Country: Australasia Page 96 / 127
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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.
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- March 5 2021
PSC eyes acquisition spree following UK, HK deals
MD Tony Robinson tells IAN the firm has also merged a trio of Hong Kong purchases.
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- March 4 2021
Munich Re appoints Scott Hawkins to lead Australasia
The Sydney-based executive is currently head of the global giant's non-life business in the region.
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- March 4 2021
QBE’s new boss faces tough test
Beazley CEO Andrew Horton is inheriting a US$1.5bn loss and uncertainty around business interruption claims.
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- February 26 2021
Australia’s second BI test case goes federal
Allianz, IAG, Chubb, Guild, and Swiss Re seek clarity on trigger clauses and the impact of government shutdowns.
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- February 25 2021
Gaps remain despite record weather claims: ICNZ head
The industry association's CEO tells IAN that commercial property and agricultural crops still lack protection.
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- February 25 2021
Australia brokers’ strong results belie Aon/WTW concerns
AUB, Steadfast and PSC all announced eye-catching results.
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- February 23 2021
Australia construction has ‘plenty of capacity’ despite pullbacks
A market source told IAN that rate rises were coming from a low base.
