Country: Pacific Page 36 / 116
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- March 5 2024
Assured Guaranty hires managing director for Australia expansion
The financial guarantee insurer has appointed Melissa Gribble as part of its move to grow origination activities in the country with a focus on the infrastructure, utilities and structured finance markets.
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- March 5 2024
Mustard Underwriting partners with Sovereign Insurance Australia for personal lines roll-out
The MGA will start with home and contents, landlords, contents cover and motor products for the Australian and New Zealand markets.
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- March 5 2024
Arch Insurance Australia hires professional indemnity expert
Melbourne-based Aaron Green, founder of a PI-focused broker for 10 years, has now joined the insurer as a senior underwriter.
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- March 4 2024
Insured losses from Australia summer cat events reach US$1bn: ICA
While damage from both Jasper and the Christmas and New Year storms was widespread across three states – Queensland, New South Wales and Victoria - the average claim cost was under A$10,000, lower than from similar events.
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- March 1 2024
Robust pricing, investments to boost FMG Insurance NZ earnings: AM Best
AM Best has affirmed an insurer rating of A (excellent) with a stable outlook, though a US$158m bill from the twin weather events last year burned a hole through its operating results.
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- March 1 2024
Delta Insurance Group hires new group COO
Auckland-based Nathan Barrett has held various leadership roles across underwriting and claims, product and pricing over the past 20 years.
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- March 1 2024
Allianz hires new head of motor fleet underwriting in Australia
Sydney-based Greg Steel has previously held senior positions at insurers such as IAG and Suncorp.
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- February 29 2024
Chubb New Zealand country president Andrew Brooks leaves
Auckland-based Brooks has accepted a six-month contract role at Insurance Advisernet as national manager partnerships & development, effective March 4.
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- February 28 2024
Lloyd’s rejigs Australia leadership following Chris Mackinnon promotion
Tracey Bryan is set to take on additional role as Lloyd’s Australia general representative, and Peter Plustwik will be promoted to general manager, both effective April 1.
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- February 28 2024
Gallagher plans APAC fac buildout with Singapore, Sydney hubs
The broker, which is hiring a new team in the hub, wants to support the underwriters locally while writing business from around the world as it brings the offering under one international platform, according to Malcolm Payton.
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- February 28 2024
Steadfast H1 revenue grows 19% to US$517m
The Australian broking and underwriting group is on target to complete AU$183m of trapped capital acquisitions in FY 2024.
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- February 28 2024
Marsh appoints Jason Howard as finpro risk management leader for Pacific
Sydney-based Howard will assume the new role in addition to his current position of chief client officer finpro - Pacific.
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- February 26 2024
Suncorp’s H1 net profit up 5.4% on strong consumer business growth, investment gains
Its first-half GWP rose 16%, while COR edged up 95.7%. CEO Steve Johnston expects inflation to remain a challenge this year.
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- February 26 2024
NSW to focus on mitigation as annual nat cat bill expected to soar to US$6bn by 2060
The State Disaster Management Plan includes measures to reduce communities’ exposure and vulnerability to disasters through awareness and preparedness campaigns, and it has set an end-2024 deadline to review levy arrangements.
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- February 22 2024
Dual names new head of liability for New Zealand
Stewart Eaton, who was most recently senior underwriter for the specialty MGA, will start in the role on April 15.
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- February 21 2024
Tower Insurance forecasts improvement in COR to 95-97% for FY 2024
The Kiwi carrier’s four-month GWP for the current fiscal year is up 21% to US$120m on rating increases. Its combined ratio will likely improve from 101% in FY2023.
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- February 21 2024
Arch Insurance Australia expands property team with Vero hire
The carrier has hired Brendon Terry as national underwriting manager for property.
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- February 21 2024
PSC Insurance upgrades full-year guidance after 39% rise in H1 bottom line
The Melbourne-based global broking group saw strong performance in its distribution business in Australia, offsetting the small decline recorded by its existing UK business.
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- February 20 2024
IAG New Zealand CEO tells Kiwis to stop building homes in dumb places: report
The country’s largest insurer said that properties built in high-risk areas may see higher-than-average premium increases.
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- February 20 2024
AUB upgrades earnings guidance as H1 FY 2024 pre-tax profits grow 18.3%
A doubling of underlying net profit after tax in its underwriting agencies and New Zealand businesses bolstered the Australian broker's results.
