Country: Australasia Page 36 / 131
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- October 3 2024
Australia poised for severe thunderstorms, elevated bushfire risks this spring: Gallagher Re
Unusually high maximum and minimum temperatures will affect the country by at least three times more likely than normal, according to the reinsurance broker's climate outlook report.
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- October 3 2024
ICA extreme weather charter calls for collaboration with governments, community groups for delivery of services
The charter outlines disaster preparation, response and recovery recommendations for general insurers, who have paid out US$13bn in claims from 20 ICA-declared events since the Black Summer bushfires in 2019-20.
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- October 3 2024
Chubb powers up ANZ energy & technical lines with HDI’s Jane Ravi
Sydney-based Ravi is responsible for leading the company's portfolio in her new role as manager for the Australia and New Zealand energy and technical lines business.
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- October 3 2024
Australia’s Rhodian launches construction specialist MGA Scope Underwriting
The Lloyd's-backed underwriting agency based in Melbourne was co-founded by Nick Vernon and Rob Higginson.
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- October 2 2024
PSC shares delist from ASX as Ardonagh’s US$1.5bn takeover becomes effective
The completion of the takeover by the UK broking group now wraps up PSC Insurance's nine years of trading and quotation on the Australian Securities Exchange.
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- October 2 2024
HDI Global risk consulting arm announces two senior promotions in Australia
Jamie Haider has been promoted to risk engineering manager, Australasia, effective October 1 and Philipp Glanz will step up to the role of managing director for the global HDI risk consulting group.
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- October 1 2024
Hannover Re confirms Blake Dimitrijevic as Australia MD
As first reported by IAN in July, Dimitrijevic joins from Guy Carpenter and succeeds Michael Eberhardt, who was appointed managing director and chief underwriting officer for Hannover Re Bermuda.
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- October 1 2024
MGA incubator Rhodian takes Allianz team to launch marine specialist in Australia
The MGA Marinex Underwriting is backed by Canopius and will offer cargo, carriers, commercial hull and marine liability products.
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- September 30 2024
ICNZ calls on law changes to stop building in “dumb places”
The government has outlined its plans to replace the Resource Management Act, with changes that will provide the ability to decline land use consents, or attach conditions where there are significant risks from natural hazards.
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- September 30 2024
ARPC to raise premium rates for cyclone reinsurance pool
The 2024 pricing review of the cyclone pool premium rates targets the introduction of premium discounts for strata properties and maintaining the price algorithm to rate for new addresses registered since the previous review and address insurer feedback to make the pricing algorithm more consistent with market practise.
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- September 30 2024
Dual New Zealand promotes Richard Robinson to head of motor
Auckland-based Robinson has worked at the Howden-owned MGA for three years and was senior property underwriter before the latest appointment.
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- September 26 2024
PSC shareholders approve Ardonagh’s US$1.5bn takeover
The broker merger in Australia is now pending final approval by the court, which is slated for October 1.
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- September 26 2024
Next Queensland government should axe stamp duty: ICA
ICA forecasts an 8% reduction in premiums if the next state government removes a 9% stamp duty on insurance, which is imposed after a goods and services tax.
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- September 26 2024
Australian brokers’ reported breaches in 2023 up 36% with US$6.5m impact on clients: IBCCC
In the 2023 Annual Data Report, the independent body tasked to monitor practitioners' compliance with the Insurance Brokers Code of Practice in Australia also highlights its concerns on brokers' failure to disclose their commissions to over 8,000 clients.
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- September 25 2024
Price Forbes ropes in Honan’s Thomas Russell to spearhead Singapore ANZ division
Russell has taken up the newly created role as director, head of Australia and New Zealand wholesale for Asia in a newly created position reporting to Phil Johnson, CEO for APAC.
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- September 24 2024
BMS New Zealand expands North Island team with Aon hire
Tim Emms will join the firm as an executive broker for its Auckland team and will be working with Nathan Richmond who assumed regional director role on May 1.
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- September 24 2024
Australian Federal Court rules to declass four BI class actions against insurers
The ruling is regarding representative proceedings regarding Covid-19 business interruptions claims against IAG, QBE, Lloyd's syndicate 2003 and Hollard.
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- September 24 2024
Howden Pacific builds out construction practice with Alistair McBride hire
Melbourne-based McBride, who will head the broker's regional business, has been in the construction sector since 2013, having various roles in underwriting and broking across the New Zealand, London, US, and Canada markets.
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- September 23 2024
Tower raises cat reinsurance excess for first two events to US$11.7m
An excess for a third event remained unchanged at US$12.5m, while the Kiwi P&C player has increased its upper cat limit to US$500m from US$468m for FY2025.
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- September 20 2024
NZ fire levy increase revised downwards amid funding review
The levy hiked to 12.8% in July and Fire and Emergency New Zealand (FENZ) was set for an additional 5.2% increase to 2029. However, the government has revised the percentage to 2.2%.
