Country: Pacific Page 63 / 103
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- February 14 2022
Zurich’s Asia P&C profits surge as conditions improve
Small commercial uptick and travel recovery in Australia and Japan helped 2021 profits hit US$235m.
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- February 10 2022
QBE joins UN’s Net-Zero Insurance Alliance
The insurer has agreed to transition its underwriting portfolio to net-zero by 2050.
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- February 9 2022
‘Strong’ APAC M&A book bolsters WTW
CEO Carl Hess unveiled a 10% rise in international broking revenue in FY 2021.
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- February 9 2022
Aussie climate tech firm FloodMapp raises US$6m
The funding round for the cat modeller was led by Union Square Ventures’ Climate Fund.
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- February 8 2022
Suncorp’s profit dips as H1 nat cat claims soar
Insurance arm in Australia saw profits fall by more than half to US$81.3m.
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- February 8 2022
Tackling Australia’s affordability crisis won’t be easy
Government signs off reinsurance pool design days after prudential regulator lists 2022 priorities.
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- February 4 2022
QBE Australia Pacific appoints chief underwriting officer
Andrew Ziolkowski was most recently at New South Wales' icare.
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- February 1 2022
New Aussie reporting rules may challenge cyber insurance
Insurers will have to split out their cyber data as part of IFRS 17 reforms – but this may not be so easy.
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- January 31 2022
io.insure start-up launches online M&A insurance marketplace
The Australian insurtech is promising 24-hour turnaround for deals valued less than US$100m.
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- January 27 2022
Suncorp and Chubb linked to Zurich’s Australia GI division: report
It is understood the two potential buyers have reached the final stage of an auction.
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- January 26 2022
Wotton + Kearney bolsters disputes team with DLA Piper hires
Experienced partners Peter Leman, Caroline Laband and Misha Henaghan start in February.
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- January 24 2022
World Bank hands US$8m cat payout to Tonga
A one-in-one-thousand year event has triggered an emergency resilience option.
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- January 19 2022
IAG hires Suncorp veteran for underwriting role
Darren O'Connell is joining the Intermediated Insurance Australia division.
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- January 18 2022
Powerful Queensland hailstorm triggers commercial claims
The storm damaged a council building, an aquatic center and an art gallery in Toowomba.
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- January 17 2022
Credit Suisse files claims with US$1.17bn exposure related to Greensill
The five claims are revealed as the bank tries to recoup more money after the supply chain financier's collapse.
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- January 7 2022
Chaucer’s SLE Worldwide Australia hires ex-Zurich exec as CEO
Sydney-based Raj Nanra has over 25 years industry experience and replaces veteran Brad French.
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- January 7 2022
IAG renews reinsurance cat cover at US$7.2bn
The 2022 program structure is similar to prior years with the price increasing by "mid single digits".
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- December 29 2021
Australia’s insurers set for improved 2022
General insurers down under saw underwriting profits jump 163% in the first nine months of 2021.
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- December 22 2021
NZ extreme weather claims hit record high
Insurers have paid out US$206m in 2021 so far with home and contents accounting for around two-thirds of the total.
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- December 16 2021
Australia’s cyclone risk pool a first step
The US$7bn reinsurance scheme needs to be backed up by other initiatives to address a rapidly changing risk environment.
