Country: Pacific Page 101 / 132
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- April 20 2021
Steadfast takes majority stake in global broker network
UnisonSteadfast has members in Asia and controls over US$30bn of GWP.
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- April 20 2021
Queensland’s April 2020 hailstorm losses rise to US$653m: Perils
The loss estimate has climbed US$250m since October.
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- April 19 2021
Australia’s hardening cyber market held to ransom
Aon report says the threat from ransomware has grown significantly in recent years.
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- April 19 2021
Suncorp prepares to defend itself against class action lawsuit
The Brisbane-based firm is accused of "misleading or deceptive conduct" over add-on cover.
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- April 16 2021
Asia’s insurers face rising tide of climate litigation
Litigants could argue that failure to properly address or disclose climate risk caused losses.
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- April 16 2021
Allianz Australia hires head of commercial from QBE
Phuong Ly will start the Sydney-based role in October.
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- April 14 2021
Honan Re to target Australia, Malaysia, NZ and Singapore
MD Eliza White tells IAN the new broker is currently recruiting team members.
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- April 14 2021
PSC appoints David Hosking as Australia and NZ CEO
Former head of broker and agency at Allianz Australia started the new role this week.
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- April 13 2021
Aon/WTW: aerospace, cyber assets offered to secure EU approval–report
The EU competition authority has a provisional July deadline to make a decision.
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- April 13 2021
Australia’s P&C players face climate trap
Reports suggest nat cat risk is worsening each cycle amid calls for more mitigation measures.
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- April 8 2021
APRA wants offshore reinsurance limits for life market
Deputy chair Helen Rowell says the lack of appropriate oversight is a prudential concern.
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- April 8 2021
Rail losses give recent Japan EQ US$1bn potential
McLarens adjuster tells IAN railway damage is likely to be key factor affecting claims after February's magnitude 7.0 earthquake.
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- April 1 2021
Secondary perils on increase in APAC: Swiss Re
The reinsurer's chief economist warns that climate change has no "expiry date" in the group's latest Sigma report.
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- March 29 2021
IAG pegs recent flood losses at US$153m
NSW and Queensland see 25,000 claims so far according to the Insurance Council of Australia.
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- March 26 2021
Marsh complaint unlikely to hold water in Greensill saga
Directors at Credit Suisse are reported to have said that the broker didn’t wave any "red flags" about cover.
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- March 25 2021
ICA: ‘Substantial’ BI issues to be resolved in 2021
Oral arguments in appeal of first test case could be heard in May.
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- March 23 2021
NSW floods: 11,700 claims filed and many more on way
Insurance Council of Australia notes that February 2020 rainstorms saw nearly US$800m pay-out.
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- March 22 2021
NSW floods to bring ‘significant’ commercial claims
Market sources tell IAN the loss situation is "dynamic" as Sydney dam overflows.
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- March 19 2021
APRA wants more cyber data from insurers
The regulator agreed an extended timeframe with the ICA to facilitate a "more effective process".
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- March 18 2021
Tower turns corner on Canterbury quake
New Zealand’s Reserve Bank halves the insurer's minimum solvency level to US$18m.
