Country: Pacific Page 62 / 118
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- February 9 2023
Hannover Re cuts APAC premium volume by 21.6% in 1.1 renewals
The German reinsurer cut back on proportional treaty in Malaysia and China, but XOL premiums filled some of the void.
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- February 8 2023
Suncorp misses H1 cat allowance by US$69m, books 94.5% Australia COR
Australian insurance profits rose 142%, helped by a US$104m Covid BI provision release.
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- February 8 2023
Medibank faces class action suit over data hack: report
The lawsuit against the insurer was filed by Baker McKenzie and funded by litigation funding company Omni Bridgeway.
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- February 7 2023
WTW appoints Nicky Eveleigh as New Zealand P&C leader
Based in Auckland, Eveleigh reports to the broker's country leader Michael Brown.
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- February 3 2023
Australia disaster funding under an independent review
Led by Andrew Colvin of Deloitte, the review evaluates government investment in disaster risk reduction and resilience.
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- February 3 2023
IAG hit by 15,000 claims from NZ floods, ups FY 2023 nat cat forecast by US$167m
Reinsurance likely to be triggered as the Australian carrier says gross costs for the Auckland event are set to exceed US$248m, above a maximum event retention of US$167m.
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- February 2 2023
Honan snaps up Ardrossan Insurance Brokers
Melbourne-based Ardrossan was established by Nick Harvey in 2013 and works with sectors including manufacturing, retail, hospitality, finance, property, logistics, construction and sport.
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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.
