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Australian fires could cost £226m

The bush fires which swept through a number of states in Australia killing 200 people could cost insurers A$500m (£226m), Guy Carpenter has said in a report.

According to the reinsurance broker, 20 fires still burn in Victoria. Over the weekend, firefighters had to battle upwards of 400 bushfires in New South Wales, South Australia and Victoria.

At least

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Is it third time lucky for Axa as it merges divisions again?

Content Director’s View: With Axa UK and Ireland combining its personal and commercial businesses into one, Jonathan Swift reflects on why insurers often oscillate between splitting and merging these divisions, and what led the insurer to believe this latest move will pay off now despite similar attempts in 2005 and 2016.

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