Country: Pacific Page 107 / 113
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- January 4 2019
Extreme hailstorm hits Suncorp for A$250m
The Brisbane-headquartered insurer was hit by Australia's extreme weather in the second half of 2018.
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- January 4 2019
IAG increases annual catastrophe reinsurance by A$1bn
The Australian insurer has described its renewal terms as "relatively flat".
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- December 21 2018
Catastrophe declared for Sydney hailstorm
Insurers on the hook for tens of millions of dollars after the worst hailstorm in 20 years.
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- December 20 2018
Crawford & Co promotes Andrew Bart to global role
Global loss adjuster has promoted its Asia Pacific president.
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- December 19 2018
Competition authority calls for market reform in northern Australia
The Australian Competition Consumer Commission has called for some controversial insurance proposals.
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- December 12 2018
QBE exiting Indonesia, the Philippines and Puerto Rico
The Australian insurer has revealed a restructuring plan for the next three years.
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- December 11 2018
Gallagher’s buying spree continues with aviation broker
Purchase of specialist broker Boston Marks Group further expands Gallagher's global footprint.
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- December 10 2018
JLT faces New South Wales class action lawsuit
Global broker to "vigorously defend" lawsuit from several councils about excessive premiums.
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- December 3 2018
Singapore regulator reviewing life agents’ compensation: report
Scrutiny of incentives and commissions is being stepped up across the region.
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- November 29 2018
Tower falls to consecutive full-year loss
Troubled New Zealand insurer is edging back towards profitability.
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- November 27 2018
Disaster declared in Queensland from “unprecedented” bushfires
Insurers will be watching closely as 40 bushfires burn in the central part of the state.
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- November 26 2018
ASIC to investigate Commonwealth Bank over credit insurance
Regulator to examine several major Australian institutions over mis-selling.
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- November 22 2018
Liberty merges specialty team with Ironshore in Asia Pacific
Redundancies as Liberty International Underwriters integrates local Ironshore operations across the region.
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- November 21 2018
IAG and Suncorp welcome climate initiatives
The two insurers are taking steps to tackle climate change and improve energy efficiency.
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- November 21 2018
Underwriting duo join HDI’s Australasia business
Jane Ravi and Jeremy Smith join the industrial insurer from Axa XL and Chubb, respectively.
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- November 19 2018
Approval granted for Cigna’s ANZ acquisition in New Zealand
Regulator has approved deal to buy ANZ's life business OnePath.
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- November 16 2018
QBE restructures Australia leadership teams
There have been some major changes in personnel, job titles and divisions.
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- November 13 2018
Auckland High Court places insurer into liquidation
Restructure attempts fail meaning court hearing is abandoned for CBL Insurance.
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- November 12 2018
Concern over ASIC royal commission’s broking proposals
Submission to Australia's investigation into financial services is a turnaround from 2013.
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- November 9 2018
BMS recruits two from Gallagher in Australia
UK headquartered (re)insurance broker bolsters Australia team.
