Wed, 5th Feb 2025

In this episode, Paige Estritori from Financial Services Online conducts a round-up of news from the Australian financial sector. Topics covered include severe flood challenges in Queensland prompting 1,435 insurance claims and prompting greater resilience in infrastructure planning due to climate change. Amid rising US-China trade tensions, the Australian stock market faced a dip, with the ASX200 index losing 5.4 points. The Australian Competition and Consumer Commission (ACCC) is scrutinizing significant motor insurance mergers, including Insurance Australia Group's bid for RACQ Insurance and Allianz Australias prospective acquisition of RAA Insurance. Lastly, Fidante Partners expands its portfolio via a partnership with the long/short investment firm, System Capital, offering impressive average annual returns.n