Wednesday, September 20, 2017

Australia

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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IAG secures US$7bn reinsurance cover for 2016

IAG secures US$7bn reinsurance cover for 2016

The new programme provides protection for most parts of Asia, as well as Australia and New Zealand.

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Australia’s financial, insurance sector spends US$2.2bn to fight fraud

Australia’s financial, insurance sector spends US$2.2bn to fight fraud

Sophisticated cybercrime seen as one of the biggest threats to the country

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Chinese investment in insurance industry set to continue

Chinese investment in insurance industry set to continue

The sustained influx of Chinese capital is triggering competition among insurers around the world.

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Qantas enters Australia’s life insurance market

Qantas enters Australia’s life insurance market

The Aussie airline is launching its own branded health insurance products in partnership with nib.

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NAB Nippon Life aims to lead Australia’s life market

NAB Nippon Life aims to lead Australia’s life market

The joint venture company is aiming to become the largest writer of life insurance premiums Down Under.

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Australia’s private health insurers face tough times

Australia’s private health insurers face tough times

Data from the Australian Prudential Regulation Authority shows slowest growth since March 2007.

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XL Catlin strengthens Aussie crisis management

XL Catlin strengthens Aussie crisis management

Shelley Devane joins as head of crisis management for Australia from AIG.

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Aussie government alarmed by falling insurance coverage

Aussie government alarmed by falling insurance coverage

Many Australian consumers say they are not getting value for money from their policies.

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Talbot establishes crisis management unit in Australia

Talbot establishes crisis management unit in Australia

Steve Ward and Hamish McKay have been tasked to drive growth in specialty lines in the country.

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Nippon Life seals US$1.65bn deal for NAB’s life unit

Nippon Life seals US$1.65bn deal for NAB’s life unit

The bank will unveil details of the acquisition during its full-year profits announcement on Wednesday.

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SUMMER 2017

House of cards

From supply chains to cyber, we discuss emerging risks with a roundtable of Singapore risk managers