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- June 10 2024
AUB picks up 40% stake in UK retail broking network Momentum
The deal gives the Australian intermediary access to an authorised representative network with over 100 partners placing more than US$114m in premium.
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- June 10 2024
Miller eyes Japan non-marine buildout with senior hire
The specialist broker has appointed Tokinori Kono as head of non-marine broking at its Japanese unit, Lead Insurance.
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- June 6 2024
New Zealand EQC secures record US$5.7bn reinsurance cover
The country's earthquake commission has increased its total cover by US$620m year-on-year, including the US$135m cat bond placed last year, at the June 1 renewals.
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- June 5 2024
Seadrif mandates Gallagher Re as its reinsurance broker and risk advisor
The broker will be also responsible for the placement of reinsurance in international markets and the provision of strategic advisory services to the Asean cat risk facility.
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- June 5 2024
Fairfax names Gobinath Athappan as Asia chairman and chief executive
Athappan, who has been the insurance investment company's vice-chairman since 2015, is also set to take over as chairman of Fairfax-owned Singapore Re.
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- June 5 2024
Specialist Risk Group eyes Asia expansion with focus on specialisms
The Temasek and Warburg Pincus-backed UK broking group will consider acquisitions to build a hub in Singapore.
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- May 31 2024
Blackpanda senior duo leave to launch loss adjusting venture
Hong Kong-based chief revenue officer Timothée Grange and loss adjusting VP Moying Chap are leaving the MGA at the end of this month.
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- May 31 2024
Property cat rates decline 5% at 1.6 renewals: Howden Re
Reinsurers remain vigilant as an active Atlantic hurricane season could present challenges.
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- May 29 2024
IAG slapped with class action suit over ‘loyalty tax’ on home insurance renewals
IAG says it intends to defend the proceedings commenced by class action specialist law firm Slater and Gordon against its subsidiaries IAL and IMA.
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- May 29 2024
Great Eastern’s minority shareholders demand better offer from OCBC: report
The take-private offer is priced at a 30% discount to the Singaporean insurer's embedded value, a metric often used to value insurance firms elsewhere, shareholders say.
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- May 27 2024
Zurich Singapore names Matthew Graves as chief claims officer
Graves will report to Singapore CEO Liam Burrell and have oversight over commercial and retail segments.
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- May 23 2024
AUB completes US$132m placement for Pacific Indemnity deal
The Australian broker issued 7.3m new shares in a private placement primarily to fund the Pacific Indemnity acquisition, with excess funds allocated for other M&A deals in the pipeline.
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- May 22 2024
Income Insurance exploring strategic options for APAC expansion: Bloomberg
The Singaporean insurer had provided liquidity to almost 16,000 shareholders for holdings worth US$619m through a private exchange listing last month.
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- May 21 2024
New Zealand to expand scope of fire insurance levies to aviation, forestry from 2026
Fire and Emergency New Zealand will also increase transitional levies on fire insurance by 12.8% from July 1 this year.
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- May 16 2024
Swiss Re to exit unprofitable digital white-label platform iptiQ
The reinsurer's Asia premiums grew 5% to US$3.5bn year-to-date from renewals; books US$100m losses from Baltimore Bridge collapse.
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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.
