Country: Australasia Page 70 / 108
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- October 28 2021
NZ’s P&C stress tests highlight offshore capital reliance
Physical and transition risks from climate change will feature in future tests from the regulator.
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- October 27 2021
Suncorp sees up to US$370m nat cat claims in four months
The P&C player's full year natural hazard allowance is A$980m.
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- October 22 2021
McLardy McShane seals deal for Sydney Insurance Brokers
The purchase creates a new entity — McLardy McShane Dimou — with Dora Dimou joining from a local rival.
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- October 21 2021
Australia’s Covid BI appeals set for November
Policyholders have filed appeals on five of the 10 test matters before a federal court.
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- October 21 2021
New South Wales hailstorm triggers 2,000 claims: ICA
Losses are expected to run into the tens of millions of dollars.
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- October 21 2021
Asia’s cyber market needs to learn its limitations
Systemic attacks on critical infrastructure have been described as "beyond the industry's capacity to insure".
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- October 20 2021
Gallagher acquires New Zealand broker Matt Jensen
The North Island broker is a specialist in the forestry and transportation industries.
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- October 15 2021
IAG brought to Federal Court by ASIC over discounts
Regulator alleges a subsidiary engaged in misleading conduct over discounts for personal policies involving around A$60m.
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- October 15 2021
Asia’s combined September economic losses exceed US$30bn: Aon
The region was hit by a series of powerful storms and two earthquakes.
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- October 14 2021
Fusion appoints Gallagher exec as a managing partner
Katherine Simmonds joins the specialist MGA in Sydney.
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- October 14 2021
Australia’s P&C players told to up their risk game
APRA's deputy chair Helen Rowell describes BI issue as a “significant mis-step” by the country’s general insurers.
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- October 13 2021
Tropical Cyclone Seroja loss revised downward to US$290m: Perils
The nat cat data provider's initial estimates put the cost to the insurance industry at US$318m.
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- October 12 2021
Cigna APAC deal gives Chubb Korean A&H boost: AM Best
Asia-Pacific to account for 20% of global operations once the acquisition closes.
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- October 11 2021
IAG, Suncorp review BI provisions after court win
The insurers have already set aside hundreds of millions of dollars to cover potential claims.
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- October 8 2021
Insurers win landmark Australia BI Covid case
The closely watched trial examined issues such as disease definition, outbreak proximity and the impact of government lockdowns.
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- October 7 2021
HDI boosts professional lines with two senior underwriters
Alexandra Fox-Slater and Luke Southwell join the specialty player from Chubb and Zurich, respectively.
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- October 7 2021
Victoria earthquake claims rise to A$147m: ICA
9,850 claims have been lodged to date with insurers so far.
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- October 7 2021
Australia’s nat cat costs on upward trajectory
Natural disasters cost Australia around A$38bn per year but this figure is set to rise significantly.
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- October 4 2021
Charles Taylor appoints four managers in Australia
Glyn Lloyd, Gary Pahl, Gary Wilmot and Debra Kerr have all joined the loss adjuster down under.
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- September 30 2021
Australia’s insurers ready for ‘sweeping changes’, ICA says
A plethora of wide-ranging reforms come online on October 1 following the Royal Commission's 2019 report.
