Country: Pacific Page 41 / 113
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- October 25 2023
Greensill investor may file more legal claims against IAG, BCC and Tokio Marine: report
White Oak has alleged that the insurers failed to inform the firm about the problems in collapsed trade credit financier insurance policies.
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- October 25 2023
Philippe Bouchet returns to Axa XL as head of art expertise, APAC & Europe
After leaving the carrier in 2021, Paris-based Bouchet rejoins to support the implementation of fine art and private clients strategy in Europe, Asia and Australia, in close partnership with regional and local underwriting and distribution teams.
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- October 24 2023
Zurich to underwrite RentCover’s landlord policies in Australia
Existing customers will have their policy underwritten by Zurich at renewal and new customers from December 1, 2023.
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- October 24 2023
BHSI promotes Sami Jaghbir to Queensland underwriting manager
Brisbane-based Jaghbir will develop the carrier's regional market presence across all business lines, reporting to Mark Lingafelter, president of Australasia.
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- October 20 2023
Bennelong Funds, Leadenhall Capital tie-up to promote ILS in Australia, New Zealand
ILS, which aims to transfer insurance risk to capital markets, offers attractive spreads for investors relative to their long-term average.
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- October 19 2023
AIG appoints Logan Perry as casualty manager, specialty in New Zealand
Auckland-based Perry was most recently casualty underwriting manager for Chubb and will report to Stephen Ward, head of casualty, Asia Pacific at AIG.
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- October 19 2023
Most Asian economies to see an increase in insolvencies: Allianz Trade
Countries set for the largest rises include South Korea, Japan, Australia and New Zealand, but Hong Kong is set to see a decrease in 2024.
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- October 18 2023
Stephen Rogers joins Markel as head of Queensland operation
Brisbane-based Rogers arrives from Axa XL and will report to Markel's Australia managing director Rory Morison.
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- October 18 2023
Exclusive: Gallagher sees senior exits amid wider APAC leadership shake-up
There have been several changes to the broker's APAC management in recent months, including the departure of North Asia CEO Thomas Wang.
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- October 17 2023
Sedgwick names Derek Roberts as Australia COO
The former AmGeneral CEO is overseeing claims management, property, professional services, workforce absence and compensation programs.
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- October 17 2023
Newline builds out Australia team with two new hires
Professional indemnity underwriter Arion Reuter and administration and underwriter support officer Arthi Govindarajan have recently joined the carrier's Melbourne office.
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- October 16 2023
Tower reports lower cyclone costs, spurt in GWP growth; upgrades FY profit forecast
The Kiwi P&C player has revised its net profit after tax guidance for FY 2023 to between US$4.2m to US$5.9m based on preliminary results.
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- October 16 2023
WTW ropes in Jill Comley-Forbes as New Zealand country head
She takes over from Michael Brown, who will take up a new role focused on client-facing work.
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- October 13 2023
Envest snaps up majority stake in London Australia Underwriting
LAUW, a Sydney-based MGA, writes over US$20m of GWP in professional and financial lines through Lloyd’s syndicates.
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- October 12 2023
Suncorp’s Vero slapped with ‘largest’ ever FMA penalty over multi-policy discounts
The New Zealand regulator said the general insurer and its intermediaries overcharged 42,000 customers by US$6m in premiums between April 2014 and May 2022 on house and contents, vehicle and boat insurance.
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- October 12 2023
IAG’s Hunter Hailstorm loss creep to squeeze H1 margins
Reinstatement costs of US$45m also to hit performance, as IAG's CEO laments a "substantial and sustained reduction" in reinsurance global capacity.
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- October 10 2023
Strata Community ropes in Shaun Feely as chief executive officer
The Sydney-based industry veteran was CEO of Latitude Insurance prior to this appointment.
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- October 9 2023
Envest acquires majority stake in Brisbane MGA Insuret
Founder Jason McDonnell will continue to remain a co-owner and managing director of the fleet business specialist.
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- October 9 2023
Greensill investor alleges Marsh was aware of serious problems: report
The broker says that there were no breach of duties and puts the onus on private equity firm White Oak for due diligence.
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- October 6 2023
Steadfast expands into the US with US$55m broker agency buy
The Australian broker has bought the ISU Group, which has 239 independent members across 43 US states controlling more than US$6.5bn in premiums.
