Country: Australasia Page 80 / 122
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- April 5 2022
Tokio Marine: Greensill policies were ‘void from inception’
The Japanese insurer says that it will vigorously defend any claims relating to the supply chain financial firm.
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- April 5 2022
Cyclone Dovi claims reach US$30.8m: ICNZ
The February storm hit areas including Northland.
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- April 4 2022
No deal agreed with Tysers: AUB Group
M&A discussions haven't led to a transaction being agreed on acceptable terms, AUB said.
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- April 4 2022
Australia P&C renewals to be ‘tougher’ as cats bite: AM Best
Insurers usually buy cat excess-of-loss reinsurance with a limit above an expected 1-in-200-year loss.
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- March 31 2022
Aussie insurers prioritise governance as product design rules bite
Moves to redefine 'retail' may make this even more important.
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- March 31 2022
Cyclone reinsurance pool legislation passes in Australia
ICA urges details about the impact on premiums to be released.
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- March 30 2022
Axa XL appoints new Australia head of distribution
The director is relocating from Hong Kong to Sydney and starts on April 1.
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- March 30 2022
TigerRisk enters Australia, the Pacific
The global reinsurance broker has hired veteran Simon Chandler.
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- March 30 2022
APRA appoints new executive director of insurance
Sean Carmody takes over from Brandon Khoowill, who becomes executive director of cross-industry insights and data.
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- March 29 2022
Australia floods are an earnings, not capital event: Fitch
Most losses will be borne by IAG and Suncorp, as La Nina conditions are set to continue in Q2.
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- March 28 2022
ICA calls for Australia cyber market overhaul
A new whitepaper calls for businesses, insurers and government to do more to promote sector.
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- March 25 2022
2021 NSW and Queensland flood loss downgraded to US$515m: Perils
The data specialist had expected in September that the event would cost the market US$562m.
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- March 24 2022
Australia flood claims reach US$1.8bn: ICA
Over 159,000 claims lodged with insurers in one of the country's worst flooding disasters.
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- March 23 2022
Major Australia BI decisions appealed to High Court
The ICA says it understands the need for "definitive guidance".
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- March 18 2022
Delta taps Allianz for new general manager in Australia
The MGA hopes to bring on board its first Australian clients later this year.
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- March 18 2022
New Zealand introduces nat cat Bill for disaster response
The move helps clarify the current Earthquake Commission Act and takes lessons from 2010-11.
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- March 17 2022
Suncorp sees 34,000 flood claims, ups nat cat allowance
The group is forecasting a net retained loss of US$54m as it seeks recoveries from reinsurance.
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- March 14 2022
Flood claims hit US$1.5bn: ICA
Over 135,000 claims have been received from south-east Queensland and New South Wales.
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- March 11 2022
Australian broker PSC raises US$59m for M&A
ASX-listed firm is targeting commercial broker deals in Australia and the UK.
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- March 10 2022
IAG ups FY nat cat estimate to US$800m
The group has received 24,000 recent flood claims and says that it has 'all hands on deck'.
