Country: Australasia Page 46 / 105
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- March 22 2023
Droughts in China and Australia floods push 2022 nat cat insured bill above US$100bn: Swiss Re
Hurricane Ian, inflation and growing property exposure were also key drivers for claims last year.
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- March 22 2023
Lockton Australia hires from Marsh for national key partnerships role
Allison Emery was previously Marsh's head of portfolio solutions, general lines for Australia and New Zealand.
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- March 22 2023
Envest Group acquires Wellington Underwriting
The specialty liability underwriting agency currently places more than US$20m in gross written premiums.
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- March 21 2023
Sedgwick promotes Andre Mataia to Australia head of construction
He was most recently the leader of the loss adjuster's major and complex loss property team for Victoria and Tasmania.
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- March 20 2023
Carriers brace for property claims as bushfires spread across Australia
A heatwave has sparked dozens of fires that have impacted multiple properties across WA, SA and NSW with claims inevitable.
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- March 16 2023
ICA calls for 10-year disaster funding over worsening extreme weather
The insurer body wants the government to extend the US$133m per year programme into a rolling scheme.
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- March 16 2023
Honan snaps up New Zealand’s Certus Insurance Brokers
Certus has 15 employees operating across offices in central and regional Auckland and is part of the NZbrokers network.
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- March 16 2023
PetSure gets general insurance licence in Australia
The pet health company already had an underwriting agency which provides pet cover.
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- March 15 2023
Auckland floods initial loss estimate is over US$1bn: Perils
The unprecedented event is labelled as the largest weather-related insurance industry loss historically for New Zealand.
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- March 14 2023
PSC Insurance acquires two UK businesses for US$15m
The acquisitions of a MGA and a retail broker are expected to add up to US$4.7m to PSC's top-line.
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- March 14 2023
Sedgwick names Kate Johnstone head of risk in Australia
Johnstone has over 25 years of insurance experience including managing risk and compliance operations.
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- March 14 2023
TravelCard appoints Michael Storozhev as chief underwriting officer
Sydney-based Storozhev will be part of the Australia executive leadership team, reporting to the regional CEO Peter Klemt.
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- March 14 2023
Michael Di Veroli named head of newly formed Epsilon specialty division
The experienced market exec will work across property, parametric, construction and liability product classes.
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- March 13 2023
Perils pegs Queensland, NSW floods final cost at US$4.35bn
Property accounted for 90.5% of the total losses while the remaining came from motor, the loss data specialist said.
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- March 13 2023
La Niña has ended with chances of El Niño, says US agency
The average global temperature tends to be higher during El Niño, with scientists forecasting the summer of 2023 to be among the hottest globally.
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- March 10 2023
Hannover Re’s 2022 APAC P&C combined ratio surges to 126.1%
The German reinsurer was hit by floods in Australia and Malaysia, typhoons in Japan and South Korea and Covid losses in Taiwan and Thailand.
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- March 9 2023
Delta Insurance New Zealand and Delta Property to merge
Delta Property MD Andrew Beaton is set to become CEO of Delta Insurance New Zealand under the new structure.
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- March 8 2023
New Zealand P&C insurers staring at weaker earnings season: S&P Global
Kiwi's carriers have adequate capital buffers despite two Q1 mega weather events which will contribute to rising reinsurance costs.
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- March 8 2023
Litigation insurance specialist Litica expands APAC capacity
The additional capacity enhances the carrier's 'capabilities for litigation and arbitration risks in Hong Kong, Singapore, Australia and New Zealand'.
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- March 7 2023
WTW appoints Tony Calnon head of complex claims for Australasia
Calnon joins the broker from loss adjuster Crawford, where he was a forensic accountant.
