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Updated data shows 2022 flood was Australia’s costliest

May 3, 2022 – The Insurance Council of Australia (ICA) today provided updated data on the storms and floods that impacted South-East Queensland and coastal New South Wales in February and March, showing...

WTW adds cyber security expert in Brisbane

Shared by Alex Hodges from insurancenews.com.au WTW has appointed Rob Wiggan as Cyber Security Consultant within its Australasia Financial Lines team. Brisbane-based Mr Wiggan has more than 30 years’...

Steadfast profit boosted by brokers, agencies

Steadfast has reported a strong increase in earnings as its broking and agency businesses benefited from pricing conditions and acquisitions contributed to revenues. Net profit was $143 million compared...

Steadfast buys Coverforce after competitive process

Steadfast says its acquisition of Coverforce for $411.5 million follows a competitive process run by an investment bank that attracted strong interest. “Our information is that it was very well considered...

Cyclone pool 'should be extended to all Australian perils'

June 28, 2021 – Queensland-based RACQ says the scope of the proposed cyclone reinsurance pool announced by the Federal Government should be extended to all major natural perils across the country. RACQ...

Headlines & Bits of Interest – 25 February 2021

Yellowstone River in Winter The world at a glance Australia – ICA announces launch of second business interruption test case. Federal Court of Australia proceedings have commenced to test...

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