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- November 22 2023
Chubb Australia names Andrew Whitlock as senior casualty underwriter for major accounts
Whitlock, who was most recently senior casualty underwriter for corporate and construction at Chubb's London office, will relocate to Sydney to assume his new role.
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- November 22 2023
El Niño likely to continue till March 2024, says Australian weather bureau
The sea surface temperatures are hovering above El Niño thresholds into the early Southern Hemisphere autumn of 2024 while the event is gaining moderate strength.
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- November 21 2023
Volante takes China Re’s Liu Song as treaty director
Singapore-based Song will be the Lloyd's player's portfolio director responsible for treaty business in South-East Asia, Greater China, and South Korea.
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- November 21 2023
IAG’s New Zealand flood and cyclone payouts top US$600m
The country's largest carrier has called on the government to prioritise flood resilience as the economic toll of summer of storms continues to mount.
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- November 20 2023
IAG names Jacqueline Rush as executive manager to transform complaints system
Melbourne-based Rush will report to the Australian carrier's chief customer and marketing officer Michelle Klein.
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- November 20 2023
Vietnam connects to Asean compulsory motor insurance system
Bao Viet Insurance is the only Vietnamese carrier approved to issue blue cards that prove that a vehicle has third-party liability cover to be used across Asean borders.
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- November 17 2023
Oneglobal Broking appoints Joey Lim as Singapore P&C head
Lim, who starts on November 17, joins from Marsh and will lead the broker's corporate team in the Lion City.
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- November 17 2023
Fitch affirms QBE’s rating as underwriting performance improves
The Australian carrier improved its COR to 86% and posted insurance services result of US$337m in H1 2023.
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- November 17 2023
Malaysia’s MAA Group to sell 85% stake in Filipino subsidiary
The group will sell its share in MAA General Assurance Philippines to Triple P Philippines for US$49.3m with an option to sell the remaining 15% stake for US$8.7m within 14 months.
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- November 17 2023
Cover-More global CEO Cara Morton to run Zurich Global Ventures
Sydney-based Morton will relocate to Zurich and start in her new role on February 1, 2024 and will report directly to Zurich Insurance Group CEO Mario Greco.
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- November 16 2023
Howden acquires Australian bloodstock specialist HQ Insurance
The Sydney-based broker offers equine industry solutions predominantly in bloodstock, covering foals, weanlings, yearlings, broodmares, racehorses and stallions.
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- November 16 2023
Lloyd’s, Marsh team up for US$50m Ukraine grain shipments cover program: report
The program could make it easier for shipowners to get cover to transport goods across Black Sea, which has been affted by Russia’s formal withdrawal from the UN-brokered grain corridor deal in July.
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- November 16 2023
Carrot Insurance plans to raise US$230m by next year: report
The Hanwha Group-backed Korean digital insurer is seeking to secure funds through a paid-in capital increase allocated to shareholders and is aimed for better capital adequacy and investment funds.
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- November 15 2023
Envest-backed Fitzpatrick & Co acquires Bricher Insurance
The Victoria-based family-owned insurance broker deals with commercial insurance, professional indemnity, property and industrial special risk products and is part of the Steadfast Broker Network.
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- November 15 2023
Reinsurance carriers need to demonstrate they can provide capital, especially for property cat
Low capitalisation of insurers in APAC and regulatory pressure in certain markets is pushing demand, says Sompo International’s Pierre Balthazard.
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- November 14 2023
New Zealand fully implements doubled natural hazard cover for insured homes
EQcover provides first loss insurance for damages caused by volcanic eruptions, earthquakes, tsunamis, land slips, and hydrothermal activity, as well as some limited cover for damage to residential land from storms and floods.
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- November 14 2023
Korean carrier Construction Guarantee’s rating outlook revised to positive on strong underwriting performance: Fitch
The rating agency assigned an insurer rating of 'A' (strong) and said the company will maintain its underwriting returns and capital position in FY 2023 .
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- November 14 2023
Tower nearly doubles discount lapse costs to US$10.3m, CEO apologises
The Kiwi insurer has now taken into account repayments to around 65,000 customers and also a potential regulatory penalty.
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- November 14 2023
Cosco Shipping Development sells Hong Kong insurance broking arm to group company for US$34m
Cosco Shipping International will take over the SAR-based Helen Insurance, which is principally engaged in vessel-related insurance brokerage services.
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- November 14 2023
Kiwi carriers resilient despite record cat claims: AM Best
Solid premium growth on rate hikes and capital buffers afford a stable outlook for the industry, according to the rating agency.
