Keep up with the latest insurance news in our weekly round-up…

Insured bushfire losses jump to $645m in Australia

Re/insurance industry losses from the catastrophic bushfires still burning through southeastern Australia continue to increase, with the Insurance Council of Australia (ICA) now estimating total insured losses at US $645 million.

Insurance group reveals Lloyd’s of London exit

Neon Underwriting will see the start of a new decade as the managing agency’s end, as it becomes the latest Lloyd’s of London insurer to be placed into run-off.