Country: Australia Page 38 / 118
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- August 22 2024
Epsilon Underwriting secures capacity to renew property ISR policies written by Argenta Australia
The move follows Argenta Group's announcement that it will close its Sydney office in July after a review of its underwriting activities.
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- August 21 2024
Leadenhall and Bennelong launch cat bond fund for Australia and New Zealand
The two firms had in October last year joined hands to distribute ILS strategies to institutional investors in the region.
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- August 21 2024
AUB logs 32.5% growth in FY 2024 after-tax profit on margin expansion, acquisitions
The Sydney-based broker's chair David Clarke will retire in October with current director Peter Harmer set to assume the role.
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- August 21 2024
IAG grows FY 2024 insurance profit 79% to near US$1bn
The Australian insurer's COR improved 4.3 percentage points to 89.3% and its GWP grew 11.3% to US$11bn for the financial year ended June 30.
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- August 20 2024
La Niña arrival likely delayed till October, say climate agencies
The Australian weather bureau noted that conditions continue to be ENSO-neutral and the extent and magnitude of cool water have decreased since last fortnight.
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- August 20 2024
Australia’s FTA Insurance expands public and products liability team with two hires
Both Melbourne-based, Daniel Malic joins the financial lines-focused Lloyd's coverholder as national general liability manager, as Janelle Ferraro joins as general liability underwriter.
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- August 20 2024
Sedgwick names Jennifer Blackwell as senior liability adjuster
Sydney-based Blackwell brings over 30 years of experience to the firm after having worked for leading insurers such as Suncorp Group, and Allianz in Australia.
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- August 20 2024
BHSI ropes in AIG’s Tim Air as executive underwriter for marine, Australasia
Melbourne-based Air has 25 years of experience in leadership and distribution roles across both Australia and New Zealand.
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- August 19 2024
AUB doubles down on UK retail expansion with Movo acquisition
The London-based broker is the second acquisition by the company in the UK after it picked up a 40% stake in AR network Momentum in June this year.
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- August 19 2024
Suncorp Group’s FY 2024 general insurance post-tax profit rises 42% to US$722.3m
Its general insurance results benefitted from strong growth in its consumer insurance, whose profit doubled to US$283.6m, while its New Zealand business tripled to US$118.4m, benefitting from benign nat cat claims compared to FY2023.
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- August 19 2024
Insured losses in 2023-24 flat at US$1.5bn, but number of claims lodged jumped 73%: ICA
The costliest event was the Christmas and New Year storms that hit Queensland, New South Wales and Victoria in December 2023 which caused US$900m in insured losses and nearly 100,000 claims.
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- August 16 2024
McGill and Partners expands Asia Pacific facultative team with two appointments
The broker has hired Sydney-based Brad Racker from Vero and named Rebecca Zacharow in London as associates in the regional fac team.
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- August 15 2024
ICA, Planning Institute of Australia urge governments to overhaul land use planning
In a joint communique, the two industry bodies urge state, local and the federal governments to step up reforms to tackle the country's growing housing challenges compounded by extreme weather risks.
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- August 15 2024
ARPC hires Cameron Hick as head of technical underwriting
Hick has over 25 years of experience in the reinsurance industry across Australia, Switzerland and Germany.
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- August 13 2024
PSC Insurance acquires specialist broker Eastern Prudential Insurance
The low-cost accommodation specialist wholesale broker has joined the Sydney office of the ASX-listed broking group.
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- August 13 2024
Newline continues Sydney expansion with Andrew Yeung hire
Yeung, who has been promoted to Australia head of D&O, will relocate to Sydney from Melbourne and work closely with Nick Beswick, head of professional indemnity.
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- August 13 2024
Sedgwick strengthens Australia liability team with Crawford hire
Sydney-based Filip Damjanovski joined from Crawford & Co where he was a senior liability general adjuster.
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- August 12 2024
Australia’s Colonial First State seeks to add cat bonds to pension portfolio: report
Australian pension fund managers, including Insignia Financial's MLC Asset Management, see robust returns from allocating capital to insurance-linked investments.
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- August 12 2024
QBE elevates Ed Rainsford to chief risk officer, Australia Pacific
Sydney-based Rainsford, who has been with the carrier for almost a decade, joins from the QBE group risk and compliance team where he has been the group chief compliance officer since July 2022.
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- August 12 2024
Mitsui Sumitomo Oceania hires David Hall as head of distribution
Sydney-based Hall joined from Envest where he was head of mergers, acquisitions and advisory for nearly two years from March 2022.
