Country: Pacific Page 72 / 113
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- March 3 2022
Reinsurers on alert as Australia flood claims projected to top US$1.45bn
The Queensland and NSW floods could become one of the costliest nat cats in the country's history.
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- March 2 2022
Claims top 30,000 as Australia floods worsen
NSW premier described the extreme weather as a 'one-in-a-1,000' year event.
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- March 2 2022
Ukraine crisis may force further hardening of Aussie cyber
Heightened threat constrains underwriting appetite.
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- March 1 2022
Australian market counts cost of ‘unprecedented’ flooding
Parts of Queensland and NSW impacted, with Suncorp reporting US$54m of claims already.
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- February 28 2022
Gallagher Re taps Munich Re for Australia chief exec
Sydney-based Heather Bone will join the global broker on March 16.
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- February 25 2022
Austbrokers’ parent targets 19% growth
AUB has increased its profit goal and looks set to join the race for global scale.
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- February 24 2022
Delta Insurance re-engages with Asia
The MGA shelved its Asia plans when Covid-19 arrived - now they're back.
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- February 23 2022
Charles Taylor appoints new head of Australia and New Zealand
Mark Thompson will be tasked with growing the P&C business in the region.
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- February 22 2022
ICA warns disaster funding needs doubling
All Australian governments also need to collectively lift funding over the next five years.
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- February 22 2022
Australia court verdict brings clarity to BI claims saga
The ICA said it had been a "long but necessary process" that will provide guidance on how policy wordings are to be interpreted.
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- February 21 2022
Latest Australia Covid-19 BI court decision favours insurers
Justice Mark Moshinsky has largely upheld the original second test case decision in October.
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- February 18 2022
QBE’s profit surges despite 23% nat cat claims rise
Group profit increased to US$750m in FY2021, following significant losses in 2020.
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- February 17 2022
Specialty MGAs continue APAC expansion
Delta's Australia launch is latest indication that insurers are willing to back the model.
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- February 15 2022
Delta Insurance expands into Australia
The MGA is initially offering professional indemnity, cyber and commercial liability cover.
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- February 14 2022
MGA FloodFlash targets Japan, Australia after raising US$15m
Investors in the parametric insurtech include MS&AD Ventures and Munich Re Ventures.
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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.
