensation scheme agent has been criticised in a statutory review that highlights rising complaints...

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Industry moves: Blue Zebra completes double swoop

13 December 2018

Underwriting agency Blue Zebra has raided QBE and Marsh to appoint two regional managers as it continues to grow...

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Global warming: ‘extreme’ El Nino events looming

13 December 2018

New research shows that climate change will lead to more extreme and frequent El Nino events, which could lead to more severe impacts on Australia...

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QBE is on the right path, say analysts

12 December 2018

QBE’s cost-cutting plan and new reinsurance program have largely received a tick from analysts, but lingering caution remains over the delivery of performance improvements...

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Hayne fallout: NIBA worries brokers could take a hit

12 December 2018

The National Insurance Brokers Association is worried brokers could be caught up in the Hayne royal commission’s final report detailing ways to reform the financial services sector...

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Terror pool loses bid to expand into cyber

12 December 2018

A review of Australia’s terrorism reinsurance pool says the scheme should continue, but has rejected a proposed extension to include cyber terrorism...

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QBE targets $180 million in cost cuts

11 December 2018

QBE is targeting cost savings of $US130 million ($180 million) under a three-year efficiency program announced today...

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Cyclone Owen forecast to reform, threaten Queensland again

11 December 2018

Cyclone Owen may threaten Queensland for a second time and at greater intensity, the Bureau of Meteorology says...

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