Country: Pacific Page 55 / 109
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- January 6 2023
Pricing softens across Australia’s engineering PI market, for now
While in 2022 rate on line stayed flat year-on-year, anticipated prolonged economic challenges may lead to an uptick in claims.
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- January 6 2023
Suncorp checks on Zurich’s Australian P&C arm again: report
Any proposed deal would likely exclude Suncorp's travel insurance portfolio Cover More.
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- January 4 2023
Australia floods, Fukushima earthquake top 2022 nat cat losses: Cresta
With Typhoon Nanmadol, three out of the top seven ex-US loss events exceeding US$1bn were from Asia Pacific.
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- January 3 2023
New Zealand urges homeowners to buy property cover after record 3,300 claims
The Earthquake Commission said that event claims in 2022 doubled over the last four years.
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- December 29 2022
Asia Pacific nat cats: the year in review
Majority of the loss events in the region were secondary perils, mostly floods.
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- December 22 2022
ACIL seeks strata pricing reforms in Australia
Strata managers charge 40% of insurance cost as commissions and fees, seen as "outside of consumers' interest".
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- December 22 2022
RACQ challenges current cyclone pool structure
It has asked for amendments such as including all types of floods and motor in the scheme, extending the claim period and reconsidering the budge-neutral principle.
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- December 21 2022
Australian carriers seek cyclone pool clarity
The scheme's failure to take off risks worsening affordability of property cover in northern Australia, finds competition regulator.
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- December 20 2022
Lloyd’s syndicate Probitas 1492 underwriting Adani Carmichael project: report
The insurer is insuring Carmichael rail line, coal haulage operation and NQXT coal port.
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- December 20 2022
NSW Supreme Court rules in favour of JLT in local government dispute
The Richmond Valley Council began the action on behalf of 12 NSW councils in December 2018.
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- December 16 2022
AIG Australia CEO Nigel Fitzgerald heads to Steadfast as COO
Fitzgerald will join the broking firm in the second quarter of 2023 and will be based in Sydney.
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- December 16 2022
Opinion: RACQ exit rumour calls into question CTP scheme
Demands for an overhaul of the state’s motor insurance framework have resurfaced with the reports of a possible sale of the club’s motor arm.
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- December 15 2022
New Zealand Provident Insurance combined ratio 93%: AM Best
Lower usage of vehicles during Covid resulted in less motor claims and led to better underwriting results.
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- December 15 2022
New Zealand 2022 extreme weather claims top US$216m
The country experienced “wave after wave of extreme wet weather” during the warmest and wettest winter on record.
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- December 14 2022
Gallagher acquires Aviation Insurance Australia
The aviation broker's MD Ian Tait and his team will stay in Brisbane and report to Paul Harvey, Gallagher's Australia specialisms MD.
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- December 13 2022
Australia broker M&A spree to stay in high gear
Despite a dwindling pool of independents and rising interest rates, international and local players are driving up the competition.
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- December 12 2022
AUB merges New Zealand broking arm with ICIB
ICIB BrokerWeb Insurance and Risk Advisory to be led by ICIB managing director Grant Milne and will be NZ's fifth largest broker.
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- December 11 2022
RACQ exploring ‘long-term partnerships in reinsurance’
The club declined comment on reports of plans to sell its flood-hit insurance business.
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- December 9 2022
October Australian flood damage bill at US$533m: Perils
La Nina conditions that triggered these floods are forecast to extend into their third consecutive year in 2023.
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- December 8 2022
Coherent promotes Helen Attenborough to Australia and NZ CEO
The COO retains her current role and relocates to the insurtech’s new Sydney base.
