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- June 18 2024
Exclusive: NorthStandard, British Marine face losses from Singapore oil spill
The loss following the dredger Vox Maxima hitting bunkering vessel Marine Honour could become an IG P&I Clubs pool claim if the dredger is found liable.
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- June 17 2024
Singapore’s Income Insurance confirms buyout talks with Allianz
An application for the partnership has been filed with the Monetary Authority of Singapore, reports say.
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- June 17 2024
Japan’s big four submits business improvement plans to FSA for price-fixing
- Regulatory
- Japan
- Aioi Nissay Dowa Insurance
- Mitsui Sumitomo Insurance
- MS&AD
- Sompo
- Tokio Marine & Nichido Fire
Assessment of risks, employee surveys, effectiveness verification, second-line monitoring and internal audits are among the solutions announced by MS&AD subsidiaries.
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- June 12 2024
Singapore Airlines offers compensation to passengers on turbulence-hit flight: reports
Passengers with minor injuries have been offered US$10,000, while those with sustained serious injuries and require long-term medical care are offered an advance payment of US$25,000 to address their immediate needs.
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- June 11 2024
ICNZ calls for nat cat safeguards in Fast Track Approvals Bill for infrastructure development
The bill should not give green light to projects that expose communities to excessive financial and physical natural hazards risks, the industry body said in a submission to the government.
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- June 6 2024
Macau could implement RBC by 2027: report
An Insurance Supervision Department's representative told IAN that the date of the implementation of the risk-based capital regime is not yet finalised as further industry discussions are required.
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- June 6 2024
RBI approves Zurich’s acquisition of Kotak General Insurance’s 70% stake
All regulatory approvals required for the transaction are now received, according to Kotak Mahindra Bank.
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- June 5 2024
Chubb lands Australian aviation specialist MGA
The global insurer plans to close the acquisition of Melbourne-based Catalyst Aviation Insurance by the end of this month.
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- June 5 2024
Aldi partners with RACQ and Honey Insurance to launch insurance offering in Australia
The supermarket chain's insurance arm will offer car, homeowners and renters, including free smart home sensors, and landlord policies across the country.
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- June 4 2024
Samuel Bye rejoins Axa XL as head of cyber for Asia and Middle East
Singapore-based Bye, who returns after nearly a year at Tokio Marine Kiln, will manage the (re)insurer’s recently built-out cyber team.
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- June 4 2024
Chubb Hong Kong hires Starr’s Catherine Wong as head of casualty
With over 25 years of experience in commercial casualty, Wong was most recently Starr's APAC head of casualty since April 2023.
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- June 3 2024
Australian cyber specialist Emergence promotes Katrina Hickson to head of distribution
Hickson, who was the MGA's business development underwriter for Queensland and the Northern Territory, will oversee the national accounts strategy, key partnerships, and expand market presence in the newly created role designed to improve solutions for brokers.
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- May 30 2024
Emerging carbon credit insurers take roots in Asia Pacific
Specialist players like Kita and Oka have recently set up shop in the region as the market here is growing with Australia, Japan and Singapore leading the way.
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- May 29 2024
Axa XL ropes in Zurich’s Julie Morgan as Australia head of claims
Sydney-based Morgan will have oversight of all claims activity across all lines of business for Australia.
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- May 28 2024
Singapore Airlines turbulence puts new risks on the radar
Allianz-led liability program for the airline was placed by Gallagher and Sedgwick has been retained as the loss adjuster, IAN can reveal.
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- May 24 2024
South-East Asia accounts for a third of global ship losses in 2023: Allianz Commercial
South China, Indochina, Indonesia and the Philippines, is the main ship loss hotspot globally last year.
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- May 23 2024
Aon elevates Wen Chen to APAC reinsurance agriculture leader
Singapore-based Chen, who was most recently Aon's head of agriculture for Greater China, will explore new regional reinsurance and retrocession opportunities in the sector.
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- May 22 2024
IAG launches SME-focused cyber underwriting agency Cylo
The MGA is backed by the Australian carrier's commercial insurance arm CGU and will offer up to US$1.3 million cover against cyber attacks for small businesses.
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- May 21 2024
ICA sets up counter fraud and scam function, appoints Andrew Gill as CEO
The function will provide an industry-wide capability focused on detecting organised fraud networks and identifying emerging fraud-related trends or criminal scams.
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- May 21 2024
Gallagher adds Dean Mahoney as senior account executive with acquisition of niche Perth broker
Mahoney-founded PSC McKenna Hampton South Perth in Western Australia has merged with the global broker effective May 2024.
