Country: Pacific Page 19 / 103
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- May 2 2024
Australia’s FY 2023 nat cat insured losses at US$850m: ICA
Despite the year-end catastrophes, incurred claims in 2023 dropped 78% to AU$1.76bn, and claims recorded were 57% lower compared to 2022.
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- May 2 2024
Markel’s Australian finpro build out bets on ‘harder’ mid-market PI
The carrier aims to grow its onshore footprint in the professional indemnity market in the next two to three years with “a real spread of risks” and eventually expand its portfolio into other financial lines segments when markets turn.
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- May 2 2024
Australian MGA Agile’s syndicate gets final Lloyd’s nod to start underwriting
Asta-managed Syndicate 2427 will focus primarily on Australia and New Zealand and write accident and health, aviation, casualty, construction, financial lines and property business.
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- April 30 2024
HDI Global hires Richard Upton to head financial lines in New Zealand
Joining from Zurich, Auckland-based Upton will focus on building the company’s financial lines portfolio in the New Zealand market.
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- April 30 2024
Australian MGA Market Lane expands New Zealand team with BHSI hire
Auckland-based Luke Scott joins as regional development manager for the MGA's specialty commercial insurance underwriter The Barn New Zealand and will help deliver broker partner solutions.
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- April 30 2024
Dual launches title insurance for real estate, M&A deals in select APAC markets
The MGA's new offering will focus on commercial property deals in Australia, New Zealand, Hong Kong, Singapore and M&A transactions will also extend to Japan and South Korea.
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- April 30 2024
QBE elevates Nicola Schroder to group head of sustainability
Melbourne-based Schroder will be responsible for sustainability governance, strategy implementation, human rights, and modern slavery initiatives, and driving social impact through the QBE Foundation.
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- April 30 2024
Insurers’ switch to risk-based pricing makes insurance unaffordable: RBNZ
Climate change and rising reinsurance costs are prompting more insurers to switch to a risk-based pricing approach, but the Reserve Bank of New Zealand warns that this is also making property insurance unaffordable and leave customer underinsured.
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- April 29 2024
Chris Kempton joins Marsh Australia as managing principal for Northern Territory
Darwin-based Kempton brings expertise in broking both conventional programs and discretionary trusts, workers compensation claims management and loss adjusting.
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- April 25 2024
New Zealand’s early-2023 weather events cost US$5.3-US$8.6bn, government inquiry finds
Cyclone Gabrielle was a moderate-scale event when compared to what New Zealand could experience, warns the National Emergency Management Agency.
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- April 24 2024
Arch promotes Kirsten Valder to deputy CEO of international
London-based Valder will have oversight over the carrier's platforms in Australia, London and the UK markets, Bermuda and the EU, reporting to Hugh Sturgess, CEO of Arch Insurance International.
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- April 24 2024
Lockton New Zealand hires Michael Harrow as head of corporate risk
Joining from ICIB BrokerWeb, Auckland-based Harrow will focus on expanding company’s services across all lines, and refining client service delivery.
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- April 23 2024
Gallagher acquires trade credit broker Prasidium in Australia
Directors Mark Smith, Stuart Prendergast, Mark Browning, Paul Daniele and their team will join Gallagher offices across Australia.
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- April 22 2024
QBE appoints Jordan Stewart as Asia’s business development lead, broker distribution
Stewart, who has relocated to Hong Kong from Melbourne, will work with the teams across QBE Asia to enhance its broker partnerships across the region.
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- April 22 2024
Shane Twemlow returns to WTW as head of growth, New Zealand
Auckland-based Twemlow told IAN that in the new role he will oversee strategy and lead initiatives to increase client acquisition, retention and revenue for the broker.
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- April 22 2024
Allied World ropes in Leigh-Anne Byrom from Mecon Insurance
Byrom was most recently with Mecon for 13 years in various positions including senior technical underwriter, and senior construction & liability underwriter.
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- April 19 2024
Tower upgrades FY 2024 profit outlook to US$20m
The updated guidance assumes full utilisation of the FY 2024 large events allowance, which is set at US$26.5m.
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- April 19 2024
Australia’s specialist broker Bellrock hires Aon’s Sahalya Uthappa to lead M&A practice
Sydney-based Uthappa will lead the specialist broker's M&A and contingent risks team as she joins the firm after her departure from Aon in March.
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- April 19 2024
Boutique finpro brokerage PLI Brokers launches in Australia
The brokerage, founded by Melbourne-based managing director David Martin, will offer financial services and accounting professions products.
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- April 18 2024
Karen Leslie returns to Crawford Australia as senior strata adjuster
Joining from loss adjuster and consultant Technical Assessing, Brisbane-based Leslie reports to head of strata Ryan Neville.
