Country: Australasia Page 36 / 113
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- February 1 2024
APRA’s culture surveys plan marks regional shift to focus on governance
Monitoring company risk culture is part of a broader ongoing sea change in the market, which is seeing a greater emphasis on both corporate governance and diversity & inclusion.
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- January 31 2024
ICA calls for US$329m budget funding to boost resiliency against floods
Building on the 2022 schemes for NSW and Queensland, the new funding should be equally shared between federal and state budgets to move 750 families out of danger zones.
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- January 31 2024
Asian casualty rates softening but underwriters wary of spike in claims
Though capacity remains abundant for liability lines in the region, carriers remain cautious over rising claims costs and knock-on effects from US and Australian markets.
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- January 31 2024
Youi Insurance appoints executive general manager in Brisbane
Brisbane-based Chris Jarrett, who started in his new role on January 15, will be advancing Youi’s claims management capabilities and claims experience for the customers.
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- January 30 2024
Australian MGAs Wellington and Aster to merge into Epsilon Underwriting
The combined entity, set to work under the Epsilon brand, will write a combined US$100m GWP across liability and property lines.
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- January 30 2024
Adrian Sweeney returns to Zurich as New Zealand general manager
After departing from MGA Delta Insurance two years ago, Auckland-based Sweeney rejoins the global insurer where he had worked for over 20 years.
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- January 30 2024
Delta hires underwriting operations manager in New Zealand
Auckland-based Simone Batty will establish streamlined processes and standards across a growing team, helping customers and brokers engage with the business.
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- January 30 2024
Opinion: Climate litigation to move centre stage in Australia
Greenwashing, failure in disclosing or managing climate risks are spurring a rise in legal actions against corporations, while human rights violation claims pose litigation risks to policymakers.
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- January 29 2024
Queensland on alert as cyclone Kirrily’s remnant bands linger
Suncorp says it has received over 500 claims from customers impacted by the cyclone, almost all home claims.
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- January 29 2024
Allied World builds out Australia property team with senior hire from Allianz
Sydney-based Nick Wood has joined the carrier as vice president, lead underwriter Australia property division.
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- January 29 2024
Suncorp H1 nat cat bill at US$374m, retains full limits on reinsurance cover
The nat cat cost for the first six months is less than the FY 2024 allowance with costs of the December wild weather events coming in below the retention limit.
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- January 25 2024
AUB Group bolsters M&A war chest with US$560m debt deal
The refinancing and new loan give US$171m of available liquidity to the Australian broker providing financial flexibility ‘to capitalise on organic and inorganic growth’.
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- January 25 2024
Cover-More names Australia and New Zealand COO
In his new role, Sydney-based Nick Slessor will lead the company's Australia and New Zealand strategic delivery, customer service and claims functions.
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- January 24 2024
Insured losses from Australian twin weather events near US$500m: ICA
The Christmas and New Year storms were the costlier cat event with 70,965 claims, while the ex-Tropical Cyclone Jasper has so far seen 8068 claims.
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- January 23 2024
Australia braces for rainstorm, floods as cyclone Kirrily heads to Queensland
The second tropical cyclone to hit the country's eastern coast in as many months is forecast to bring intense rainfall that may lead to 'life-threatening flash flooding', according to the Bureau of Meteorology.
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- January 23 2024
Chris Mackinnon named Lloyd’s regional director with Iain Ferguson set to retire
Mackinnon will start in his new role on April 1, while Ferguson will retire on December 31, InsuranceAsia News can reveal.
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- January 19 2024
Gallagher Australia ropes in Antony Bull as senior adviser for transactional risks
Based in Sydney, Bull joined the company from dispute resolution firm Deutsch Miller.
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- January 19 2024
Marsh hires Chris Varcoe as managing principal for financial and professional lines
Melbourne-based Varcoe joins from Aon, where he was the placement director.
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- January 19 2024
Australian carriers brace for surge in construction PI claims
As the number of builders going bust hit a multi-decade high, insurers are experiencing an increase in the frequency and severity of large construction-related professional liability claims, both for project-based cover and annual contracts.
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- January 18 2024
Canopius to build APAC financial lines capabilities with underwriter hire in Sydney
The specialty (re)insurer has hired Robert Barnum from Axis Capital to establish a professional lines practice in the region.
