Country: Pacific Page 69 / 103
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- July 22 2021
Canterbury flood claims surpass US$30m
The May 29-June 1 flooding has been described as a ‘one in 200-year event’ by a climate scientist.
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- July 20 2021
IAG appoints Zurich’s Tim Plant as chief insurance & strategy officer
Justin Delaney to replace Plant as head of Zurich's Australia and NZ general insurance operations.
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- July 19 2021
APRA asks general insurers to self-assess amid BI concerns
The regulator wants insurers to review the soundness of their risk management frameworks.
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- July 15 2021
Asia’s energy insurers eye green hydrogen boom
New plants and pipelines worth billions of US dollars will need innovative risk solutions.
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- July 12 2021
Tropical Cyclone Seroja to cost insurers US$324m: Perils
The loss figure for the Australian market covers both property and motor hull lines of business.
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- July 12 2021
Australia’s second BI test case gets August 30 start date
The case pits Allianz, IAG, Chubb, Guild and Swiss Re against a variety of small businesses.
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- July 9 2021
Australia’s insurers retain more risk as rates rise
Despite steep rises on loss-affected lines, reinsurance wordings and conditions are largely unchanged.
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- July 8 2021
Axa XL appoints Gilles Fromageot as Asia regional manager
The specialty insurer has also promoted Catherine Carlyon to Australia country manger.
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- July 6 2021
Westpac sells NZ life arm to Fidelity Life for NZ$400m
The move follows the bank's recent sale of its Australian P&C unit to Allianz.
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- July 6 2021
GSA Insurance Brokers to acquire Mega Capital
GSA is buying the rival broker's offices in New South Wales and Victoria.
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- July 6 2021
BI claims saga to hit Australia’s insurers hard
The UK's highest court overturned a long-held global precedent in January.
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- July 5 2021
Aon/WTW: New Zealand regulator further delays decision date
The antitrust watchdog has extended the M&A approval deadline for a third time.
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- July 5 2021
BMS hires Aon financial lines veteran in Australia
Andrew McKenzie has been leading Aon's financial services group in the northern region.
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- July 1 2021
Reforms target Australia’s ‘absurd’ D&O rates
Senate bill aims to curb class-actions as premiums for PLCs tripled in 2020.
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- June 29 2021
Chubb appoints new Philippines’ country president
Mari Rachelle Canta to replace Peter van Ratingen, who is set to lead consumer lines in Australia/NZ.
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- June 28 2021
RACQ CEO calls for national reinsurance pool
The Treasury has been seeking comment on plans to cover cyclone-risk in northern Australia.
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- June 25 2021
Australia’s High Court rejects ICA’s BI appeal
Insurers face billions in claims but a second test case is already underway.
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- June 24 2021
AUB-backed SPG secures specialty broker acquisition
The Western Australia firm provides cover including cyber, D&O, liability and PI.
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- June 23 2021
Australian broker RIB merges with N Queensland’s JVIB
The Australian broking market has seen intense M&A activity of late.
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- June 22 2021
Howden appoints former Marsh trio in Australia
Matt Bacon, Stuart McKellar and Nick Chubb have all taken on key roles in Sydney.
