Sunday, May 28, 2017

Australia

Munich Re, Sompo agree partnership with Trov

Munich Re, Sompo agree partnership with Trov

The insurtech firm is expanding its on-demand policies in Europe, Asia and South Africa.

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Nippon Life bullish on Australian foray

Nippon Life bullish on Australian foray

Japan’s biggest life insurance company has high hopes for its investment in MLC Life Insurance.

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Australian insurers quitting life business

Australian insurers quitting life business

Insurers are responding to tough conditions and a public backlash by exiting the sector.

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Suncorp eyes sale of US$1.5bn life insurance unit

Suncorp eyes sale of US$1.5bn life insurance unit

Chief executive Michael Cameron said a sale is one of the options being considered.

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Sony Life inks deal with Australia’s ClearView Wealth

Sony Life inks deal with Australia’s ClearView Wealth

The agreement will see the two companies sharing information to drive efficiency and growth.

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Tokio Marine buys 50% stake in eSentry Underwriting

Tokio Marine buys 50% stake in eSentry Underwriting

The Japanese insurer has bought a controlling stake in a specialist underwriting agency based in Australia.

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SCOR veteran to head PartnerRe life & health business

SCOR veteran to head PartnerRe life & health business

Marc Archambault, previously CEO of Asia-Pacific for SCOR Global Life, will be replaced by Craig Ford.

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Australia pushes for regional calamity risk cover

Australia pushes for regional calamity risk cover

The country is identifying areas where it may be able to encourage affordable disaster risk insurance.

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Challenger enters Japanese market

Challenger enters Japanese market

It will sell Aussie dollar annuities through a deal with Mitsui Sumitomo Primary Life Insurance.

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NAB completes sale of life unit to Nippon Life

NAB completes sale of life unit to Nippon Life

After completing the sale of 80% of the unit, the Aussie bank expects a loss of up to A$1.3b on the deal.

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Chubb makes appointments in its P&C business

Chubb makes appointments in its P&C business

Michael Frazer has been appointed as the new regional head of property, replacing Jason Keen.

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XL Catlin set to acquire Brooklyn IT

XL Catlin set to acquire Brooklyn IT

Brooklyn is a market-leading underwriting agency in Australia and a Lloyd’s approved coverholder, serving brokers across the country.

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ANZ likely to sell insurance business

ANZ likely to sell insurance business

The sale is a response to regulatory challenges following the global financial crisis.

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Chinese investors’ interest in Australian insurers grows

Chinese investors’ interest in Australian insurers grows

M&A activity involving Chinese firms and Australian insurers is expected to rise this year, according to global law firm Clyde & Co.

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Australia’s Honan enters Malaysia

Australia’s Honan enters Malaysia

The Australian owned and operated broking company has entered a strategic relationship with local broker Hayat.

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Gen Re exits Hong Kong, Melbourne

Gen Re exits Hong Kong, Melbourne

The Berkshire subsidiary is also shutting offices in Latvia and the US as part of a global reorganisation.

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Zurich Australia buys Macquarie’s life business

Zurich Australia buys Macquarie’s life business

The Swiss insurer has paid a still undisclosed amount for the acquisition, which is due to close in the second half.

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Zurich names general insurance CEO for Australia and NZ

Zurich names general insurance CEO for Australia and NZ

Rajbir Nanra, who is currently interim CEO for the business, will take over the role full time.

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Paul Davis, Allianz Global Corporate & Specialty

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