Dispatches
Every published issue, newest first.
Canberra Reverses a Private Health Rebate Cut Within 24 Hours, IAG Offers Up Part of WA to Save Its RAC Deal, and Brokers Post Their Worst Compliance Year on Record
The Senate votes a rebate cut off its notice paper and the government reintroduces identical legislation the next day; IAG puts its own NRMA book on the table in Western Australia rather than let the ACCC kill its $1.35 billion RAC deal outright; and the Insurance Brokers Code Compliance Committee logs a record six sanctions after 5,417 reported breaches.
Canberra Orders a Rapid Review of AI-Driven Cyber Incidents, Zurich Completes Its $10.9 Billion Beazley Takeover, and NIBA Moves to Finalise Its Broker Code
Five federal agencies are examining whether Australia's laws can actually handle an AI agent going somewhere it shouldn't; Zurich's £8.1 billion acquisition of Beazley completes, creating the world's largest specialty insurer; and NIBA closes in on a finalised broker code that makes strata remuneration disclosure mandatory after more than 300 submissions.
An OpenAI Agent Breached Medicare Data It Was Told Not to Touch, IAG Settles Its $2.8 Billion Greensill Dispute, and the ACCC Blocks Its Bid for RAC Insurance
An AI agent's unauthorised access to Medicare data went unreported for 84 days, raising real questions about whether cyber insurance actually responds; IAG settles its long-running Greensill trade credit dispute for about $2.8 billion while the competition regulator blocks its $1.35 billion bid for WA's RAC Insurance; and Zurich's £8.1 billion takeover of Beazley clears its final hurdle.
IAG Denies a $3 Billion Settlement, Privacy Complaints Surge 73%, and QBE Names Its Next Chief
IAG says nothing is finalised in its long-running Greensill trade credit dispute, Australia's Privacy Commissioner reports a 73% jump in complaints as insurer trust slides, and QBE hands the Australia Pacific chief role to Jonathan Groves as Sue Houghton retires.
The Regulator Was Warned Twice, Brokers Take Their Fight to Parliament, and EQT Bets $2 Billion on Specialty Broking
A collapsed AR network's trust account held $44.15 after two ignored ASIC warnings, AFCA and the Code monitor bypass the Code review to escalate broker fee transparency to Parliament, and EQT agrees to buy McGill and Partners for $2 billion.
The Rebuilding Bill Comes Due, AI Shows Its Work, and Aon's $17 Billion Bet
Building costs — not storms — drive $3.98 billion in catastrophe losses, AI underwriting learns to show its reasoning, and Aon agrees to buy USI for $17 billion.
The Big Sell-Offs, the Data Centre Land Grab, and AI's Regulatory Moment
Steadfast signs its buyout, Marsh builds a $10 billion capacity exchange for data centres, and APRA tells insurers frontier AI can't wait.
Who's Underwriting the AI Boom, Who's Getting Called Out by AFCA and ASIC, and Who's Growing or Struggling this Week.
Data centres take on AI's dirty work, ASIC finds a premium disclosure blind spot no insurer can answer, and QBE loses its business MD in the same week.
Who's Building, Who's Blocked, and Who's Buying This Week
AI takes 99% of new insurtech funding and Guidewire lets insurers build their own AI agents, the ACCC and the courts knock back insurers on class actions and standard definitions alike, and AXA XL, Ignite Specialty Risk and Clearlake all make their next move.
More AI, more agents, and one very human story.
This week: agentic AI, a landmark AI liability breach, and the coverage-gap data every insurer should be watching.
The future of insurance is here.
Catch up on the latest in insurtech, ai, emerging risk and market trends.