Country: Australasia Page 36 / 114
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- February 14 2024
Australia Christmas storms losses at US$906m: Perils
The initial estimate includes losses from damages of property and motor hull lines of business and will be updated on March 29, 2024.
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- February 14 2024
Storms in Victoria leave half a million homes, businesses without power: reports
Strong winds and lightning caused widespread damage to the power infrastructure in Australia's second-most populous state.
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- February 9 2024
New Zealand bans ‘forever chemicals’ in cosmetic products from 2027
The decision puts the spotlight on exclusions to claims from exposure to PFAS, which as IAN reported recently has yet to find many takers in Asia Pacific.
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- February 9 2024
WTW expands Australasia fac team with Guy Carpenter hire
Sydney-based Michael Lazarus will join the broker's facultative team in Australasia as associate director
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- February 9 2024
BHSI strengthens Australia A&H team with senior hire
The specialty (re)insurer has appointed David Foote as executive underwriter, accident & health.
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- February 9 2024
Envest merges three insurance brands to create an SME specialist
The Australian broking group brings together Fitzpatrick & Co, Arete Risk and Amicus to create a full-service insurance broker with specialist SME and corporate focus.
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- February 9 2024
Pacific Prime makes Australia foray with senior hire
The broker has appointed Melbourne-based Honan Financial veteran Michael Atta as head of employee benefits.
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- February 8 2024
Marsh elevates Craig Claughton to finpro chairman for Pacific
Sydney-based Claughton was most recently head of financial and professional lines for the broker.
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- February 7 2024
Australian MGA Market Lane expands into New Zealand
The new entity will initially trade as The Barn and will be led by the country head Kelsey Craver and senior underwriter Sarah Skelton.
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- February 6 2024
Berkley Re names treaty manager for Australia & New Zealand
Sydney-based Heath Sinclaire will enhance the firm's relationships with cedents and brokers, focusing on the casualty reinsurance sector.
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- February 5 2024
ICA proposes waiving US$3.9bn state taxes to tame Australia’s flood risks
Chief executive Andrew Hall suggested abolishing insurance annual state taxes, which stand as the second-largest component of home premiums after pricing of flood risk.
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- February 5 2024
Steadfast-backed broker Collective merges with strata specialist Body Corporate Brokers
The combined business will employ more than 120 people in Australia with a network of more than 200 strata manager-authorised representatives, and provide insurance placement and claims services for 30,000 strata schemes.
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- February 2 2024
Perils raises Auckland floods insured loss estimate to NZ$2.2bn
Nearly 70% of the property loss was from personal lines, according to the loss aggregator's final tally, which is 12% higher than its August 2023 estimate.
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- February 2 2024
Crawford promotes Graham Peters to head of class actions, national executive adjuster in Australia
Melbourne-based Peters was most recently head of Crawford forensic accounting services.
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- February 2 2024
Cover-More appoints Justin Sebire as interim group CEO
Sebire will replace Cara Morton, who has relocated to Switzerland to pursue her new role as CEO of Zurich Global Ventures.
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- February 1 2024
Australian MGA Market Lane hires Evan Ainslie from Lloyd’s as head of strategy
In his new role, Sydney-based Ainslie will introduce innovative solutions that align with current offerings and demands of the market.
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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.
