Australia
AXA XL makes three hires in Perth
                                                                                 
                    
                    The group named Chris McElroy, Amanda Rattue, and Trent Jeuring as senior underwriters.
                
                                
            AXA XL makes three hires in Perth
                                                                                                                 
                            
                            The group named Chris McElroy, Amanda Rattue, and Trent Jeuring as senior underwriters.
                        
                                                
                        
    
                    Mitsui Sumitomo Insurance, Coalition expand cyber insurance in Australia
                                                                                                 
                        
                        Coalition has brought its Active Insurance model to over 1,400 policyholders.
                    
                                        
                    
                Allianz Australia's capital adequacy to remain strong
                                                                                                 
                        
                        Thanks to removal of certain non-life liability adjustments, deferred acquisition cost deductions.
                    
                                        
                    
                Australian insurers urged to adopt nature-positive practices
                                                                                                 
                        
                        In December 2022, over 180 countries adopted the Global Biodiversity Framework.
                    
                                        
                    
                Ardonagh merges PSC’s ANZ operations with Envest
                                                                                                 
                        
                        This makes it one of the top privately owned insurance distribution companies in Australia.
                    
                                        
                    
                Insurance cover rises, yet a quarter of Australians still unprepared
                                                                                                 
                        
                        More than one-third of respondents had a storm action plan in place.
                    
                                        
                    
                IAG slashes jobs after reporting high profits
                                                                                                 
                        
                        IAG said the job cuts are part of a restructuring plan that began in March.
                    
                                        
                    
                Car insurance premiums rise 16% in Australia
                                                                                                 
                        
                        The average car insurance premium across the country is now $1,717.
                    
                                        
                    
                Australia's general insurance premiums rise 5.7% in H1 2024
                                                                                                 
                        
                        The number of intermediaries inched down 1.4%.
                    
                                        
                    
                PSC shareholders vote for Ardonagh merger
                                                                                                 
                        
                        The transaction is expected to close around 11 October.
                    
                                        
                    
                Federal Court rules on IAG business interruption class action
                                                                                                 
                        
                        The court expressed its intent to declass the representative proceeding.
                    
                                        
                    
                Why Australians are at risk of scams due to informal retirement advice
                                                                                                 
                        
                        Older Australians were more likely to seek advice from formal sources.
                    
                                        
                    
                Zurich Australia launches income protection for women’s health
                                                                                                 
                        
                        It will cover conditions such as menopause and endometriosis.
                    
                                        
                    
                Cyclone pool cuts home insurance premiums by 10% in Australia
                                                                                                 
                        
                        Insurance availability increased by 6% for average houses.
                    
                                        
                    
                ICA appoints Suncorp CEO as new chair
                                                                                                 
                        
                        He succeeds Nick Hawkins, who has held the role for two years.
                    
                                        
                    
                CALI supports ban on genetic data in insurance
                                                                                                 
                        
                        The 5-year review will allow the law to adapt to genetic testing.
                    
                                        
                    
                Zurich Financial Services, Mandala unveil first climate risk index for tourism
                                                                                                 
                        
                        Half of Australia’s tourism assets are classified in an elevated risk category.