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- May 5 2022
Australia floods hit Hannover Re’s Q1 P&C COR
The February and March floods have cost the global reinsurer US$196m so far.
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- May 4 2022
520,000 Aussie properties ‘uninsurable’ by 2030: Climate Council
80% of the risk is due to riverine flooding for "high risk" properties.
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- May 4 2022
Aussie floods put pressure on capacity ahead of renewals
P&C insurers have begun increasing premiums and tightening policy wordings as they take stock.
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- May 2 2022
Claims expected as record rainfall hits Townsville in Australia
The Queensland town had a US$800m flood in 2019.
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- April 29 2022
APAC P&C rate increases slowed again in Q1: Marsh
Pricing index shows financial and professional lines still rising in double digits.
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- April 28 2022
Australia’s QBE withdraws from Irish P&C market
The insurer will continue to offer "incidental" Irish policies from the UK.
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- April 27 2022
PSC Insurance Group acquires Aussie broker
The deal for Alan Wilson Insurance Brokers is worth US$12.6m and will add 21 staff.
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- April 25 2022
Asia’s top P&C insurers grew non-life books by 3.7% in 2021 despite Covid headwinds
Top 10 players booked US$279bn in 2021, according to IAN analysis.
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- April 22 2022
Allianz Australia appoints commercial distribution manager
Jason Hawksworth is returning to the German giant after he left for Chubb in 2014.
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- April 21 2022
Aussie broker Code moves commission disclosure beyond retail
The standards will now apply to all individual and small business clients.
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- April 20 2022
Australia flood loss estimate tops US$2.9bn in ‘complex’ event: Perils
The application of event definition clauses for reinsurance purposes will vary across the market.
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- April 15 2022
Queensland, NSW flood claims top US$1.8bn: ICA
RACQ's head of claims says it is one of the worst natural disasters in Australia's history.
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- April 14 2022
IAG exec issues climate change warning for Western Australia
Mark Leplastrier, executive manager for natural perils, says the market is investing in research.
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- April 13 2022
Tokio Marine’s GCube opens Sydney office
The specialist insurer underwrites renewable energy products -- a fast-growing sector in APAC.
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- April 11 2022
Marsh appoints CEO for Thailand
Current CEO Simon Cooling is relocating to Australia for a new client role with the broker.
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- April 8 2022
TigerRisk on the hunt in Asia Pacific
The broker's delegated authority arm has hired in Australia and is exploring regional opportunities.
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- April 7 2022
Australia government in u-turn over Queensland’s disaster funding
The federal arm has now agreed to fund half of an extreme weather resilience package.
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- April 7 2022
ICA urges government ‘not to wash hands’ of resilience responsibility
Criticism comes over participation in Queensland's US$562m extreme weather package.
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- April 6 2022
New South Wales launches flood inquiry
The recent flooding has been some of the worst in the state's history.
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- April 5 2022
Tokio Marine: Greensill policies were ‘void from inception’
The Japanese insurer says that it will vigorously defend any claims relating to the supply chain financial firm.
