Country: Australia Page 64 / 87
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- November 16 2020
Suncorp reserves US$90m for Covid claims, market awaits court ruling
The insurer is preparing for the worst after three months of lockdown in Victoria.
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- November 11 2020
Charles Taylor adds Marsh veteran to Australia team
Richard Lance brings with him 3 decades of market experience.
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- November 5 2020
Steadfast Re hires APAC treaty director
The broker has recruited a former Aon Re exec.
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- November 4 2020
Queensland hailstorm claims soar as La Nina outlook worsens
It could be a long autumn and summer for insurers as losses reach US$140m.
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- November 2 2020
ICA: Queensland’s Halloween hailstorm is catastrophe
The weekend storm came the day after the Royal Commission sent in its final report on nat cats.
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- November 2 2020
Hawkins’ first day as IAG CEO sees exec and divisional shake-up
Mark Milliner is set to leave at the end of the month.
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- October 30 2020
Lloyd’s Apollo makes Adani coal mine reversal
26 (re)insurers have pledged to not provide cover for the controversial project.
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- October 27 2020
Westpac flags US$289m life unit write-down in tough H2
The embattled bank is facing a US$870m after-tax profit drop.
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- October 27 2020
Creeping hailstorm losses are Australia’s latest market challenge
As claims from one event reach US$430m - data, analytics and reinsurance are climbing the agenda.
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- October 26 2020
Asta-backed Lloyd’s syndicate-in-a-box targets US$25m GWP
It will start placing business in January and is aimed at mutuals in Australia and New Zealand.
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- October 26 2020
IAG’s growth sluggish as outgoing Harmer flags “challenging” H2
The firm's incoming CEO will take the reins after an exceptionally tricky period.
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- October 23 2020
QBE appoints veteran as interim global CEO
The search for a successor to Pat Regan continues.
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- October 23 2020
APAC’s insurers examining nat cat exposure as costs rise: S&P
Covering wildfires, typhoons and flooding is becoming riskier and more expensive.
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- October 23 2020
Suncorp’s Johnston keen to “capitalise on opportunities”
CEO hails firm's "strong fundamentals" at an investor presentation, despite the pandemic.
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- October 23 2020
NAB looks to offload NZ life arm as market exodus continues
The Australian lender's BNZ Life is back on the chopping block.
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- October 22 2020
McLarens’ Panes: Claims handling during pandemic “admirable”
The HK-based APAC COO speaks on regional expansion and adaptation.
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- October 21 2020
“Have a plan” for response to BI test case: ASIC
Australia's P&C insurers and Lloyd's coverholders need to coordinate action and communication.
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- October 20 2020
Perils pegs Queensland April hailstorm losses at US$429m
Insurers experienced unusually late and significant claims development.
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- October 16 2020
Another senior exec to leave QBE’s international division
The head of underwriting has been at the firm for over 30 years.
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- October 16 2020
Allianz may make play for Westpac’s P&C division
The Australian bank has been looking to simplify its operations.
