Gallagher-SRS lawsuit settled out of court 19 July 2019 The legal dispute between six former owners of the SRS underwriting agency and major broker Gallagher has been settled out of court... Read More...
QBE takes $85 million hit from UK rate change 19 July 2019 QBE has warned a smaller-than-expected change in the interest rate used in UK personal injury calculations will have a $US60 million ($85 million) impact on claims liabilities... Read More...
Property, liability rates on the rise 19 July 2019 Catastrophe-exposed property premiums in Australia are rising 10-20% while general liability rates are also increasing strongly in some parts of the market, Willis Towers Watson’s July update says... Read More...
‘Storm-chasers’ blamed for spike in post-storm claims 15 July 2019 RACQ Insurance’s payouts for damage from a hailstorm in Gympie may reach $50 million – 50% more than was expected – as a result of opportunistic “storm-chasers”... Read More...
RACQ Insurance CEO departs 15 July 2019 RACQ Insurance is searching for a new CEO following the resignation of John Myler last month... Read More...
ICA joins fresh call for building reforms 15 July 2019 The Insurance Council of Australia and four other industry bodies have today issued a joint call on the Federal Government to take a lead on reforming the troubled building industry... Read More...
RBNZ throws spanner in works for AMP Life sale 15 July 2019 The Reserve Bank of New Zealand has effectively killed the sale of AMP Life to Resolution Life in its current form, after AMP failed to meet necessary preconditions... Read More...
Dive-In seeks greater impact 15 July 2019 Lloyd’s global Dive In Festival aims to have a greater impact on the industry’s approach to diversity and inclusion, as it enters its fifth year... Read More...
‘Reimagined’ Lloyd’s platform takes shape 15 July 2019 Lloyd’s is working “in earnest” on building and delivering prototypes as it revamps how it does business after six radical initiatives met enthusiastic global feedback... Read More...
All set for the fifth festival of diversity and inclusion 15 July 2019 For the past five years Lloyd’s has been at the forefront of promoting diversity and inclusion in the insurance industry, globally and in Australia... Read More...