Country: Global Page 18 / 53
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- May 23 2023
Brown & Brown acquires Nexus and Xenia owner Kentro Capital
The acquisition gives the US broker a foothold in Asia through MGAs Nexus and Spectrum, and broker Capstone.
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- May 23 2023
Swiss Re leaves the Net-Zero Alliance
This is the fourth recent exit of a member following the departures of Hannover Re, Zurich and Munich Re.
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- May 22 2023
Japan’s big 3 count on overseas recovery as domestic results take nat cat hit
Tokio Marine, MS&AD and Sompo expect a revival in international units to drive FY 2023 performance.
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- May 18 2023
AUB in US$100m equity raise as Tysers UK retail JV with PSC called off
The fundraise is more than the US$66.5m it was due from PSC under the 50/50 JV agreement, as the broker targets more M&A.
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- May 17 2023
Howden appoints APAC chair amid global management restructure
Mark Wood takes on the insurance broking role with Goh Chye Huat and Matt Bacon to lead Asia and Pacific, respectively, as the broker brings retail, specialty, reinsurance and underwriting under group CEO David Howden.
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- May 12 2023
QBE hits 90% of H1 cat allowance, adjusts COR target
The global carrier has also strengthened reserves by US$130m for weather events in FY 2022.
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- May 12 2023
Hannover Re sees up to 20% nat cat rate hike in Japan 1.4 renewals
APAC benefits from the discontinuation of proportional business; books US$100m of New Zealand cat losses.
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- May 7 2023
Three key QBE subsidiaries handed ratings upgrades
AM Best revised outlook to stable for North America, Europe and UK subsidiaries on improved underwriting and operating performance metrics.
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- May 5 2023
BHSI elevates Sydney-based Cameron Holmes to global role
Holmes will take charge as global underwriting officer, property for energy and construction.
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- May 5 2023
Swiss Re Asia 1.4 renewal premiums grow 25%
The reinsurer booked US$171m in New Zealand Q1 cat losses, says "a continuation of related costs seems unlikely at the moment'.
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- May 5 2023
Frontier launches fac broker with ‘big Australia focus’
The wholesale broker will focus on finding capacity for hard-to-place risks such as crypto, cannabis, cyber and tech PI.
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- April 28 2023
AUB and PSC delay Tysers retail JV deal again
Commercial terms are expected to be finalised in the coming weeks delaying the start date of May 1.
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- April 27 2023
Axa XL names APAC & Europe cyber product leader
Carlos Rodríguez Sanz has been promoted and is responsible for growth and development of cyber across Asia, Australia and Europe.
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- April 25 2023
Net-zero alliance’s existential dilemma
As Munich Re, Zurich and Hannover Re leave the NZIA, in part due to US antitrust concerns, Asian carriers have more flexibility with a lack of opposition to ESG investments in the region.
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- April 24 2023
QBE appoints Serene Davis as global head of cyber
Davis was previously with Beazley as regional manager of the West and head of the Los Angeles office.
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- April 21 2023
QBE to maintain high-single digit growth in 2023 with a 93.5% COR target: Fitch
Fitch’s CreditSights has re-initiated coverage on QBE Group Insurance with a ‘market perform’ recommendation.
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- April 20 2023
BOC Aviation awarded US$400m by US court for planes stranded in Russia: report
The aircraft lessor said AirBridgeCargo went into default after being unable to maintain required reinsurance coverage.
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- April 20 2023
Hannover Re becomes third major to leave Net-Zero Insurance Alliance
The reinsurer has joined Munich Re and Zurich in quitting the global climate group but hasn't given a specific reason.
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- April 17 2023
Shipowners’ Club insures Singapore ship likely taken over by pirates
The ship, Success 9, has since been located off the Ivory Coast with all crew safe.
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- April 10 2023
Nexus completes majority buyout of Spectrum Risk
Spectrum's presence within the MENA and Asia Pacific market fits with Nexus Underwriting's wider portfolio.
