Country: Australia Page 35 / 78
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- August 24 2022
Unprecedented rise in need to place risks internationally: AUB Group CEO
AUB saw 22.2% profit growth in FY 2022 as M&A and rising GWP drove Australia revenues, but NZ earnings hit by BWRS challenges.
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- August 24 2022
PSC agrees US$5.4m Hong Kong broker deal; posts 30% EBITDA growth
Underlying revenue in FY 2022 grew 22.8% to US$175.4m including 13% of organic growth.
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- August 23 2022
Specialty MGA Delta handed favourable AM Best review
Delta is one of the first MGAs to be reviewed by a rating agency.
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- August 23 2022
Crawford bolsters Australian team with two senior hires
Andrew Webb joins from Charles Taylor in Sydney while Lynn Lappin joins in Brisbane from Sedgwick.
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- August 19 2022
Credit Suisse arm files 18 Greensill-related claims totalling US$2.2bn
The asset manager has filed claims for "all insurable losses", according to document reviewed by IAN.
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- August 18 2022
Ardonagh H1 results bolstered by Australia and specialty business
Revenue contribution of specialty and international climbed to 44% after a string of acquisitions last year.
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- August 17 2022
Steadfast swoops for Insurance Brands Australia, posts strong results
The broking group is paying US$210m for IBA which owns specialty underwriting agency ProRisk.
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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 3 2022
Aviso Broking continues deal spree with Queensland purchase
The broking consolidator has snapped up North Queensland Insurance Brokers.
