Country: Australasia Page 56 / 108
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- November 10 2022
ASIC warns insurers of likely surge in claims, seeks higher preparedness
Australian securities regulator said firms need to gear up for the summer as La Nina persists.
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- November 8 2022
PSC confirms trio of acquisitions as Hong Kong revenue climbs to US$4.5m
The group is spending US$14m on Hong Kong's Charter-Union Insurance Brokers, Ensurance UK and Australia's Trade Credit Risk.
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- November 8 2022
APRA’s new capital guidelines won’t impact ratings, says Fitch
Fitch believes the latest regulatory expectations may carry implications for the pricing of capital instruments.
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- November 8 2022
Gallagher snaps up Melbourne broker
JLS Insurance Consulting's team will join Gallagher's Melbourne office.
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- November 8 2022
Suncorp cat claims in Q1 hit about 50% of deductible
The Australian insurer said it expects its nat cat claim costs to be in the range of US$225m-US$263m between July and October 2022.
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- November 7 2022
RMS’ Michael Steel: ‘Committed to expanding APAC footprint in terms of models, perils and people’
In an IAN interview, the risk modeller’s global head discussed regional growth plans, climate change, the ILS market, cyber risks, ESG underwriting and the Moody’s merger.
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- November 4 2022
BCC underwriter accuses Greensill of ‘deceptive conduct’ in Australian court filing: report
The accusation was made by Greg Brereton in a November 2 court filing in response to a case brought by US investment house White Oak.
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- November 3 2022
ICA unveils 2030 insurer net zero roadmap
Instruments include office rooftop solar panels, energy efficiency investments and electric fleets.
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- November 2 2022
Arch Insurance Australia bolsters liability underwriting with AIG hire
Louise Lumley becomes Northern Region underwriting manager, executive assurance.
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- November 2 2022
Cover Genius raises US$70m in fresh funding round
The insurtech wants to invest in its global distribution platform XCover.
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- November 1 2022
‘Loss-propping capital’ is drying up for insurtech start-ups
APAC-based insurtechs have raised a total of US$1bn across 76 deals in Q3.
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- November 1 2022
Perils decreases loss estimate for October 2021 Southern Australia storms
The final loss figure is US$621m, down from US$650m.
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- October 31 2022
Lockton acquires Perth-based specialty broker
Zenith Insurance Services specialises in aged care, disability, aboriginal medical health and community service organisations.
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- October 31 2022
Rising rates, capacity pinch leave strata cover high and dry
With an increase in cat activity, strata has been the worst-performing property line in Australia.
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- October 31 2022
New South Wales government announces US$513m flood package
Since 2019 insurers have received more than 577,000 claims related to declared flood events to the value of $5.64bn.
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- October 31 2022
Australian insurance regulator names new chair
APRA has elevated John Lonsdale to chair and appointed Margaret Cole as deputy.
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- October 27 2022
Policy wording failure key reason for Covid BI exposure: APRA
Insurers dithered because of a perceived “first-mover'' disadvantage of losing business if policies were adjusted to reflect Quarantine Act changes.
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- October 26 2022
Chubb promotes Jennifer Vanek to senior Australia global broker role
She has been at the insurer for five years working across product, distribution and key accounts.
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- October 26 2022
Canopius’ Newman: APAC demand and economic fundamentals ‘still very strong’
The APAC CEO tells IAN about the carrier’s regional expansion as it embarks on its next five-year plan.
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- October 26 2022
Australia formalises US$630m special disaster fund
The Labor government’s first budget announced additional measures to strengthen insurance framework.
