Country: Australasia Page 58 / 102
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- May 23 2022
ICA welcomes new Australian government
Labour Party has pledged to provide A$200 million a year for a Disaster Ready Fund.
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- May 19 2022
Chubb appoints Australia, New Zealand head of distribution
The head of major accounts is starting the role on July 1.
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- May 16 2022
Queensland launches resilience scheme as more floods arrive
The US$500m Resilient Homes Flood is the largest such programme to be launched in Australia.
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- May 13 2022
Reinsurance pool to fall ‘short of expectations’: Aussie coverholder
Redicova, a provider of parametric wind insurance, predicts a 10% reduction in premiums.
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- May 13 2022
Allianz Australia takes 20.8% COR nat cat hit
Combined ratio hits 106.6% after February and March flooding drives €150m loss.
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- May 12 2022
HDI Global Specialty names head of aviation for Australia, NZ
Dylan Jones has been promoted from his role as a senior underwriter.
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- May 11 2022
Japan, India lifts Munich Re 1.4 renewals after Aussie flood losses
The German reinsurer lost US$465m from the floods in Q1.
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- May 11 2022
Arch Australia bolsters professional lines with two promotions
Aisling Hegarty and Steven Gaitanis assume managerial responsibilities for underwriting.
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- May 11 2022
AUB gains Asia, Lloyd’s scale with Tysers deal
Around 17% of Tysers' GWP last year came from Asia as it looks to double headcount in Singapore.
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- May 10 2022
AUB acquires Lloyd’s broker Tysers for US$618m
PSC Insurance Group is also entering into a JV for Tysers' UK retail operations.
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- May 9 2022
Adani CEO plea proves power of (re)insurers in climate battle
43 firms have excluded themselves from the Carmichael coal project.
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- May 6 2022
QBE CEO warns of US$75m hit from Ukraine crisis
The Australian insurer has exposure to political violence, political risk and aviation.
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- May 5 2022
Gallagher snaps up Melbourne broker
Woodridge Insurance Services specialises in property, liability, commercial motor and PI.
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- May 5 2022
Australia floods hit Hannover Re’s Q1 P&C COR
The February and March floods have cost the global reinsurer US$196m so far.
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- May 4 2022
520,000 Aussie properties ‘uninsurable’ by 2030: Climate Council
80% of the risk is due to riverine flooding for "high risk" properties.
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- May 4 2022
Aussie floods put pressure on capacity ahead of renewals
P&C insurers have begun increasing premiums and tightening policy wordings as they take stock.
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- May 2 2022
Claims expected as record rainfall hits Townsville in Australia
The Queensland town had a US$800m flood in 2019.
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- April 29 2022
APAC P&C rate increases slowed again in Q1: Marsh
Pricing index shows financial and professional lines still rising in double digits.
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- April 28 2022
Australia’s QBE withdraws from Irish P&C market
The insurer will continue to offer "incidental" Irish policies from the UK.
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- April 27 2022
PSC Insurance Group acquires Aussie broker
The deal for Alan Wilson Insurance Brokers is worth US$12.6m and will add 21 staff.
