Country: Australasia Page 103 / 145
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- March 18 2022
New Zealand introduces nat cat Bill for disaster response
The move helps clarify the current Earthquake Commission Act and takes lessons from 2010-11.
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- March 17 2022
Suncorp sees 34,000 flood claims, ups nat cat allowance
The group is forecasting a net retained loss of US$54m as it seeks recoveries from reinsurance.
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- March 14 2022
Flood claims hit US$1.5bn: ICA
Over 135,000 claims have been received from south-east Queensland and New South Wales.
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- March 11 2022
Australian broker PSC raises US$59m for M&A
ASX-listed firm is targeting commercial broker deals in Australia and the UK.
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- March 10 2022
IAG ups FY nat cat estimate to US$800m
The group has received 24,000 recent flood claims and says that it has 'all hands on deck'.
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- March 9 2022
Lockton (re)insurance arm targets Australia, NZ with former Willis Re execs
John Philipsz, Russell Hails and Max Garratt have joined the broker's advisory team in Sydney.
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- March 9 2022
Flood claims estimate tops US$1bn: ICA
The ICA is working with authorities to expedite visas for recovery personnel deployed overseas.
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- March 8 2022
MGA Fusion bolsters M&A with Singapore, Sydney and HK hires
Danielle Eliatamby, Lillian Chau and Sabrina Chia all have law firm backgrounds.
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- March 8 2022
Ensurance Australia signs professional risks deal with Liberty Specialty
The three year agreement for delegated underwriting authority runs from March 16.
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- March 7 2022
Insurers continue to count cost of Australia’s floods
Filed claims now at more than 86,700, according to March 7 data from the ICA.
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- March 7 2022
Covid-19 provisioning helps Hollard’s results: AM Best
Hollard’s purchase of CommInsure is expected to complete in the second half of 2022.
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- March 4 2022
IAG hit with fresh lawsuits over Greensill collapse
New lawsuits bring amount claimed to an estimated US$218m.
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- March 4 2022
Flood claims in Queensland, NSW above US$650m: ICA
Over 60,000 claims have already been filed as the emergency continues.
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- March 3 2022
FMG supported by pricing strategy, investment returns: AM Best
The rural insurer had positive underwriting results in the first nine months of FY 2022.
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- March 3 2022
Reinsurers on alert as Australia flood claims projected to top US$1.45bn
The Queensland and NSW floods could become one of the costliest nat cats in the country's history.
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- March 2 2022
Claims top 30,000 as Australia floods worsen
NSW premier described the extreme weather as a 'one-in-a-1,000' year event.
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- March 2 2022
Ukraine crisis may force further hardening of Aussie cyber
Heightened threat constrains underwriting appetite.
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- March 1 2022
Australian market counts cost of ‘unprecedented’ flooding
Parts of Queensland and NSW impacted, with Suncorp reporting US$54m of claims already.
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- February 28 2022
Gallagher Re taps Munich Re for Australia chief exec
Sydney-based Heather Bone will join the global broker on March 16.
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- February 25 2022
Austbrokers’ parent targets 19% growth
AUB has increased its profit goal and looks set to join the race for global scale.
