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- March 31 2023
Cyclone Gabrielle initial losses at US$940m: Perils
This is substantially higher than ICNZ data which came out a week ago at US$555.3m.
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- March 30 2023
Medibank served another lawsuit for cyber security lapse
Law firm Quinn Emanuel Urquhart & Sullivan has initiated a class-action lawsuit for breach of disclosure obligations.
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- March 29 2023
Australian brokers placed US$12.4bn premium in second half of 2022: APRA
The figure was a 7.6% increase over the same period in 2021 and included US$1.6bn with Lloyd's.
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- March 28 2023
NSW’s new government urged to bin premium levy
Dropping the emergency service levy, which adds an 18% surcharge to home insurance and 40% to business premiums in the state, will lower insurance costs.
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- March 24 2023
Tower taps APRA for new chief risk officer
Sharyn Reichstein, who was a general manager at the Australian regulator, will join the Kiwi carrier in July.
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- March 24 2023
Marsh McLennan appoints Josh Roach as New Zealand CEO
The new role will be in addition to his current responsibilities as Marsh New Zealand CEO.
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- March 23 2023
Cyclone Gabrielle claims reach US$558m: ICNZ
Hawke's Bay accounts for more than half of the total value at US$302m despite having a third of the total 40,000 claims.
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- March 23 2023
GCube bets on Australia’s green transition
The Tokio Marine-backed MGA’s chief executive Fraser McLachlan discusses Australia expansion and Asia Pacific strategy.
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- March 23 2023
Youi names Laura Wood as head of reinsurance
Laura to join Youi from Swiss Re and will replace Piers Maunder on April 17.
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- March 22 2023
Droughts in China and Australia floods push 2022 nat cat insured bill above US$100bn: Swiss Re
Hurricane Ian, inflation and growing property exposure were also key drivers for claims last year.
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- March 22 2023
Lockton Australia hires from Marsh for national key partnerships role
Allison Emery was previously Marsh's head of portfolio solutions, general lines for Australia and New Zealand.
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- March 22 2023
Envest Group acquires Wellington Underwriting
The specialty liability underwriting agency currently places more than US$20m in gross written premiums.
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- March 21 2023
Sedgwick promotes Andre Mataia to Australia head of construction
He was most recently the leader of the loss adjuster's major and complex loss property team for Victoria and Tasmania.
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- March 20 2023
Carriers brace for property claims as bushfires spread across Australia
A heatwave has sparked dozens of fires that have impacted multiple properties across WA, SA and NSW with claims inevitable.
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- March 16 2023
ICA calls for 10-year disaster funding over worsening extreme weather
The insurer body wants the government to extend the US$133m per year programme into a rolling scheme.
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- March 16 2023
Honan snaps up New Zealand’s Certus Insurance Brokers
Certus has 15 employees operating across offices in central and regional Auckland and is part of the NZbrokers network.
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- March 16 2023
PetSure gets general insurance licence in Australia
The pet health company already had an underwriting agency which provides pet cover.
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- March 15 2023
Auckland floods initial loss estimate is over US$1bn: Perils
The unprecedented event is labelled as the largest weather-related insurance industry loss historically for New Zealand.
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- March 14 2023
PSC Insurance acquires two UK businesses for US$15m
The acquisitions of a MGA and a retail broker are expected to add up to US$4.7m to PSC's top-line.
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- March 14 2023
Sedgwick names Kate Johnstone head of risk in Australia
Johnstone has over 25 years of insurance experience including managing risk and compliance operations.
