Country: Pacific Page 36 / 113
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- January 18 2024
Canopius to build APAC financial lines capabilities with underwriter hire in Sydney
The specialty (re)insurer has hired Robert Barnum from Axis Capital to establish a professional lines practice in the region.
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- January 16 2024
Tower exits Vanuatu business with sale to Capital Insurance Group
The deal is part of the Kiwi carrier's streamlining plans that saw the sale of its Papua New Guinea and Solomon Islands business in the last fiscal year.
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- January 16 2024
Alex Tarantino to succeed retiring HDI Global Singapore CEO Graham Silton
The specialty insurer has also named Sydney-based Andrew Cochrane as underwriting manager, liability, for Australasia.
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- January 16 2024
Delta Insurance Australia hires head of management liability from Chubb
Brisbane-based Downman was most recently senior underwriter for financial lines at Chubb Queensland.
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- January 12 2024
Sedgwick Australia brings Crawford veteran Jonathon Vaisey to head major and complex loss property
Vaisey brings over 20 years of experience as a chartered loss adjuster with expertise in the investigation and management of complex property claims.
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- January 12 2024
Insurance Council of New Zealand appoints former cabinet minister as CEO
Kris Faafoi takes over from the current CEO Tim Grafton, who will step down on April 7.
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- January 10 2024
Australian government is ‘planning to review’ cyclone reinsurance pool, says minister
Murray Watt, the country's minister for emergency management, said that over the next five years the federal government will allocate US$671m in disaster mitigation funding to be matched by state and territory governments.
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- January 10 2024
NIBA CEO Philip Kewin resigns, set to leave in April
The Australian broker industry body has commenced an executive search to find its next CEO.
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- January 9 2024
Typhoon Doksuri tops APAC nat cat overall losses at US$25bn: Munich Re
Two major disasters in New Zealand – Auckland floods and Cyclone Gabrielle – topped APAC insured losses at around US$4 billion.
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- January 9 2024
Australian casualty market primed for capacity injection
The country is "crying out for liability specialists" and growth is here for the taking for those built to deal with market cycles and do not exit casualty risks.
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- January 9 2024
Marsh elevates Scott Eccleston to Pacific head of global placement
Eccleston, who will continue to be based in Melbourne, was most recently deputy head of global placement for Pacific.
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- January 9 2024
AIG promotes Liam Pomfret as NZ general manager
He was previously AIG’s Asia Pacific head of professional indemnity and cyber insurance, a role he held since January 2018.
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- January 8 2024
Howden doubles down on equine sector with Australian specialist broker buy
The broker acquired Sydney-based bloodstock intermediary Silks Insurance following a string of acquisitions in the bloodstock market in 2023.
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- January 8 2024
Insurance Council of New Zealand appoints IAG’s Amanda Whiting as president
The IAG chief executive replaces Toni Ferrier, who stepped down following her taking charge as country manager for broking group Marsh McLennan.
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- January 4 2024
Suncorp and IAG say December wild weather claims tracking below nat cat allowance
While the total cost of the two events have yet to be determined, Suncorp said it has US$459m in natural hazard allowance and IAG has US$114m till December 2023.
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- January 4 2024
IAG renews 2024 cat program with US$7bn protection, adds US$67m New Zealand cover
In conjunction with its 32.5% quota share, the Australian carrier’s retention is flat at US$159m.
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- January 3 2024
ICA extends insurance catastrophe declaration to January 3 as extreme weather continues
Almost 38,000 insurance claims have been lodged following the weather that has impacted Queensland, New South Wales, and Victoria since December 23.
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- January 3 2024
Eastern Australia’s wild weather claims in December top 40,000: ICA
While insurers received more than 37,000 claims from the Christmas storms across three states, the Cyclone Jasper claims from northern Queensland crossed 6000.
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- January 2 2024
Australia Christmas storms has potential to exceed US$1bn loss level: CRESTA
The two record-breaking New Zealand weather events in early 2023 and the August China floods among 7 non-US cat events with billion-dollar industry losses.
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- January 2 2024
No letting up for Australian broker consolidation
Global players' expansion plans, the growing regulatory burden on smaller firms and the increased sophistication of clients have created a market where buyer’s and seller’s motivations align.
