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- June 24 2024
McLardy McShane lands Aon’s Brendan Wright as Melbourne broking manager
The Australian broker's newly formed role will see Wright managing a portfolio comprising of the branch’s largest accounts and working to grow and develop the remainder of the branch.
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- June 24 2024
Singapore oil spill losses set to rise as slick hits Malaysian waters
Malaysian authorities confirmed oil slick sightings at Sungai Rengit and Teluk Ramunia in Johor; while Singapore said it will seek compensation from owners of British Marine-insured Marine Honor.
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- June 24 2024
InsuResilience expands India parametric rainfall cover with further premium support
In 2020, ISF co-funded the development and implementation of the excess rainfall cover for India north-eastern state of Nagaland.
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- June 21 2024
Aon promotes Tracy-Lee Kus as head of its global broking centre
Kus, who was most recently head of commercial risk for Asia Pacific and head of North Asia at the broker, will relocate to London for the new role.
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- June 20 2024
Japan hailfall insurance payout reaches US$356m: GIAJ
The hail that affected Hyogo prefecture in April saw insurers settling 98% of the total 122,152 accepted as of May 31, according to GIAJ.
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- June 20 2024
HDI Global expands South Australia operations with Adelaide office
City-based market manager Andrew Beare and property underwriter Elicia Scudds as well as employees from claims, risk engineering and international programs teams will move to the new office to connect with local brokers and clients.
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- June 20 2024
Australian MGA Market Lane expands claims and property teams with two hires
The MGA has appointed Marie Domingo as a claims executive and has relocated Christine Penny from Dublin to Sydney as an assistant underwriter, property for its specialty commercial insurance underwriting arm The Barn.
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- June 20 2024
Tackling data biases and low transparency key to AI adoption
Predictive modelling and machine learning hold big promises for improving accuracy of P&C underwriting, but risks such as AI’s black box problem and costs could impede their use.
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- June 19 2024
Marsh launches new climate adaptation and resiliency centre in Singapore
With a team of over 100 executives based in Asia, the centre aims to help private companies adapt to extreme climate events and play a more active role in funding for climate adaptation initiatives.
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- June 19 2024
Zurich completes acquisition of 70% stake in Kotak General Insurance
The transaction is the largest foreign investment in India’s general insurance market and the first by a foreign insurer since the FDI limit was raised to 74%, according to the global carrier.
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- June 18 2024
Canopius taps Axa XL’s Mark Houghton as global specialty product leader
In the newly created role, Singapore-based Houghton will oversee governance, performance and standards for the Lloyd's syndicate's speciality lines.
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- June 17 2024
Everest Australia hires Arthur Constantinou to head Pacific energy and construction team
Melbourne-based Constantinou was previously national underwriting manager-technical lines and complex risks at Zurich.
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- June 17 2024
Cyber premium pool to outstrip other financial lines, says MSIG’s Andrew Taylor
Demand for cyber cover is rising in the region as AI is being exploited by criminals to launch more sophisticated attacks, while D&O, PI continue to face pricing pressure, says the regional head of financial lines.
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- June 14 2024
Axa XL ropes in WTW’s Graham Edwards as client distribution leader
Singapore-based Edwards was most recently head of corporate risk and broking, sales and client management for Asia at the broker.
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- June 14 2024
Blue Marble hires Rinaldo Siagian as APAC operations analyst
Siagian previously worked at Asuransi Astra where his most recent role was section head surveyor.
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- June 13 2024
Noto earthquake insurance payout reaches US$578.5m: GIAJ
The claims payout rose by 7% since the last tally on April 26 as insurers have settled 103,439 claims across Japan.
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- June 13 2024
Nova Insurance sees ‘unique’ greater China proposition driving growth
The independent Hong Kong broker is considering both organic and inorganic routes to expand its presence across business lines in the SAR and mainland China, says managing director Patrick Chan.
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- June 12 2024
Extreme heat triggers parametric payout for 50,000 women in India
The parametric insurance, which benefited women working in the informal sector, was underwritten by Swiss Re and provided locally by ICICI Lombard.
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- June 12 2024
Berkley Insurance Asia’s Roden Tong elected as president of Hong Kong Law Society
The Hong Kong CEO of Berkley Insurance Asia, who also holds the role of Asia head of claims for financial lines, was the Law Society's vice president since 2021.
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- June 12 2024
Dual New Zealand expands underwriting team with IAG hires
Howden-owned MGA has appointed Leon Downey as senior underwriter for casualty and financial lines and Claire Ji as commercial underwriter, both based in Auckland.
