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- June 17 2024
Australian P&C insurers to see slower premium growth: S&P Global
Despite lower premium growth on the back of moderating premium rate increases, profitability should remain strong this year through to 2025.
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- June 14 2024
Zurich names Dan Elliott head of cyber resilience Australia
Elliott was previously a principal, cyber security risk advisory at Zurich Resilience Solutions in Canada since September 2022.
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- June 14 2024
Vero bolsters professional and financial lines team with four hires
Uma Singh, Cem Ulutas, Rob Lee and Shaun Thistlethwaite have joined the Australian carrier covering New South Wales and the Australian Capital Territory.
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- June 14 2024
Steadfast-backed Heavy Motor Insurance hires Alan Morgans as national distribution manager
Morgans joins the specialist underwriting agency for heavy motor insurance from GT Insurance.
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- June 12 2024
India overhauls general insurance rules to speed up claim settlement
The regulator has introduced regulatory reform to simplify and speed up claims process for policyholders, reduce administrative hurdles and enhance transparency.
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- June 11 2024
Starr Insurance names Coface’s Jun Minorikawa as Japan CEO
Tokyo-based Minorikawa takes over from Ryohei Nakazawa, who left Starr earlier this year to join broker WTW as head of Japan.
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- June 11 2024
Mitsui Sumitomo, Aioi Nissay Dowa to improve underwriting profitability: AM Best
The rating agency has affirmed an A+ (superior) to Mitsui Sumitomo, its US-based operating companies and to Aioi Nissay Dowa Insurance and A- (excellent) to Aioi Nissay Dowa Insurance (China) Company.
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- June 10 2024
Global reinsurance outlook upgraded to “positive” on strong profit margins: AM Best
Global reinsurers' strong underwriting margins and return-on-equity enable them to absorb large losses seen in the first quarter 2024, as the sector outlook improved from "stable" to "positive".
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- June 7 2024
Marsh takes Gallagher’s Christine Francis as mining practice lead for Asia
For her new role, Francis, who was most recently client manager - national mining team at Gallagher, will relocate from Perth to Singapore.
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- June 7 2024
Rachael Pettigrew joins WTW New Zealand as head of risk advisory
She was most recently insurance lead for water services and reform, a government division responsible for public water infrastructure across the country.
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- June 7 2024
Cornerstone Risk Group expands in NSW with senior hire
Insurance broker Cornerstone Risk Group has appointed Calum Flynn to head its new Sydney operations as the firm expands its footprint along the east coast of Australia.
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- June 6 2024
FWD Group revives IPO plan, targets valuation up to US$9bn: report
The offer size and timeline for the initial public offering are yet to be finalised, Reuters said in a report quoting three anonymous sources.
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- June 5 2024
AIG elevates Ivan Ho to head of casualty, Hong Kong and Macau
Singapore-based Ho has been the carrier's environmental underwriting lead for Asia Pacific since June 2021.
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- June 4 2024
Zurich Malaysia promotes Nur Fatihah Mustafa to family takaful CEO
Kuala Lumpur-based Mustafa, who was most recently Zurich's head of family takaful strategy planning, becomes the first female CEO to lead a takaful operator in Malaysia.
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- June 3 2024
New South Wales customers bear financial burden of emergency levy: ICA
ESL design disproportionately burdens those who are least able to afford it and does not fairly reflect the potential need for emergency services, the industry group says.
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- June 3 2024
Australian lender Westpac sues insurers to recoup US$266m: report
A lawsuit against Chubb is set to be followed by other proceedings involving Axa, Allianz, Zurich, among others over the bank’s anti-money laundering settlement.
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- May 30 2024
MSIG HK’s underwriting to stay profitable over next two years: S&P Global
S&P has affirmed its "A+" rating on the insurer with a stable outlook, as the carrier will preserve profitability through its stable Japan-related business.
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- May 30 2024
Australian MGA Ocean Underwriting to launch financial lines cover with Wade Cadman in charge
The Sydney-based MGA's and Lloyd's coverholder's new product will target SMEs and will be led by Cadman who joins from MGA Brooklyn Underwriting.
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- May 30 2024
Union Insurance’s capital restored to pre-Covid levels: AM Best
AM Best affirmed its financial strength rating of "A-" (excellent) with a stable outlook, citing a very strong balance sheet and adequate operating performance.
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- May 30 2024
Australian consumer lobby calls for ‘significant reforms’ to general insurance code
The current code of conduct is riddled with loopholes that insurers have exploited, failing to provide adequate protection for consumers during critical times, says ACIL, which has formulated a set of 52 recommendations.
