Country: Australia Page 36 / 87
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- March 16 2023
Honan snaps up New Zealand’s Certus Insurance Brokers
Certus has 15 employees operating across offices in central and regional Auckland and is part of the NZbrokers network.
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- March 16 2023
PetSure gets general insurance licence in Australia
The pet health company already had an underwriting agency which provides pet cover.
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- March 14 2023
PSC Insurance acquires two UK businesses for US$15m
The acquisitions of a MGA and a retail broker are expected to add up to US$4.7m to PSC's top-line.
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- March 14 2023
Sedgwick names Kate Johnstone head of risk in Australia
Johnstone has over 25 years of insurance experience including managing risk and compliance operations.
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- March 14 2023
TravelCard appoints Michael Storozhev as chief underwriting officer
Sydney-based Storozhev will be part of the Australia executive leadership team, reporting to the regional CEO Peter Klemt.
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- March 14 2023
Michael Di Veroli named head of newly formed Epsilon specialty division
The experienced market exec will work across property, parametric, construction and liability product classes.
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- March 13 2023
Perils pegs Queensland, NSW floods final cost at US$4.35bn
Property accounted for 90.5% of the total losses while the remaining came from motor, the loss data specialist said.
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- March 13 2023
La Niña has ended with chances of El Niño, says US agency
The average global temperature tends to be higher during El Niño, with scientists forecasting the summer of 2023 to be among the hottest globally.
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- March 10 2023
Hannover Re’s 2022 APAC P&C combined ratio surges to 126.1%
The German reinsurer was hit by floods in Australia and Malaysia, typhoons in Japan and South Korea and Covid losses in Taiwan and Thailand.
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- March 8 2023
Litigation insurance specialist Litica expands APAC capacity
The additional capacity enhances the carrier's 'capabilities for litigation and arbitration risks in Hong Kong, Singapore, Australia and New Zealand'.
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- March 7 2023
WTW appoints Tony Calnon head of complex claims for Australasia
Calnon joins the broker from loss adjuster Crawford, where he was a forensic accountant.
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- March 7 2023
Analytics: Underwriting gains spur Australian carriers stung by investment losses
Rate increases helped non-life underwriting profit grow 69.4% in 2022 despite higher claims.
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- March 6 2023
Queensland starts CTP review as it warns carriers may exit low-profit scheme
The regulatory review is focused on improving the sustainability of the scheme and will not change premium-setting processes and compensation benefits.
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- March 6 2023
Charles Taylor boosts Australia team with eight hires
The property and liability teams each will take on board three new members in Melbourne, Sydney, Perth and Townsville.
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- March 3 2023
Saga calls off Acromas sale talks with Australia’s Open
The Sydney-based digital insurer was reportedly leading the race for the UK insurance group's personal lines underwriting arm.
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- March 1 2023
BMS acquires Sydney broker Armstrong Nisbet
Armstrong Nisbet Insurance Brokers is a construction and engineering specialist that has insured iconic projects such as the Sydney Opera House.
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- March 1 2023
Canopius expands Australia operations with Melbourne office
The new hub will be led by David Mutton who joins the specialty (re)insurer from Axa XL as casualty underwriter, Asia Pacific.
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- March 1 2023
Nathaniel Simpson to step up as Youi’s new CEO
The chief product officer is taking on the role in July to replace Hugo Schreuder who is retiring.
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- February 28 2023
Amwins takes minority stake in Australia MGA incubator
The global broker is investing in Rhodian which is building a network of underwriting agencies through its own technology and capacity relationships.
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- February 27 2023
Flooding bill from Queensland, NSW hits US$3.9bn one year on: ICA
The dramatic summer 2022 flooding event was the costliest insurance event in Australia's history.
