Country: Pacific Page 15 / 103
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- June 21 2024
Ansvar’s reinsurance program limits downside risks from PSA, weather claims : AM Best
AM Best has affirmed insurer rating of A- (excellent) with a stable outlook.
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- June 20 2024
Ardonagh-backed Aviso promotes Nathan Trembath as Queensland general manager
Trembath previously worked as the firm's chief broker for the Gold Coast region.
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- June 20 2024
HDI Global expands South Australia operations with Adelaide office
City-based market manager Andrew Beare and property underwriter Elicia Scudds as well as employees from claims, risk engineering and international programs teams will move to the new office to connect with local brokers and clients.
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- June 20 2024
Australian MGA Market Lane expands claims and property teams with two hires
The MGA has appointed Marie Domingo as a claims executive and has relocated Christine Penny from Dublin to Sydney as an assistant underwriter, property for its specialty commercial insurance underwriting arm The Barn.
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- June 20 2024
Gallagher’s Pen Underwriting promotes Louise Soutter to professional risks manager in Australia
Brisbane-based Soutter was most recently a senior underwriter focused on cyber and excess professional indemnity for the MGA.
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- June 19 2024
Delta takes Chubb’s Joleene Dawson as group head of underwriting
Sydney-based Dawson will be driving the MGA's increased focus on international market expansion.
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- June 18 2024
ICA welcomes New South Wales’ US$3.8bn resilience funding package
The Insurance Council of Australia hails the state government's budget funding targeted at reducing flood risks, and its recommitment to scrap the widely-criticised emergency services levy.
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- June 18 2024
Axa XL bolsters Australia’s casualty team with Allianz hire
With over four decades of experience, Andy Covel has joined the global (re)insurer as senior casualty underwriter based in Sydney.
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- June 17 2024
Australian P&C insurers to see slower premium growth: S&P Global
Despite lower premium growth on the back of moderating premium rate increases, profitability should remain strong this year through to 2025.
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- June 17 2024
ICA calls for overhaul in financial hardship support, redefine ‘vulnerability’
In its submission to the General Insurance Code of Practice review, the Insurance Council of Australia is calling for changes on how hardship support, such as premium relief, should be extended.
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- June 17 2024
Everest Australia hires Arthur Constantinou to head Pacific energy and construction team
Melbourne-based Constantinou was previously national underwriting manager-technical lines and complex risks at Zurich.
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- June 14 2024
Zurich names Dan Elliott head of cyber resilience Australia
Elliott was previously a principal, cyber security risk advisory at Zurich Resilience Solutions in Canada since September 2022.
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- June 14 2024
Vero bolsters professional and financial lines team with four hires
Uma Singh, Cem Ulutas, Rob Lee and Shaun Thistlethwaite have joined the Australian carrier covering New South Wales and the Australian Capital Territory.
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- June 14 2024
Steadfast-backed Heavy Motor Insurance hires Alan Morgans as national distribution manager
Morgans joins the specialist underwriting agency for heavy motor insurance from GT Insurance.
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- June 13 2024
Australia’s 2024 insured nat cat losses top US$1bn: ICA
The country saw three weather events this year leading to 144,772 claims with the Christmas and New Year storms accounting for AU$1.3bn, data from the industry body shows.
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- June 12 2024
Dual New Zealand expands underwriting team with IAG hires
Howden-owned MGA has appointed Leon Downey as senior underwriter for casualty and financial lines and Claire Ji as commercial underwriter, both based in Auckland.
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- June 12 2024
Australia’s strata insurers get cold feet about lithium battery risks
Lot owners will likely see higher premiums, deductibles and even outright rejection by insurers which are shying away from lithium-ion battery chargers and mobility devices as their use widens across the country.
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- June 11 2024
Howden broadens New Zealand footprint with Bridges acquisition
The deal expands Howden’s mid-market and SME offering in the country as well as grows its presence in the Waikato region.
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- June 11 2024
ICNZ calls for nat cat safeguards in Fast Track Approvals Bill for infrastructure development
The bill should not give green light to projects that expose communities to excessive financial and physical natural hazards risks, the industry body said in a submission to the government.
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- June 10 2024
AUB picks up 40% stake in UK retail broking network Momentum
The deal gives the Australian intermediary access to an authorised representative network with over 100 partners placing more than US$114m in premium.
