Friday, November 24, 2017

Australia

IAG stalls Asia expansion to focus on home markets

IAG stalls Asia expansion to focus on home markets

Declining commercial and regulatory conditions have restrained opportunities for its expansion in the region.

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Honan Insurance to acquire Singapore-based NGA Benefits

Honan Insurance to acquire Singapore-based NGA Benefits

The Australian-owned and operated buyer is looking to add to its growing employee benefits business in South-East Asia.

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QBE says 2017 could be costliest in history

QBE says 2017 could be costliest in history

The Australian insurer expects its earnings to be dented by rising claims from this year’s disasters.

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Suncorp plans to sell life insurance unit

Suncorp plans to sell life insurance unit

The move comes after chief executive Michael Cameron commenced a strategic review of the division in February.

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AIA pays A$3.8 billion for CBA life unit

AIA pays A$3.8 billion for CBA life unit

The Asian insurance giant has acquired Australia’s CommInsure Life and New Zealand’s Sovereign.

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AIA set to buy Commonwealth Bank’s life assets

AIA set to buy Commonwealth Bank’s life assets

The Asian insurance group has become favourite to buy the unit in a deal said to be worth more than US$4bn.

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Pat Regan expected to become QBE’s new CEO

Pat Regan expected to become QBE’s new CEO

He is expected to replace John Neal when the current CEO steps down at the end of the year.

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Chubb appoints two Asia-Pacific cyber executives

Chubb appoints two Asia-Pacific cyber executives

Andrew Taylor in Sydney and John DePeters in Singapore take up new regional cyber underwriting roles

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MS&AD to spend US$401m for stake in Challenger

MS&AD to spend US$401m for stake in Challenger

The Japanese group will acquire a 6%-plus interest in the leading player in Australia’s superannuation industry.

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IAG names chief digital officer

IAG names chief digital officer

Mark Drasutis moves from NewsCorp to assume the newly created position and take a lead on customer experience.

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IAG to maintain just one division in Australia

IAG to maintain just one division in Australia

The insurer will bring together all of its divisions in the country under chief operating officer Mark Milliner.

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Swiss Re appoints corporate solutions CEO for Australia, NZ

Swiss Re appoints corporate solutions CEO for Australia, NZ

Melanie Slack will be responsible for managing strategy, development and performance.

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AIG Australia pullout worries aircraft owners, operators

AIG Australia pullout worries aircraft owners, operators

The country’s aircraft industry fears higher insurance premiums as a result of reduced competition.

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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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WINTER 2017

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