Country: Pacific Page 3 / 106
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- February 10 2025
Solomon Islands sue Korea P&I Club, MS Amlin Marine in oil spill lawsuit: report
The residents of the island are seeking up to US$38m in compensation for a 2019 grounding of a cargo ship.
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- February 10 2025
Australia’s upcover secures US$12m in Series A round funding
Round was led by RealVC, with investments from Antler Elevate's Global Fund, Betterlabs and Gandel Invest, and US$5m debt from Marshall Investments.
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- February 10 2025
Australian MGA Market Lane promotes property team pair
Joanna Hayes and Anand Narayanan promoted within specialty commercial insurance underwriting arm, The Barn.
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- February 7 2025
HDI Global names Joanna D’Silva as senior underwriter for engineering in Melbourne
D'Silva previously spent over eight years at AIG, working in Melbourne and Malaysia.
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- February 6 2025
Australian broker domo recruits Aon’s Anthony White as head of property, construction
White returns to Melbourne to join the broking startup after nearly a decade in London as part of Aon’s international construction team.
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- February 6 2025
Queensland flood claims near 4,000, but too early to estimate total damage
Insurance Council of Australia says many communities remain isolated after the region was battered by heavy rain since last week.
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- February 6 2025
Aon bolsters Pacific M&A and transaction solutions team with new head
Kris Karlsson will be based in Sydney and report to Eden Fletcher, head of specialty solutions, Australia.
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- February 6 2025
Aon elevates Helen Lockwood to head of affinity and small business, Australia
Sydney-based Lockwood was previously head of strategic platforms and technical at Aon since October 2022.
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- February 5 2025
IAG, Allianz said to be in the race for RAC Insurance: report
The Royal Automobile Club of Western Australia had hired boutique advisory firm Barrenjoey to conduct a strategic review including for its insurance arm.
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- February 5 2025
Tower increases FY25 profit guidance on ‘better-than-expected’ claims performance
Guidance on COR for the financial year has improved to between 84-86%, down from 87-89%.
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- February 5 2025
Pacific rates suffer largest drop in Q4 2024, driven by finpro, cyber and property lines: Marsh
Finpro premiums fell by 12%, while cyber and property declined by 8%, according to the Global Insurance Market Index.
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- February 5 2025
Northern Queensland floods set for ‘substantial’ losses after once-in-a-century deluge
Loss adjusters expect property and business interruption claims after parts of the region were battered by heavy rain since last week.
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- February 4 2025
Aon’s Reinsurance Solutions appoints Wesley Roy as head of property for Australia, New Zealand
Sydney-based Roy, who joins the broker from Hollard, previously worked with Aon for over seven years.
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- February 4 2025
Australian antitrust regulator to probe IAG-RACQ and Allianz-RAAI deals
ACCC, the competition watchdog, will assess whether the acquisitions will substantially lessen competition in the market.
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- February 3 2025
Cyber specialist Sync Underwriting launches in Australia with Tokio Marine capacity
The MGA, which is part of the Rhodian Group underwriting network, will provide cover for small to mid-sized businesses in the country.
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- February 3 2025
Suncorp finalises US$231m Asteron Life sale, strengthening focus on P&C
The carrier's general insurance business in New Zealand remains unchanged.
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- February 3 2025
Crawford Australia strengthens account management team with QBE hire
Mark McDermott, who joins the loss adjuster as key account manager in Adelaide, will build strategic connections within the broker community.
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- February 2 2025
ICA declares significant event for northern Queensland floods
Flooding and storms have mostly affected Australian communities in Townsville, Innisfail, Ingham, Gordonvale and Cardwell.
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- February 1 2025
IAG to release US$125m from provisions after favourable court decree
Carrier will include the released amount in the 'net corporate expense’ line in the financial results for the six months to December 31, 2024.
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- January 31 2025
Steadfast-owned brands Network Insurance Group and Insurance House merge
Andrew Broughton, current chief executive officer of Network Insurance Group, will assume the leadership of the combined entity.
