Country: Australasia Page 47 / 108
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- May 1 2023
Specialist Apollo syndicate ibott teams up with new Australian Lloyd’s coverholder
Mustard Underwriting is offering cover for the 'sharing economy'.
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- April 28 2023
AUB and PSC delay Tysers retail JV deal again
Commercial terms are expected to be finalised in the coming weeks delaying the start date of May 1.
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- April 28 2023
Australian MGA Xenon approved as Lloyd’s coverholder
Xenon Underwriting will offer SME, complex and high hazard property and liability lines, through several Lloyd's binders.
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- April 27 2023
Perils revises Australia October flood losses to A$907m
Personal lines property losses constituted 65% of the total industry loss, while commercial lines property losses represented 25% and motor losses at 10%.
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- April 27 2023
Axa XL names APAC & Europe cyber product leader
Carlos Rodríguez Sanz has been promoted and is responsible for growth and development of cyber across Asia, Australia and Europe.
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- April 27 2023
MGAs see ‘flight to quality’ in Asia amidst market hardening
Following the 1.1 renewals, sourcing capacity is becoming harder but niche players may still have an edge.
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- April 26 2023
Aon names Paul Grasso head of treaty, Australia and New Zealand
The broker's former head of property is part of the Reinsurance Solutions team and is based in Sydney.
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- April 24 2023
Tower to sustain underwriting profits despite nat cat events: AM Best
The majority of the gross cost involved with weather events was absorbed by its catastrophe excess-of-loss reinsurance treaty.
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- April 24 2023
QBE appoints Serene Davis as global head of cyber
Davis was previously with Beazley as regional manager of the West and head of the Los Angeles office.
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- April 24 2023
IAG revives RACQ takeover talks: report
The Australian reported that discussions have resumed between both parties even as a conclusive deal could take time and is ‘some way off’.
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- April 24 2023
Kiwi broker Donaldson Brown appoints first CEO
Stefan Azzopardi has joined from health and pet insurer Southern Cross Health Society, where he was chief finance and risk officer.
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- April 24 2023
Australia’s Optus hit with class action over cybersecurity breach
The Singapore-owned telecoms giant said it is reviewing the court documents with its lawyers and will vigorously defend the proceedings.
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- April 21 2023
Helia Insurance to see underwriting stress in medium term: Fitch Ratings
The rating agency has affirmed the lenders mortgage insurance company an'A' (strong) rating with a stable outlook.
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- April 21 2023
Opinion: Ransomware payments down under – to ban or not to ban?
Insurers suggest an outright ban on ransoms and extortion demands in data breach incidents could be a blunt, ineffective policy instrument.
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- April 21 2023
QBE to maintain high-single digit growth in 2023 with a 93.5% COR target: Fitch
Fitch’s CreditSights has re-initiated coverage on QBE Group Insurance with a ‘market perform’ recommendation.
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- April 20 2023
Sedgwick appoints key leaders in forensic accounting team
Andrew Cardamis and Jillian Pancott have been promoted to partner and director respectively, and bring over a decade of client experience.
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- April 20 2023
New Zealand EQC targeting US$155m cat bond offering in Singapore
The first ILS offering by the commission will have a four-year term and provide multi-peril cover.
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- April 19 2023
ICA commissions external review of 2022 industry flood response
Deloitte will analyse insurers’ reactions to the February and March event and suggest practices to respond better to future extreme weather events.
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- April 19 2023
BMS snaps up Perth broker Western United Financial Services
WUFS is a specialist in hospitality and transport and its managing director Brett Waterman will lead BMS’s Western Australia business.
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- April 19 2023
HDI Global Australia appoints state manager for southern region
Stephen Jones joins the carrier from Marsh, where he was managing director for affinity in the Pacific region.
