Country: Australasia Page 75 / 102
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- December 2 2020
Allianz swoops on Westpac’s P&C arm in US$535m deal
German giant underwrites the bank's business, motor and travel books.
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- December 1 2020
AUB Group purchases 360 Underwriting Solutions
The broking group's underwriting agencies set to be restructured into three sub-divisions.
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- November 30 2020
NSW’s market on alert after bushfires and extreme heat
Summer started with an unwelcome combination over the weekend.
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- November 30 2020
APAC climbs the 2021 P&C broker growth agenda
With Aon's merger with WTW to complete next year, rivals are eyeing opportunities in the region.
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- November 27 2020
Aussie BI losses to strain reinsurance relationships
Continued uncertainty around the ultimate loss and the nature of claims weighs on sector.
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- November 26 2020
‘Significantly lower’ profits at Australia’s P&C players: APRA
It has been a tough 12 months for the sector as market enters perilous summer season.
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- November 25 2020
Willis Re appoints Cameron Hick for Australia director role
He joins from Partner Re and has previously worked at Munich Re in Australia.
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- November 24 2020
Tower agrees US$29.5m settlement with EQC
The compromise ends almost a decade of uncertainty for shareholders.
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- November 24 2020
PSC’s shares halted on ASX as fundraise expected
The acquisitive broker is looking for funds for more overseas deals.
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- November 23 2020
New Zealand’s Ohau fire claims surpass US$24m
It was one of the largest wildfires in the country's history.
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- November 23 2020
IAG looks to raise US$550m to stem BI claim blow
The shares are being issued at a 7.5% discount.
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- November 20 2020
IAG most exposed after adverse BI ruling
Higher business interruption claims expected after surprise unanimous court verdict.
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- November 19 2020
IAG halts share trades, QBE and Suncorp react to BI verdict
Firms explaining to shareholders the implications of a decision by the NSW Supreme Court.
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- November 19 2020
ICA considers appeal after BI policy court blow
The Insurance Council of Australia is set to consult with its members.
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- November 18 2020
Rates rise as Australia enters perilous summer nat cat season
La Nina, reduced capacity, expensive disasters and mitigation efforts are causing execs headaches.
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- November 17 2020
Bushfire season reignites as Bureau of Meteorology issues warning
A fire in Victoria, extreme heat and a damning scientific climate report see market on high alert.
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- November 17 2020
2019 Timaru hailstorm losses soar to US$117m: ICNZ
As the first year anniversary approaches, the claims bill is a significant increase over previous figures.
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- November 16 2020
Suncorp reserves US$90m for Covid claims, market awaits court ruling
The insurer is preparing for the worst after three months of lockdown in Victoria.
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- November 11 2020
Charles Taylor adds Marsh veteran to Australia team
Richard Lance brings with him 3 decades of market experience.
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- November 5 2020
Steadfast Re hires APAC treaty director
The broker has recruited a former Aon Re exec.
