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- May 15 2024
BMS New Zealand hires Marsh veteran for North Island build out
The specialty broker has hired Nathan Richmond as director of Auckland.
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- May 13 2024
Everest gets insurance licence in Australia
The Australian Prudential Regulation Authority's licence allows the carrier to write new and renewal business from the country.
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- May 13 2024
QBE forecasts 93.5% group COR for FY2024
The Australian carrier reported a group-wide renewal rate increase of 7.3% in the first quarter this year, while its net cat cost was US$200m for the first four months
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- May 10 2024
China Construction Bank sued over Vesttoo fraud charges in US court
US company Porch accused the Chinese bank of enabling a “massive fraud” that caused “monumental losses” for the company, in a complaint filed to a New York court.
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- May 10 2024
Fairfax-backed Go Digit’s downsized IPO set for May 15 launch
The listing on Indian stock exchanges could raise up to US$313m after the digital insurer reduced the new shares on offer and nearly halved the size of existing shares sale.
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- May 10 2024
Analytics: Singapore (re)insurance market extends lead as Hong Kong hit by lacklustre UW results
While overall GWP growth in both cities were similar, the Lion City's primary insurers saw significant growth in 2023 compared with peers in the SAR, data from the cities’ regulators show.
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- May 8 2024
Ardonagh to acquire Australian broker PSC Insurance for US$1.5bn
The broker will be merged into Ardonagh-owned Envest and its CEO Greg Mullins will oversee the combined operations for Australia and New Zealand.
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- May 8 2024
Asian insurers bracing for a soft market cycle as competition revs up
Increasing capacity and a relatively benign cat loss environment are driving down primary market rates across business lines and markets in the region.
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- May 7 2024
MS&AD’s new CEO vows to fast-track unwinding of strategic holdings: report
Shinichiro Funabiki, the incoming group chief executive, has pledged to sell down cross-holdings in two years as part of a wider clean-up of the group's governance.
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- May 6 2024
Australian cyclone pool’s aggregate building exposure exceeds US$1trn
Approximately 95% of the market in terms of premium has joined the ARPC as of December 31 with a total quarterly premium of US$156m.
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- May 3 2024
Allianz Australia-owned Club Marine names new CEO
The boat insurance specialist will be led Tim Wiles, who has been serving as the interim chief executive from November last year.
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- May 2 2024
Peak Re reports best-ever net profit of US$200m in FY 2023, COR down to 87.3%
The Hong Kong carrier's reinsurance revenue saw a 14.6% year-on-year decline in FY 2023 at US$1.56 billion.
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- May 2 2024
Sedgwick builds specialised global aviation claims and adjusting service
The adjusting and surveying solutions will be offered from its hubs worldwide including APAC.
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- May 2 2024
Australian MGA Agile’s syndicate gets final Lloyd’s nod to start underwriting
Asta-managed Syndicate 2427 will focus primarily on Australia and New Zealand and write accident and health, aviation, casualty, construction, financial lines and property business.
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- April 30 2024
Singapore’s Income Insurance debut on digital securities exchange
Trading on platform AltaX provides liquidity to the insurer's almost 16,000 shareholders, who hold stocks valued at about US$619m.
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- April 30 2024
APAC accounts for nearly half of global economic losses in Q1 2024: Aon
The global (re)insurance sector is bracing for an "extremely active" Atlantic hurricane season driven by record-breaking land and ocean temperatures.
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- April 30 2024
Exclusive: Mark Johnson set to take charge as Starr Hong Kong CEO
The former Howden Hong Kong chief executive will start at the insurer from early May, IAN understands.
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- April 26 2024
India approves three new Russian marine insurers
New carriers, Alfastrakhovanie, Sogaz, VSK, and Ingrosstrakh, all backed by Russian National Reinsurance, have been allowed to provide cover to Indian shipments.
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- April 25 2024
Ted Hodgkinson joins Huntington Partners in Hong Kong as partner
The former BMS Asia executive chairman will lead the Singapore-based (re)insurance-focused advisory firm's operations for the SAR and China.
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- April 24 2024
Baltimore sues Dali shipowner, manager over bridge collapse
The suit alleges negligence on the part of the Singaporean owner Grace Ocean and Indian manager Synergy Marine in operating a "clearly unseaworthy" vessel.
