Country: Australasia Page 71 / 102
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- April 13 2021
Australia’s P&C players face climate trap
Reports suggest nat cat risk is worsening each cycle amid calls for more mitigation measures.
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- April 8 2021
APRA wants offshore reinsurance limits for life market
Deputy chair Helen Rowell says the lack of appropriate oversight is a prudential concern.
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- April 8 2021
Rail losses give recent Japan EQ US$1bn potential
McLarens adjuster tells IAN railway damage is likely to be key factor affecting claims after February's magnitude 7.0 earthquake.
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- April 1 2021
Secondary perils on increase in APAC: Swiss Re
The reinsurer's chief economist warns that climate change has no "expiry date" in the group's latest Sigma report.
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- March 29 2021
IAG pegs recent flood losses at US$153m
NSW and Queensland see 25,000 claims so far according to the Insurance Council of Australia.
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- March 26 2021
Marsh complaint unlikely to hold water in Greensill saga
Directors at Credit Suisse are reported to have said that the broker didn’t wave any "red flags" about cover.
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- March 25 2021
ICA: ‘Substantial’ BI issues to be resolved in 2021
Oral arguments in appeal of first test case could be heard in May.
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- March 23 2021
NSW floods: 11,700 claims filed and many more on way
Insurance Council of Australia notes that February 2020 rainstorms saw nearly US$800m pay-out.
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- March 22 2021
NSW floods to bring ‘significant’ commercial claims
Market sources tell IAN the loss situation is "dynamic" as Sydney dam overflows.
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- March 19 2021
APRA wants more cyber data from insurers
The regulator agreed an extended timeframe with the ICA to facilitate a "more effective process".
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- March 18 2021
Tower turns corner on Canterbury quake
New Zealand’s Reserve Bank halves the insurer's minimum solvency level to US$18m.
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- March 16 2021
Australia’s second BI test case moves ahead
Allianz, IAG, Chubb, Guild and Swiss Re face off in Federal Court against nine small businesses.
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- March 15 2021
CBA general insurance sale heats up with Tokio Marine entry: report
A CommInsure sale could generate US$730m as April bid deadline looms.
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- March 11 2021
APRA: No tolerance for further Allianz Australia shortcomings
Insurer and regulator agree to finalise a risk and compliance transition plan by March 19.
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- March 11 2021
Asia’s low profile trade credit market to soothe Greensill shock
Tokio Marine insists exposure is manageable amid shareholder concerns.
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- March 10 2021
Jarrod Hill to join IAG amid management reshuffle
Former Chubb country president starts in September as Amanda Whiting handed New Zealand CEO role.
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- March 9 2021
TAL Dai-ichi Life hires bankers for Westpac Life buy: report
The insurer has reportedly hired Bank of America Merrill Lynch to advise on a potential deal.
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- March 9 2021
Chubb names Peter Kelaher as head of Australia and New Zealand
The former P&C head replaces Jarrod Hill and will oversee 800 employees across seven branches.
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- March 9 2021
IAG sale of BCC in spotlight amid Greensill collapse
Australian insurer says it sold stake in trade credit player to Tokio Marine before the disputed policies were written.
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- March 8 2021
Greensill Capital: BCC underwriter ‘exceeded authority’
Court documents seen by IAN put the spotlight on two trade credit policies issued by the Tokio Marine subsidiary.
