Country: Australasia Page 47 / 105
-
- March 7 2023
Analytics: Underwriting gains spur Australian carriers stung by investment losses
Rate increases helped non-life underwriting profit grow 69.4% in 2022 despite higher claims.
-
- March 6 2023
Queensland starts CTP review as it warns carriers may exit low-profit scheme
The regulatory review is focused on improving the sustainability of the scheme and will not change premium-setting processes and compensation benefits.
-
- March 6 2023
Auckland flood claims cross NZ$1bn: ICNZ
Insurers have received 48,000 claims from the North Island floods, while Cyclone Gabrielle claims lodged have reached 30,000.
-
- March 6 2023
Charles Taylor boosts Australia team with eight hires
The property and liability teams each will take on board three new members in Melbourne, Sydney, Perth and Townsville.
-
- March 6 2023
Tower places reinsurance reinstatement cover
Tower said it now maintains sufficient protection for two additional catastrophe events in FY 2023 following the Auckland flooding and Cyclone Gabrielle.
-
- March 3 2023
Saga calls off Acromas sale talks with Australia’s Open
The Sydney-based digital insurer was reportedly leading the race for the UK insurance group's personal lines underwriting arm.
-
- March 1 2023
BMS acquires Sydney broker Armstrong Nisbet
Armstrong Nisbet Insurance Brokers is a construction and engineering specialist that has insured iconic projects such as the Sydney Opera House.
-
- March 1 2023
Canopius expands Australia operations with Melbourne office
The new hub will be led by David Mutton who joins the specialty (re)insurer from Axa XL as casualty underwriter, Asia Pacific.
-
- March 1 2023
Nathaniel Simpson to step up as Youi’s new CEO
The chief product officer is taking on the role in July to replace Hugo Schreuder who is retiring.
-
- February 28 2023
Tower’s reinstatement talks in progress for two more nat cat events
While the Auckland floods cost will be covered by reinsurance, Gabrielle claims are also likely to trigger the Kiwi carrier's cat reinsurance cover with an excess of US$7.3m.
-
- February 28 2023
Amwins takes minority stake in Australia MGA incubator
The global broker is investing in Rhodian which is building a network of underwriting agencies through its own technology and capacity relationships.
-
- February 27 2023
Flooding bill from Queensland, NSW hits US$3.9bn one year on: ICA
The dramatic summer 2022 flooding event was the costliest insurance event in Australia's history.
-
- February 24 2023
Crawford Australia ropes in senior adjuster from McLarens New Zealand
Jon Stagg, who has relocated to Melbourne, joins as senior general adjuster to expand its liability claims team.
-
- February 24 2023
Steadfast-owned Insurance Brands Australia acquires Melbourne broker
The target, Southern Cross Brokers, has merged with the IBA-owned Insurance House team.
-
- February 24 2023
Weak earnings season ahead for Australia’s insurers: S&P Global
Solid capital buffers and ability to increase premium rates are helping to offset rising cost of claims.
-
- February 22 2023
Steadfast sees 27.2% revenue growth in H1 as GWP climbs 14.7%
The Sydney broking group is on target to complete US$150m of trapped capital acquisitions this fiscal year.
-
- February 22 2023
AUB’s H1 net profit falls on acquisition costs, but underlying earnings rise strongly
CEO Michael Emmett said Tysers was outperforming expectations with underlying net profit of US$12.3m in three months.
-
- February 22 2023
Tokio Marine-owned renewables specialist GCube launches with local paper in Australia
The Sydney-based firm will underwrite on locally authorised paper issued by Tokio Marine & Nichido Fire Insurance Australia.
-
- February 22 2023
PSC bolsters H1 top line by 15%, ups FY profit guidance
The Melbourne broker benefited from recent acquisitions, including in Hong Kong, and 9% organic growth, as it registered net profit of US$14.7m.
-
- February 22 2023
Enstar Group in LPT deal with RACQ for 80% of motor liabilities up to accident year 2021
Under the reinsurance deal RACQ will cede net reserves of approximately US$264m.
