Category: Australia & NZ

Disaster costs set to sky rocket

A new report released by the Australian Business Roundtable for Disaster Resilience and Safer Communities has found that total costs linked to natural disasters in Australia are forecast to more than double in real terms per...

Kaplan launches cyber education library

Kaplan Professional has announced the launch of a dedicated cyber security library to help educate brokers on their cyber risk. The library has been developed with changes to the Privacy Act looming in February 2018 which will...

Farmer dies after off road ute tips

A man in his early 70s has died after the rough terrain utility vehicle he was driving tipped over at a sheep property at Bonnie Doon. It is believed the man was driving up a steep incline when the vehicle slipped and tipped...

Tower starts $64 million capital-raising

20 November 2017 New Zealand insurer Tower has reported an $NZ8 million ($7.3 million) loss for last financial year, as the Canterbury earthquake legacy continued to hit results and more recent natural disasters took a toll. The...

Steadfast’s Kelly joins Johns Lyng board

20 November 2017 Insurance building and restoration services company Johns Lyng Group has appointed Steadfast CEO Robert Kelly to the board. Johns Lyng, which debuted on the Australian Securities Exchange on October 26, says Mr...

CFO set to depart from AUB

20 November 2017 AUB Group CFO Jodie Blackledge has resigned to pursue career opportunities “outside the insurance industry”. Ms Blackledge was appointed in 2015 following the retirement of Steve Rouvray, having...

Gallagher puts Oatway in placement role

20 November 2017 Gallagher has created a specialist role focused on placing niche risks and supporting distressed accounts, in response to the “hardening market cycle across a number of insurance classes”. MD of...

Chubb shakes up distribution leadership

20 November 2017 Scott Simpson has been promoted to Head of State Distribution at Chubb Australia, under a new structure designed to enhance consistency and collaboration in the distribution network. He will lead the National...

Industry premium climbs to $45 billion

20 November 2017 General insurers recorded gross earned premium of $45.3 billion for the year to September 30, according to the latest Australian Prudential Regulation Authority statistics. This was a slight increase on the...

Profits on rise as cycle turns: KPMG

20 November 2017 Insurance industry profits may be on course for a sustained improvement after surging 25% to $4.95 billion last financial year, according to a KPMG report. Gross written premium (GWP) increased 5% to $42.97...

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