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- May 9 2024
Miller hires Sheena Benedict Ong for professional & financial risks team
Based in Singapore, Ong was previously a business development manager at Lockton for nearly two years.
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- May 9 2024
Malaysian Re FY 2024 GWP tops US$500m; parent achieves record net profit
The Asean reinsurer reported a combined ratio of 95.5% and its post-tax profit grew 146% in the latest financial year.
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- May 9 2024
Arch Australia grows executive assurance team with senior underwriter hire
Melbourne-based Jessica Wehbeh has joined the carrier's management liability and D&O products team from AIG.
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- May 9 2024
Danielle Eliatamby becomes ANZ lead partner for Fusion Specialty
Sydney-based Eliatamby has been at the specialist MGA since 2022.
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- May 7 2024
AUB lifts FY 2024 net profit guidance to top-end of earlier range
The Australian broker's second forecast upgrade this year is based on the assumption that the profit split for the first and second half would be in-line with the usual seasonality trend and renewal cycle.
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- May 7 2024
Arch Australia hires Michael Faulkner as distribution & engagement lead
Joining from Vero, Faulkner will be in charge of creating business development opportunities for all product lines in the newly created role.
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- May 7 2024
McLarens promotes Tina Sheehan to southern regional manager for New Zealand
Sheehan joined the global loss adjuster in 2019 as its third-party administration, national motor business manager.
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- May 6 2024
Zurich Hong Kong appoints Chen Wai Khong as head of property
Chen will relocate to the SAR from Kuala Lumpur, where he was regional property underwriter for Allianz.
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- May 6 2024
Crawford Australia elevates Stephen Stafford to head of forensic accounting
Brisbane-based Stafford takes over Graham Peters, who has now been made head of class actions.
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- May 3 2024
Chubb set to pay US$350m in claims from collapsed Baltimore bridge: reports
The payment is expected to be authorised within weeks, the reports said quoting an executive from WTW, who was the broker on the policy.
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- May 2 2024
Chubb elevates Christopher Thirlwall to Australia’s accident & health senior manager
A Chubb veteran for the past eight years, Thirlwall has been promoted to senior relationship manager in charge of leading key distribution strategies for the division.
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- May 2 2024
IRDAI’s set to approve Hinduja‘s acquisition of Reliance Capital’s insurance units: report
The regulator's approval is key to the conclusion of Reliance Capital's ongoing bankruptcy proceedings within the time-frame prescribed by a local tribunal.
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- May 2 2024
Chubb promotes Kate Burke to international personal lines head for APAC
Singapore-based Burke will be responsible for growing the insurer’s motor, residential, specialty and high-net-worth business lines across the region.
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- May 1 2024
Russian oil price cap ‘unenforceable’, says IG P&I
Over 800 tankers have left to join the so-called "shadow fleet", according to an International Group statement to a UK parliamentary hearing.
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- April 30 2024
Australian MGA Market Lane expands New Zealand team with BHSI hire
Auckland-based Luke Scott joins as regional development manager for the MGA's specialty commercial insurance underwriter The Barn New Zealand and will help deliver broker partner solutions.
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- April 30 2024
QBE elevates Nicola Schroder to group head of sustainability
Melbourne-based Schroder will be responsible for sustainability governance, strategy implementation, human rights, and modern slavery initiatives, and driving social impact through the QBE Foundation.
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- April 26 2024
BRI Insurance’s underwriting profitability supports ‘stable’ outlook: Fitch
The rating agency assigned the Indonesian carrier a national insurer financial strength rating of AA to BRI Insurance on low claim ratio and 55% COR in 2023.
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- April 26 2024
Shinkong Insurance’s rating outlook revised to ‘positive’: AM Best
The Taiwanese insurer's long-term issuer credit rating benefitted from prudent underwriting strategy, favourable claims experience and disciplined expense management.
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- April 26 2024
Interest rates, regulatory uncertainties call for alternative yield strategy: HSBC Asset Management
Insurers grappling with the fast-changing US interest rates expectations, new regulatory capital regime and IFRS standard can look to alternative investment strategies for yield enhancement.
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- April 25 2024
New UN-led climate forum launches with IAG, Singapore insurers as founding participants
The Net-Zero Insurance Alliance has been discontinued and the new forum will comprise 19 (re)insurers from Africa, Asia, Europe, Latin America and the Caribbean, North America, and Oceania.
