Country: Australasia Page 54 / 114
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- April 13 2023
New Zealand nat cat claims set new record for 2022: ICNZ
At US$218m, it is the third consecutive year a new record has been set, with 2023 already surpassing the total from January and February events alone.
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- April 13 2023
McLarens New Zealand brings financial lines specialist to its fold
Casualty and Professional Services' team led by Jeff Stagg will join the loss adjuster on April 17.
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- April 13 2023
ARPC declares cyclone event as Ilsa upgraded to category 5
The strongest tropical cyclone in the region in a decade is likely to hit Port Hedland, which is one of the largest iron ore ports in the world.
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- April 11 2023
Enstar completes US$1.9bn LPT deal with QBE Insurance
The transaction covers a diversified portfolio of business, covering International and North America financial lines, European and North American reinsurance portfolios, and several US discontinued programs.
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- April 5 2023
Allianz Commercial elevates Phuong Ly to Australia chief general manager
Sydney-based Ly will lead the newly integrated division for the country serving both mid-sized and large businesses.
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- April 5 2023
Australian antitrust regulator questions benefits of Suncorp’s bank divestment
The company said the bank sale to ANZ will allow it to "improve its processes as well as enhances the capacity to attract capital" to support its insurance business.
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- April 3 2023
AUB and PSC postpone Tysers UK retail JV launch to May 1
The Australian brokers told the stock exchange that the start date has been delayed by a month as the deal finalisation continues.
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- March 31 2023
Hollard Insurance’s underwriting to benefit from lower expenses and rate hikes: AM Best
The rating agency has affirmed an insurer rating of A- (excellent) with a stable outlook for the company.
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- March 31 2023
Cyclone Gabrielle initial losses at US$940m: Perils
This is substantially higher than ICNZ data which came out a week ago at US$555.3m.
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- March 30 2023
Medibank served another lawsuit for cyber security lapse
Law firm Quinn Emanuel Urquhart & Sullivan has initiated a class-action lawsuit for breach of disclosure obligations.
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- March 29 2023
Australian brokers placed US$12.4bn premium in second half of 2022: APRA
The figure was a 7.6% increase over the same period in 2021 and included US$1.6bn with Lloyd's.
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- March 28 2023
NSW’s new government urged to bin premium levy
Dropping the emergency service levy, which adds an 18% surcharge to home insurance and 40% to business premiums in the state, will lower insurance costs.
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- March 24 2023
Tower taps APRA for new chief risk officer
Sharyn Reichstein, who was a general manager at the Australian regulator, will join the Kiwi carrier in July.
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- March 24 2023
Marsh McLennan appoints Josh Roach as New Zealand CEO
The new role will be in addition to his current responsibilities as Marsh New Zealand CEO.
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- March 23 2023
Cyclone Gabrielle claims reach US$558m: ICNZ
Hawke's Bay accounts for more than half of the total value at US$302m despite having a third of the total 40,000 claims.
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- March 23 2023
GCube bets on Australia’s green transition
The Tokio Marine-backed MGA’s chief executive Fraser McLachlan discusses Australia expansion and Asia Pacific strategy.
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- March 23 2023
Youi names Laura Wood as head of reinsurance
Laura to join Youi from Swiss Re and will replace Piers Maunder on April 17.
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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.
