Country: Australia Page 48 / 73
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- December 29 2020
RCEP to comprise 25% of global premiums
Asian trade deal will come into force in 2021 and boost premiums by US$9.6bn by 2030.
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- December 21 2020
Suncorp confident on reserving after ‘favourable’ BI ruling
Complex ruling comes as Australia's High Court considers another wide-ranging Covid-19 case.
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- December 18 2020
Asia insurtech fundraising 2020 review
Waterdrop’s US$230m “mega round” with Swiss Re was the largest deal this year.
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- December 18 2020
ICA High Court appeal puts BI claims at US$7.5bn
IAG, QBE and Suncorp are all facing significant claims if NSW court ruling is upheld.
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- December 18 2020
QBE’s shares dive on US$1.5bn FY loss warning
ASX-listed global P&C player hit hard by Covid-19, nat cats and North America write-downs.
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- December 16 2020
Partners Life buys NAB’s New Zealand life business for US$206m
Another Australian lender exits the life market.
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- December 15 2020
Prudential Financial VC fund eyes APAC insurtechs
PruVen Capital will hold US$300m in capital in its first fund.
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- December 14 2020
Australia BI claims unlikely to have Asia domino effect
Many (re)insurers withdrew coverage due to large claims after the SARS outbreak.
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- December 14 2020
Queensland’s October hailstorm losses reach US$927m: Perils
Market claims have surged since November.
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- December 9 2020
MS&AD completes acquisition of CBA’s BoComm Life
Japanese insurer finalises long awaited China deal.
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- December 9 2020
Australia’s D&O pricing outlook ‘uncertain’ after 2020 surge: Marsh
Several ASX companies have seen average cost increases in excess of 200% compared to last year.
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- December 8 2020
Australian insurers to appeal adverse BI decision
Insurance Council of Australia to challenge NSW ruling on Covid-19 claims in the High Court.
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- December 8 2020
Marsh’s New Zealand and Pacific specialty leads to swap roles
Josh Roach and Marcus Pearson will make the moves.
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- December 7 2020
Australia should increase flood mitigation: Geneva Association, IAG
Government’s current approach heavily predisposed to response and recovery.
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- December 3 2020
RBNZ accuses Pacific International of ‘further’ breaches
New Zealand regulator escalates its response to ongoing compliance failures.
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- December 2 2020
Allianz swoops on Westpac’s P&C arm in US$535m deal
German giant underwrites the bank's business, motor and travel books.
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- December 1 2020
AUB Group purchases 360 Underwriting Solutions
The broking group's underwriting agencies set to be restructured into three sub-divisions.
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- November 30 2020
NSW’s market on alert after bushfires and extreme heat
Summer started with an unwelcome combination over the weekend.
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- November 30 2020
APAC climbs the 2021 P&C broker growth agenda
With Aon's merger with WTW to complete next year, rivals are eyeing opportunities in the region.
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- November 27 2020
Aussie BI losses to strain reinsurance relationships
Continued uncertainty around the ultimate loss and the nature of claims weighs on sector.
