Country: Australasia Page 49 / 102
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- November 30 2022
Australia floods: insurers settle US$2.37bn in 2022 claims
About 69% of the 237,000 claims raise this year have been settled to date, according to data from the Insurance Council of Australia.
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- November 30 2022
Tokio Marine-backed ICEYE in Asia nat cat data push
The Finnish satellite tech provider, which offers disaster claims management services, is looking to expand beyond Australia and Japan.
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- November 30 2022
Aon shakes up APAC reinsurance leadership
Robert De Souza to take charge as regional president, Reinsurance Solutions and John Carroll to succeed him as Australia and New Zealand CEO.
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- November 30 2022
Steadfast-owned Insurance Brands Australia snaps up Victoria broker
The Mattiske & Henderson acquisition is the broker's second deal in two weeks following its Aus Insurance buy earlier this month.
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- November 30 2022
Zurich relocates UK exec as Australia property and marine head
Evan Moore will start in the newly created Sydney-based role in February.
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- November 29 2022
QBE’s underwriting profitability likely to moderate: Fitch Ratings
The Australian giant improved its combined ratio to 82% in H1 2022, but inflation and reinsurance costs are increasing.
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- November 29 2022
Suncorp names reinsurance manager for responsible investment
Rachel Yao has most recently been a senior capital and reinsurance specialist at the insurer.
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- November 25 2022
Gallagher acquires Smart Insurance in Australia
This is the sixth deal in the country in as many months for the US broker with more deals in the pipeline.
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- November 25 2022
Reinsurance rates to rise the most in Australia: Fitch
Rates for property catastrophe should increase by over 10% when contracts are renewed in 2023.
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- November 24 2022
Tower’s FY 2022 COR improves to 90.1% but profits slip
The company said the strengthening of Canterbury earthquake reserves and a customer remediation provision impacted results.
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- November 24 2022
ICA warns New South Wales, Queensland floods could become the costliest
236,000 claims worth US$3.67bn have been reported across the states for the February/March disaster.
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- November 23 2022
Ardonagh snaps up Australia’s Envest for US$320m
The Brisbane-based firm, which owns broker consolidator the Aviso Group, will continue to be led by Greg Mullins and trade under the same brand.
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- November 23 2022
Allianz to join Australian cyclone reinsurance pool in January 2023
The insurer said the average premium offered to existing customers exposed to cyclone and related flooding risk will be around 6% lower.
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- November 22 2022
RBNZ proposes to vet insurers’ senior management hires
The industry regulator wants to ensure proper assessments of the senior management candidates before their appointment.
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- November 21 2022
QBE ups FY 2022 nat cat estimate by US$98m
The new figure is US$1.06bn as 'elevated catastrophe activity' continued in H2.
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- November 18 2022
Aviso Group buys marine specialist Australian Risk Applications
It is the fourteenth deal by the Envest-backed broking house, which controls over US$300m GWP.
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- November 18 2022
Australian ransomware payment ban offers relief to hardening cyber market
A series of high-profile cyber attacks on major institutions to likely cause a surge in H2 loss ratios for cyber programmes.
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- November 17 2022
Gallagher Australia’s Mark Rudman to lead marine specialty
Sydney-based Rudman was the broker's manager for marine, transport and logistics.
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- November 17 2022
November floods add to rising Australia nat cat woes
Thousands of claims from NSW, Victoria and South Australia add to US$650m plus bill since July 1, as prices become 'out of reach'.
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- November 16 2022
AA Insurance names Michelle James as CEO
James, who joins from Tower Insurance, will assume office in February 2023.
