Australian utilities and agriculture are among the most exposed sectors if El Niño emerges. And as sea-surface temperatures in the central tropical Pacific continue to warm, the country's Bureau of Meteorology (BOM) says El Niño is becoming more likely.
Ignite Specialty Risk, a specialist provider of specialty risk insurance, has established its Australian operations.
Drivers aged 65 and above were involved in the highest number of motor insurance claims in Australia during 2025, according to the latest AAMI Crash Index, highlighting differing claims trends across age groups and regions.
The decision by the federal government to cut the rebates on private health insurance premiums for around 4.4m older Australians from 1 April 2027 has spurred resentment among the affected population, according to a new opinion poll.
Swiss Re has appointed Mr Benjamin "Ben" Savill as CEO Australia and New Zealand, effective 1 October 2026, and subject to regulatory approval.
Markel Insurance, the insurance operations within Markel Group, has appointed Mr Abbas Choker as CFO, APAC.
The Insurance Council of Australia (ICA) has called for stronger collaboration between governments and insurers amid rising insurance costs, growing disaster risks, and the need to improve customer outcomes.
The Motor Trades Association of Australia (MTAA) has urged the Australian Competition and Consumer Commission (ACCC) to reject Insurance Australia Group's (IAG) proposed remedy package for its acquisition of RAC Insurance, arguing that the commitments fail to address the structural competition concerns identified by the regulator. MTAA said the deal should not proceed, warning that it would further accelerate consolidation across Australia's insurance and vehicle repair markets.
While insurers in APAC remain resilient to Nat CAT due to sound risk and capital support, it does not mean that they are not being tested on other fronts.
Allianz Trade has appointed Mr Daf Owen as Regional Surety Business Development Director for APAC, effective 1 August 2026.