Country: Australia Page 34 / 78
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- September 29 2022
Axa XL charges up APAC, Europe energy team with Scor hire
Olivier Croese will join the Paris office as product leader for energy and construction.
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- September 29 2022
QBE sells Irish casualty commercial renewal rights to Ascot
Ascot will offer renewal terms on the portfolios and the existing back book policies will remain with the Australian insurer.
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- September 29 2022
Opinion: Australia’s natural disaster fund far from ‘ready’
The US$135m federal government funding should be matched and cross-country coordination improved, as the ICA demands.
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- September 29 2022
Optus cyber loss expected to breach US$1bn
Australian cyber carriers brace for a major hit with potentially multiple insurance payouts as law firms prepare class action suits.
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- September 27 2022
Arch Australia lands Allianz’s Daniel Khalil as senior underwriter
The Sydney-based property specialist will be responsible for expanding the insurer's distribution network and diversifying the product portfolio.
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- September 26 2022
WTW eyes Australia trade credit market with senior hire
Sydney-based Alistair Hewson, who will lead the team, has previously worked at Allianz Trade and Atradius.
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- September 22 2022
Australia’s H1 GI intermediated GWP grew 18% to US$11bn: APRA
US$1.2bn was placed with Lloyd's underwriters, up 10% over the same period last year.
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- September 14 2022
Lloyd’s crypto coverholder Evertas enters Hong Kong and Australia
The Chicago-based company uses capacity from Arch Insurance to offer cover against theft or loss of blockchain assets.
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- September 14 2022
Rising cat claims force APAC governments to partner reinsurers: S&P
Government-backed cat pools and widening agri cover are seen as ways to maintain affordability.
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- September 13 2022
Eastern Australian floods insured losses reach US$4.33bn: Perils
The figure is around US$960m higher than the data specialist's last analysis, making it the costliest cat loss event in the country ever.
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- September 8 2022
AUB acquires IAG-owned strata unit in Austagencies build out
Underwriting agency SUU will still get capacity from Insurance Australia Group under a long-term binder agreement.
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- September 7 2022
FM Global’s James Thompson becomes APAC leader as trio promoted
Tan Hian Hong and Andrew Stafford also handed senior operational roles.
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- September 7 2022
Atele Toma to lead Allied World’s APAC A&H underwriting
Former Arch underwriter will oversee the business across Singapore, Hong Kong and Australia.
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- September 6 2022
Rising litigation funding drives higher claims costs in Australia
Social inflation remains far harder to predict than economic inflation.
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- September 2 2022
Dual promotes Michael Ussher to Asia Pacific deputy CEO
The MGA has also appointed Jane Cullen as CIO for APAC.
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- September 1 2022
Australian east coast flood losses hit US$3.61bn: ICA
The government launches new body to improve nat cat responses as annual disaster costs expected at US$50bn by 2060.
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- August 30 2022
Lockton rejects Adani’s Carmichael mine deal: report
The broker is the latest (re)insurance firm to distance itself from the controversial project.
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- August 26 2022
Australia’s P&C underwriting profits rose 328% on back of reinsurance recoveries: APRA
Net incurred claims fell 5.1% to US$18.2bn for the year ending June 30.
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- August 26 2022
QBE veteran to take reins at 360 Underwriting Australia
Jason Clarke is set to join as CEO at the Lloyd's coverholder and specialty MGA in November.
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- August 25 2022
Australian market braces for ‘triple-dip’ La Niña
Carriers are buckling up for yet another summer of severe nat cat claims.
