Country: Pacific Page 74 / 109
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- August 13 2021
Australia’s D&O rates to stabilise with new disclosure law
A temporary rule introduced during the pandemic has been made permanent.
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- August 12 2021
China’s record floods dominate July’s Asia claims
Aon reports says US$1.7bn of insured losses is highest nat cat payout for the Chinese insurance industry on record.
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- August 12 2021
Asia’s forestry rates harden as capacity squeezed
Australia saw price hikes of 100-150% after fires generated insured losses of A$300m in 2020.
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- August 11 2021
IAG sees FY 2021 loss, flags A$1bn insurance profit
Business interruption claims related to Covid-19 weighed heavily on performance.
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- August 11 2021
New Zealand’s ‘costliest’ tornado leaves a NZ$32m bill
The Insurance Council of New Zealand says NZ$24m of the claims were related to residential property.
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- August 11 2021
Comsure-WRI merger creates Austbrokers’ fifth-largest entity
The deal combines A$120m in annual GWP and over 70 employees.
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- August 10 2021
Suncorp’s FY 2021 profit increases 13.1% to US$760m
The insurer's nat cat allowance for the next financial year has increased by A$30m to A$980m.
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- August 10 2021
Dai-ichi Life’s Westpac deal highlights APAC ambitions
The deal consolidates the Japan firm's position as the market leader down under.
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- August 10 2021
Former Lockton director sets up APAC agriculture broker
Stephane Baldanoff has established a Melbourne-headquartered start-up.
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- August 9 2021
Suncorp veteran departs after 35 years
Commercial and intermediaries GM Darren O’Connell has left the Australian insurer.
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- August 4 2021
Westpac to sell its life unit to Dai-ichi in US$1bn deal: report
Bloomberg report says official deal announcement could come by the end of August.
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- August 4 2021
RGA sees APAC Q2 loss as Covid claims bite in India
The US-based reinsurer, however, described its experience in the region beyond the pandemic as "favourable".
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- August 3 2021
APRA stress tests show (re)insurers’ resilience amid Covid-19
The regulator says there is room to improve stress testing capabilities across the insurance industry.
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- August 3 2021
Singapore syndicates and UK-based MGAs eye Australia
Lloyd's webinar highlights strong rate increases in D&O and PI lines down under.
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- August 3 2021
Brokerslink adds new task force to steer Asia-Pacific growth
The group's new Asia-Pacific task force aims for greater regional visibility.
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- August 2 2021
Descartes Underwriting opens offices in Australia and Singapore
The French climate risk-focused MGA is expanding its operations to the Asia-Pacific region.
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- August 2 2021
Australia’s class-action exposure pushes insurers’ reserves higher
Professional indemnity and public liability lines could see adverse long-tail losses.
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- July 30 2021
Liberty Specialty Markets makes two APAC leadership changes
Vanessa Maher takes on Australia chief risk role as Rob Mercer becomes regional claims head.
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- July 30 2021
Insurtech fund-raising hits US$7.4bn in H1 2021
WTW report shows the first half of the year has surpassed 2020's total of US$7.1bn.
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- July 28 2021
Asia pricing saw 6% growth in Q2: Marsh
The increase was driven by property, financial and professional lines.
