The Insurance Business Global 100 winners for 2023 have been announced and we would like to congratulate the following UAC Members on their selection. Voting Members Agile Underwriting - Ben Webster CHU Underwriting Agencies - Kimberley Jonsson NTI - Tony Clark Solution Underwriting Agency - Rhys Mills Business Service Members ANZIIF - Prue Willsford Arteva Funding - Sally Richardson Innovation [...]
UAC is excited to announce the appointment of Jenny Bax, in the role of Chief Executive Officer. Jenny joins Underwriting Agencies Council (UAC) with a wealth of knowledge in the insurance sector, with more than 25 years of insurance industry experience and a proven track record in successfully leading distribution, underwriting and operational teams. Jenny [...]
The Underwriting Agencies Council has four new directors. The new directors, who will each serve for two years, were declared elected at today’s annual general meeting (AGM) in Sydney. They are: Colin Fagen, founder and managing director of Blue Zebra Insurance Simon Lightbody, CEO of Steadfast Underwriting Agencies and Miramar Underwriting Agency (retiring director re-elected) [...]
SE 224 Daily Tally 24 November There has been a 5.7% increase in SE 224 claims overnight to 3,037 total. SE 224 Daily Tally 21 November The claim count for SE 224 rose by 26.5% over the weekend to 2,175. ICA CAT 221 Dashboard (GR) as of Friday 26-October ICA CAT [...]
The debate about whether domestic insurance policies should cover home-based businesses lacks an understanding of how the insurance market operates, says William Legge, General Manager of the Underwriting Agencies Council. “Traditional domestic home insurance policies were not designed to cover businesses operating from home because the risk assessment is different,” Mr Legge said. “Some insurers [...]
Do you know your employer obligations when it comes to Parental Leave? With Mother’s Day happening this week, it is a joyous occasion for many mothers in the workplace to celebrate. For employers, understanding leave obligations can be a challenge, especially regarding your employees’ entitlements. For information on this, download our Factsheet on: Entitlements to [...]
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 that the event is estimated to be Australia’s costliest flood ever. Using actual claims costs from 197,000 claims across both states, the event is estimated to [...]
UAC has moved office, Level 40, 161 Castlereagh Street (ANZ Tower) Sydney. PO Box remains unchanged.
Following the AGM today, the newly elected board and positions are: Chair - Kurt Nilsen Deputy Chair - Emily Walker Treasurer - Trent Brown Company Secretary and Public Officer - Heath Amber Director - Jeanene Hill Director - Anthony Porter Director - Mike Edmonds Director - Simon Lightbody
This article from JP Morgan Securities Australia shared with permission. Victoria was struck by an earthquake that caused damage in Melbourne. Our interpretation of media reports and early estimates of losses suggest that economic losses are likely to be ~US$100m – with insured losses for the whole market likely to be less than the total [...]