Country: Australasia Page 71 / 119
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- August 12 2022
IAG places ‘largest’ nat cat allowance as underwriting profit falls 5%
Weather claims "more than doubled" in FY 2022 across Australia and New Zealand.
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- August 12 2022
Renae Gilbert starts at Axa XL as senior property underwriter
Sydney-based Gilbert joins from Australian carrier Vero Insurance.
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- August 11 2022
QBE COR climbs to 94.1% as H1 profits slump 66%
US$840m in investment losses due to wider credit spreads and market volatility.
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- August 11 2022
Scott Jerome takes over as head of Brooklyn Underwriting
Jerome is joining from his role as head of operations at Axa XL in Australia.
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- August 10 2022
Lloyd’s Asia upbeat on growth despite Argenta exit
Thomas Haddrill, Lloyd's Asia Interim CEO, says they are looking forward to welcoming new syndicates in 2022 and 2023.
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- August 9 2022
Japan and India drive up Munich Re’s 1.4 renewals
H1 operating profits down 34% on Australian flood hit and poor investment returns.
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- August 8 2022
Argenta ceases writing business on Singapore platform
The Australian operations at the Lloyd's firm will be unaffected by the decision.
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- August 8 2022
BHSI launches Australasia commercial hull line with ex-QBE hire
Jake Hesson will help expand the specialty player's marine product portfolio.
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- August 8 2022
Suncorp’s profits fall 34% on nat cats amid US$1.7bn of reinsurance recoveries
The group missed its full year nat cat target by US$70m and had an investment loss of US$131m.
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- August 8 2022
Allianz sees H1 P&C revenue decline in China but rise in Australia
Westpac GI integration in Australia helped GWP but it was hampered by Chinese economic conditions.
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- August 8 2022
Australian floods dampen reinsurers’ H1 results as secondary perils drive losses
Munich Re, Swiss Re, Hannover Re and PartnerRe were among firms hit by the wild weather.
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- August 4 2022
High Court of Australia to hear BI Covid appeals in October at the earliest: ICA
The Insurance Council of Australia said the market will meet the appeal costs in the ongoing dispute.
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- August 4 2022
New Zealand’s climate plan urges development of home flood insurance
The country’s first climate adaptation document wants to address affordability of cover.
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- August 3 2022
Aviso Broking continues deal spree with Queensland purchase
The broking consolidator has snapped up North Queensland Insurance Brokers.
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- August 3 2022
Urban floods in India, China and Bangladesh spurred H1 cat losses: Swiss Re
Floods in Australia were the costliest cat event in H1 2022 in terms of insured losses.
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- August 1 2022
IAG hit with class action lawsuit over Covid BI claims
The action relates to shares purchased in 2020 between March 11 and November 20.
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- August 1 2022
BHSI boosts Australasia transactional liability team with hire from Liberty
Nicholas Ferrari takes up a senior position and will continue to be based in Sydney.
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- August 1 2022
MGA Rokstone eyes Asia cat market opportunity
The specialty player has regional capacity and wants to expand as pricing hardens and terms improve.
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- July 29 2022
Swiss Re returns to profit as Australia floods add to US$270m H1 nat cat miss
The group saw a Q2 net profit of US$405m, while P&C reinsurance H1 nat cat claims were US$938m.
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- July 29 2022
Aviso Broking acquires Sydney’s Macquarie Insurance Brokers
Macquarie's clients are from sectors including construction, financial services and marine.
