Country: Pacific Page 20 / 109
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- July 4 2024
Australian MGA Market Lane hires Jeanene Hill as group head of operations
An industry veteran, Hill joined from Underwriting Agencies Council where she was a board director for four years.
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- July 4 2024
Zurich-owned Cover-More announces new group CEO
David Fike will lead the company through a significant integration phase following Zurich's acquisition of AIG's global personal travel insurance and assistance business.
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- July 4 2024
Exclusive: Carriers staring at US$1bn+ losses from New Caledonia civil unrest
QBE and Allianz’s estimated net exposure to the event have exceeded US$215m each from political violence in the French overseas territory near New Zealand, IAN understands.
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- July 4 2024
Australia and New Zealand mid-year renewals see return to stable market: Aon
Reinsurance buyers were seeing ample capacity and flatter pricing, with many experiencing low-single digits reduction, according to the broker's latest reinsurance market dynamics report.
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- July 3 2024
Pacific Islands captive PCRIC appoints Richard Poulter as chief risk officer
In his new role, Poulter will manage risk calculation in relation to insurance design, reinsurance and capital management and ensure PCIRC members meet each country’s objectives for financial protection against disaster risks.
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- July 3 2024
Pricing and capacity ease at 1.7 renewal as underwriting scrutiny persists: brokers
Reinsurance buyers experienced a more welcoming market, and loss-free programs saw price easing at July 1 renewals compared to recent years thanks to positive results, Gallagher Re and Guy Carpenter said in their mid-year renewals reports.
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- July 2 2024
Steadfast Group expands Australasian networks, broker and insurer services team
Kasun Jayaratne has been promoted to a newly created role of general manager of Australasian networks, broker, risk & insurer services, while Bronwyn Brownlee joins as risk services national client service manager.
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- July 2 2024
WTW reels in Aon’s James Baum to lead Australia and New Zealand
Sydney-based Baum, who was most recently global head of wholesale and specialty broking at Aon, will join WTW as head of Australia and New Zealand and head of corporate risk and broking for the region, effective July 15.
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- July 2 2024
APAC pricing stabilises at 1.7 renewals as global capacity hits record US$695bn
With more capital coming to the table, reinsurance rating reductions were in order, though loss-affected territories bucked the wider trend.
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- July 2 2024
Envest appoints ex-Honey Insurance Eoghan Trehy to lead Resilium Partners
The M&A arm which specialises in investing in authorised representatives has hired Trehy as part of its senior executive team, which includes managing director Ben Hastie, and new head of finance Clive Kingsley.
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- July 1 2024
Lloyd’s syndicate Argenta Underwriting closes Sydney office
The decision follows “a review of the group’s underwriting activities in Australia’, and the Sydney business will be managed from London, it said.
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- July 1 2024
Third loss estimate for Australia Christmas storms exceeds US$1bn: Perils
The bulk of the loss was incurred by personal lines property losses, followed by commercial lines property and motor losses.
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- July 1 2024
New Zealand Treasury set to review levy settings for Natural Hazard Fund
The review comes amid a name change of the Earthquake Commission (EQC) as Natural Hazards Commission Toka Tū Ake,
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- June 30 2024
AIG hires Stephen Hanna as head of energy and construction, Pacific
Sydney-based Hanna joins after seven years at Chubb Insurance as ANZ manager, energy and technical lines.
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- June 28 2024
IAG secures US$2.8bn 5-year nat cat cover and US$450m long-tail reserve protection
The Australian insurer has bought the additional reinsurance protection from Berkshire Hathaway and Canada Life Re, while the long-tail adverse development cover is provided by Enstar.
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- June 28 2024
Suncorp’s US$3.2bn bank sale to ANZ gets treasurer’s greenlight
The approval by Treasurer Jim Chalmers has now set in motion the final completion of the deal, now expected by end of July.
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- June 26 2024
HDI Global hires Natalie Miladinski from Chubb for APAC cyber build-out
Sydney-based Miladinski has been appointed cyber underwriting manager for Asia Pacific.
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- June 26 2024
HDI Global combines ANZ commercial, specialty leadership with Stefan Feldmann in charge
Feldmann has been handed the additional charge after Mark Fleiser left the business following an organisational restructure in the region.
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- June 26 2024
‘Normalcy’ returns to Australia, New Zealand 1.7 renewals
Property cat renewals are seeing relatively flat pricing on bottom and middle layers and small risk-adjusted decreases in top layer pricing, brokers tell InsuranceAsia News.
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- June 25 2024
Allianz Australia names Jamie Craig as head of dealer underwriting team
Prior to the appointment, Craig was with Zurich Financial Services Australia for over nine years focusing on motor fleet underwriting.
