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12 August 2021
Client update - Australian COVID-19 related business interruption losses: Update on Test Case 1 and Star Casino litigation
As we have reported in previous client updates, 2021 will be a busy year for the courts in determining whether business interruption losses relating to COVID-19 are covered under Australian business interruption insurance policies. In June 2021, the High Court denied the insurers’ application for special leave to appeal. The High Court’s decision means that insurers cannot rely on references to the Quarantine Act in policy exclusions as meaning the Biosecurity Act to exclude claims in policies written in the same terms as the policies in Test Case 1.
12 July 2021
Stagnant salaries at the top end of town as remuneration stalls - and falls: Board remuneration report released
Released today, the Aon and Governance Institute of Australia Board and Executive Remuneration Report 2021 found that fewer CEOs received increases in fixed remuneration in the last 12 months (25%, down from 53% the previous year) and for those that did receive a pay rise, the increase was smaller (1.4% pay increase, down from 2% the previous year).
10 June 2021
Client update - Australian business interruption test cases and claims update for COVID-19 related loss
The question of whether business interruption coverage for loss relating to COVID-19 is covered under Australian insurance policies is a live issue that is currently being tested in a number of Australian court proceedings, including two test cases. The test cases are intended to provide policyholders and the insurance industry with clearer direction and guidance required for coverage decisions to be made in response to these claims.
24 May 2021
Strengthening response to weather risk in Australia: agreement announced
Aon has announced a partnership agreement with Catalyst Technologies, helping to strengthen the response to weather climate risk in Australia. Aon will be able to offer clients the opportunity to access a threat intelligence and critical event management platform - iluminr, developed by Catalyst Technologies, which allows organisations to protect its people and business operations by providing early warning alerts, enabling leaders to proactively communicate and resolve emerging climate related threats with speed.
18 May 2021
smartMonday super fund retains AAA Quality rating
smartMonday is pleased to announce its suite of super products has retained its SelectingSuper AAA Quality rating in a recent industry product assessment and following a challenging year for funds in Australia. smartMonday DIRECT, smartMonday PRIME and smartMonday PENSION were assessed and achieved the AAA Quality rating amongst a field of nearly 700 superannuation products.
17 May 2021
Bond University claim 2021 Aon Uni 7s Series crown
Bond University have claimed their first-ever Aon University Sevens Series win, defeating Griffith University 29-7 on home soil in the Gold Medal Final.
17 May 2021
Reimagining volunteering for the future
New official data reveals the severe impact COVID-19 has had on volunteering with nearly one in ten Australians having not returned to volunteering in the past year. This National Volunteer Week (17th – 23rd May), Volunteering Australia is urging Australians to recognise, reconnect and reimagine volunteering, as the national peak leads the way to reinvigorating volunteering.
4 May 2021
Aon launches new model offering greater insight on class action exposure, risk in struggling D&O market
Aon has announced the launch of a new Directors and Officers (D&O) exposure modelling service, the D&O Decoder, that offers unprecedented insight on shareholder class actions to help listed companies navigate the challenging D&O market.
24 March 2021
Australia’s golden girls confirmed ahead of 2021 Aon Uni 7s series
Shannon Parry, Sharni Williams, Vani Pelite and Charlotte Caslick will play alongside the next generation of Australian Sevens stars, as the elite women’s competition takes a new format in 2021, which ensures that fans will have greater access to their Olympic heroes than ever before.
9 March 2021
Aon Uni 7s to take new format in 2021
Australia's premier development pathway for Women's Sevens will take a new format in 2021, with regional pools seeing a more competitive competition in its fourth instalment. Four regional rounds played out in both Queensland and New South Wales across March and April will see teams vie for pole position to qualify for the two final National tournaments in May.
4 February 2021
Aon survey: Prior to COVID-19, a pandemic / health crisis was not a "top 10" risk for 82 per cent of firms globally
Aon today released a global survey, Reprioritizing Risk and Resilience For a Post-COVID-19 Future, finding that COVID-19 has shown that it will be imperative for businesses to reprioritise risk and to innovate and explore new risk management strategies.
4 February 2021
Aon and CancerAid announce new partnership
Aon has today announced a new partnership with CancerAid to support Australian employees and their families affected by a cancer diagnosis. The CancerAid Coach Program provides evidence-based support for employers, delivered via award-winning technology and health coaching, along with organisational training and advice on employee communication, team relations and meaningful return to work.
1 February 2021
2021 Aon Australian Rowing Championships confirmed for Tasmania
Rowing Australia (RA) confirmed that the 2021 Aon Australian Rowing Championships will take place from 22 to 28 March 2021 at Lake Barrington, Tasmania.
20 January 2021
Partnership announced to strengthen Australian business
As one of Business Australia’s partners, Aon will work closely with Business Australia members via a referral service, whereby Aon may offer broking, insurance and other services to small to medium and larger firms across the Australian business community.
19 January 2021
Client Update - Australian and UK business interruption test cases
Aon has published an update on the appeal from the UK High Court’s September 2020 judgement in the FCA Test Case.