Country: Pacific Page 60 / 116
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- February 2 2023
20,000 claims lodged from Auckland flooding: ICNZ
A ICNZ spokesperson has told IAN that the number of claims "will continue to rise" from the "biggest climate event to have ever hit" New Zealand.
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- February 1 2023
New Zealand’s insurers reel from country’s ‘worst-ever’ climate catastrophe
As adjusters start work, hundreds of million of dollars of claims are expected, including significant commercial damage.
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- January 31 2023
Swiss Re Corporate Solutions appoints distribution manager for Australia and NZ
Sydney-based Gavin White was most recently a global client executive in Chubb Australia & New Zealand's major accounts division.
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- January 30 2023
Christian Colembera named Everest Insurance Australia MD, head of Pacific
Colembera has most recently been Everest's head of international financial lines and UK branch manager.
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- January 30 2023
Suncorp, Tower and IAG assessing over 9,000 claims from historic Auckland flooding
As assessors fly in from Australia, many more claims are expected after record rainfall on January 27 caused widespread damage.
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- January 27 2023
Australia’s October 2022 flood losses rise 6.4% to US$598m: Perils
The estimate includes property and motor hull losses for the majority of the market for floods in NSW, Victoria and Tasmania.
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- January 26 2023
Opinion: Australia’s (re)insurers are testing the limits of climate change
As the outlook worsens, the sustainability of the market picking up most of the risks might be called into question.
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- January 26 2023
NSW regulator fines two Suncorp brands over review timelines
SIRA fines arise from breaches of AAMI and GIO’s internal review timeframes from April 1, 2018 to August 31, 2020.
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- January 20 2023
Aon hires New Zealand CEO from Fidelity Life
Melissa Cantell, the life insurer's CEO, will start in June and is replacing Geoff Blampied who will stay on as executive chairman.
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- January 20 2023
AGCS’ Sam Poquiz takes on Pacific liability manager role
Poquiz, who joined the specialty player in 2015, starts on January 23 and has relocated to Sydney.
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- January 19 2023
Sure Insurance joins Australia’s cyclone pool
The Queensland home insurer is backed by Liberty Mutual Insurance and Pacific International Insurance.
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- January 19 2023
Australia’s Underwriting Agencies Council names first-ever CEO
Jenny Bax has held senior positions at Allianz and QBE, and was most recently with Ansvar Insurance.
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- January 17 2023
Howden’s new capital risks arm makes senior APAC hire
Former National Australia Bank credit insurance buyer Christopher Evans joins as executive director of Howden CAP in Brisbane.
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- January 17 2023
BMS acquires Austbrokers Coast to Coast
The Queensland-based target specialises in transport, construction, hazardous goods and SME retail.
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- January 16 2023
Australian government hints at additional funding for nat cat relief
With the floods shaving off 0.25% of the country's GDP, the treasurer said natural disasters will be a focus of the upcoming budget.
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- January 12 2023
Simon Weaver to head WTW’s newly combined Asia Pacific operation
The broker has integrated its Asia operations with Australasia, which was being led by Weaver.
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- January 12 2023
IAG renews Berkshire quota share agreement, ceases equity deal
The restructured transaction extends till the end of 2029, but removes limits on Berkshire's shareholding in the carrier.
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- January 12 2023
RACQ demands bigger share of the disaster fund for Queensland
The US$138m government fund, available from the next financial year, will be used to prepare for nat cat events.
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- January 12 2023
Reinsurers’ underwriting margins to grow by 4%: Fitch
Property and specialty enter hard market with up to 200% increase in premium rates.
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- January 11 2023
Axa XL’s James Shilling to lead Australia property, energy and construction
Based in Sydney, he was most recently Axa XL’s head of international property, Australia.
