Euclid Transactional has appointed Ms Low Wai Ling as senior vice president and tax underwriter, APAC. She is the first tax underwriter based in the APAC region to join Euclid Transactional's global tax insurance team.
Ignyte Insurance has been officially launched as a specialty insurance platform dedicated to acquiring, scaling and accelerating high-performing insurance brands in niche markets around the world, including Australia.
Australians shun social media and turn to market research and financial advisers for investment information and education, a new survey from HSBC Australia reveals.
While 82.9% of Australian air passengers do buy travel insurance, 43.9% did not lodge claims for lost bags, according to the findings of a survey released by Compare the Market, a price comparison website. The survey also found that 8.3% were reimbursed whereas 30.7% were not.
Australian general insurers, after a 5-year low, have witnessed a surge in their profits in 2024, buoyed by lower Nat CAT losses and higher investment returns.
Hannover Life Re of Australasia (HLR Aus), a unit of Hannover Re, has agreed to acquire the Australian direct life insurance portfolio from Swiss Re Life & Health Australia, operating under the iptiQ brand.
Canopius has appointed Mr Andrew Ziolkowski as the new head of Australia and New Zealand, effective October 2025 and Mr Craig Elliot as head of distribution for Australia and New Zealand.
The National Anti-Scam Centre's latest Targeting Scams Report found scam losses reported to organisations fell by 25.9% to $2bn in 2024, showing the efforts by government, industry, law enforcement and community organisations are reducing the financial impact of scams on Australians.
Japanese life insurer Dai-ichi Life Holdings Inc. will take a 15.1% stake in an Australian life insurer Challenger.
The Insurance Council of Australia (ICA) has said that it welcomes an announcement by the Liberal-National Coalition to boost economic growth, reduce the cost of red tape on financial services businesses, and position Australia as a leading financial centre for the region.