Country: Pacific Page 41 / 132
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- July 30 2024
APAC renewables market to see tighter capacity, new tech and cat risks coverages: WTW
At the same time, the ongoing competition with new market entrants and potential for a La Niña year keep rates steady and parametric solutions are becoming more popular despite integration challenges.
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- July 30 2024
Ausure acquires Queensland’s Coastsure Insurance Brokers
Coastsure will continue to operate as it has prior to the merger, but with access to more resources and a larger team of insurance broking specialists.
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- July 30 2024
Allianz among bidders for RACQ insurance unit: report
The Australian business is looking to exit the motor insurance business in a sale process run by Bank of America.
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- July 29 2024
AIG strengthens Pacific team with two senior BHSI hires
The specialty carrier has appointed Jason Sheehan as head of commercial property and business pack, Australia, and Niall O'Connell as head of inland marine, Pacific.
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- July 29 2024
Marsh strengthens Pacific healthcare practice with Aon specialist
The broker has hired Sydney-based Samir Sofat as healthcare practice leader for the region.
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- July 29 2024
Tesla picks Zurich as preferred insurance provider for Australia
The Swiss carrier will offer cover for the EV maker’s customers in the country under the InsureMyTesla arrangement.
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- July 26 2024
Marsh promotes Kane Sim to chief client officer for private equity and M&A, Pacific
In his previous role, Sydney-based Sim worked as the broker's head of transactional risk for the region.
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- July 25 2024
BHSI elevates Sharkey, Veanes to D&O managers for Northern and Southern Australia
Before their promotions, Sydney-based Michael Sharkey was underwriting manager for commercial lines while Hayden Veanes was underwriting manager for executive and professional lines.
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- July 25 2024
PSC Insurance acquires specialist broking group Sherpa Insurance
With US$3.9bn in sales, Sherpa Insurance has joined PSC as part of its Sydney branch following the acquisition.
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- July 25 2024
Exclusive: Hannover Re names Blake Dimitrijevic Australia MD as Michael Eberhardt heads to Bermuda
Dimitrijevic, who joins from Guy Carpenter, will succeed Eberhardt who is set to take charge as managing director and chief underwriting officer for Hannover Re Bermuda.
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- July 24 2024
Asia insurance rates decline 3% in Q2 led by finpro and cyber lines: Marsh
Rates drop for the second-straight quarter and widened from the 2% drop recorded in the first quarter. Led by D&O, finpro lines had the highest decline at 9%, while cyber rates declined by 6%.
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- July 24 2024
Swiss Re CorSo Australia & New Zealand appoints Kevin Bates as country head
Sydney-based Bates, who was head of risk and insurance at Australian construction company Lendlease, will take over from Christine Bell, who is retiring.
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- July 24 2024
Pacific insurance rates decline 5% led by finpro, cyber and property lines: Marsh
Casualty was the only line that saw a slight increase with the rates going 1% up, however, the lowest in many years, as capacity and competition increased from new and existing markets.
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- July 24 2024
HDI Global hires Stuart Routledge as New South Wales marine underwriting manager
Sydney-based Routledge joins from RedSky Insurance where he was senior marine underwriter specialising in cargo insurance for over three years.
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- July 24 2024
Criterion secures capacity from Bridgehaven Specialty to target waste management and recycling
The "A" rated capacity enables the MGA to offer "significant line sizes" to the underserved demand for sustainable recycling covers across UK, Australia and New Zealand.
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- July 23 2024
Zurich Australia on course for 7% revenue growth in the next two years: S&P Global
The rating agency has affirmed the insurer's 'AA-' rating with a stable outlook after implementing its revised criteria on capitalisation.
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- July 22 2024
GSA ropes in Suncorp’s Christina Ludovice as head of claims
Sydney-based Ludovice will bring strategic support to the broker's claims team with a focus on negotiating expedited claims outcomes for the clients.
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- July 22 2024
BMS taps Dianne Riopelle from Marsh as energy team client manager
Based in Brisbane, Riopelle will be responsible for expanding the specialist broker's renewables, power and energy business.
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- July 19 2024
Agile appoints Matthew Rowan as group risk and compliance officer
In his new role, Sydney-based Rowan will oversee both the syndicate service company and MGA operations, handle the claims unit and work with broking partners.
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- July 19 2024
Marsh’s Pacific senior leaders Andrew Fluitsma and John Mutton depart
Mutton, who was the MD and head of corporate and commercial, has been on gardening leave since March, while former Honan CEO Fluitsma, who took over the role in March, is understood have left as well, IAN understands.
