Country: Pacific Page 74 / 113
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- December 2 2021
AIA appoints former Sun Life president as Asia chief
Leo Grepin will also lead group strategy and corporate development effective January 3.
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- December 1 2021
Australia ups state flood mitigation funding by US$35m
Applications opened this week to access money from the country's National Flood Mitigation Infrastructure Program.
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- November 30 2021
Lockton New Zealand appoints former WTW exec as CEO
Peter Lowe has joined the global broker in Auckland this week.
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- November 26 2021
APRA to look for ‘evidence’ on risk management controls
APRA deputy chair Helen Rowell wants boards and senior management to avoid "mistakes of the past".
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- November 26 2021
QBE linked to Zurich’s Australia GI operation – report
A report in The Australian suggests any deal could be worth around US$350m.
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- November 25 2021
New Zealand’s Tower sees net profit climb 72% in FY2021
The frequency of large house claims, predominantly driven by fires, continued to increase in the second half of the year.
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- November 23 2021
Lloyd’s launches retail parametric cyclone cover for Northern Australia
The initiative is led by Beazley with initial reinsurance support from Axa XL, Hiscox and RenaissanceRe.
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- November 19 2021
ASIC sues MLC Life over policy, service failures
The Nippon Life-owned insurer is accused of causing financial harm of nearly US$13m to over 260,000 customers.
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- November 17 2021
US$22bn needed to protect coastal communities: ICA
The figure accounts for around 1.2% of all annual infrastructure spending by local, state and federal governments.
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- November 12 2021
HDI Global Specialty focuses on growth after Hannover Re deal
The specialty player has seen premiums grow from around US$1.1bn to US$2.9bn since 2018.
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- November 9 2021
Tower appoints QBE exec as chief claims officer
Steve Wilson is leaving the Australian firm after over five years and joining the New Zealand insurer in January.
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- November 9 2021
McLardy McShane takes 30% stake in Perth’s Apollo Risk
The fast-growing Australian broking group recently closed a deal to also purchase Sydney Insurance Brokers.
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- November 9 2021
IAG, Suncorp recalibrate cat claims after October hailstorms
Hannover Re's Australia head Michael Eberhardt tells IAN the revisions have come "very early" in the year.
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- November 4 2021
Howden expands into New Zealand and appoints MD
René Hattingh, who has worked at Donaldson Brown and Marsh, joins as managing director.
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- November 4 2021
WTW appoints head of New Zealand
Auckland-based Michael Brown has been serving as interim country leader since May.
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- November 4 2021
AMP’s US$391m Resolution Life Australasia stake sale sees life exit
The deal represents a continuing movement away from insurance by Australia's banks.
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- November 2 2021
IAG raises FY 2022 nat cat claims estimate to near US$750m
The Australian insurer says its claims experience has been 'seasonally unexpected' amid recent severe storm and hail activity.
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- November 2 2021
Honan acquires boutique broker Modern Risk Solutions
The specialist firm services the emerging tech and life science spaces.
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- November 2 2021
Cover fine print key for Asia’s eager travelers
Travel insurance will need to be a far more nuanced offering post-pandemic.
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- October 29 2021
ICA declares catastrophe as South Australia hit by severe storms
Over 12,000 claims have already been filed with the number expected to rise and "substantial" crop losses expected.
