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- November 17 2022
November floods add to rising Australia nat cat woes
Thousands of claims from NSW, Victoria and South Australia add to US$650m plus bill since July 1, as prices become 'out of reach'.
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- November 16 2022
AA Insurance names Michelle James as CEO
James, who joins from Tower Insurance, will assume office in February 2023.
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- November 15 2022
BHSI promotes Craig Taylor to head of property for Australia & NZ
Taylor will continue to be based in Sydney and report to head of Australasia Mark Lingafelter.
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- November 14 2022
Top Australian banks, insurers agree to settle credit insurance lawsuit for US$84m
QBE, Zurich and Colonial Mutual Life are among carriers that have agreed to the settlement in the class action initiated by Slater & Gordon.
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- November 14 2022
QBE recruits from AIG for head of commercial, partnerships
Scott Bunting was most recently AIG's general manager for NSW and ACT.
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- November 10 2022
ASIC warns insurers of likely surge in claims, seeks higher preparedness
Australian securities regulator said firms need to gear up for the summer as La Nina persists.
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- November 8 2022
PSC confirms trio of acquisitions as Hong Kong revenue climbs to US$4.5m
The group is spending US$14m on Hong Kong's Charter-Union Insurance Brokers, Ensurance UK and Australia's Trade Credit Risk.
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- November 8 2022
APRA’s new capital guidelines won’t impact ratings, says Fitch
Fitch believes the latest regulatory expectations may carry implications for the pricing of capital instruments.
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- November 8 2022
Gallagher snaps up Melbourne broker
JLS Insurance Consulting's team will join Gallagher's Melbourne office.
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- November 8 2022
Suncorp cat claims in Q1 hit about 50% of deductible
The Australian insurer said it expects its nat cat claim costs to be in the range of US$225m-US$263m between July and October 2022.
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- November 7 2022
RMS’ Michael Steel: ‘Committed to expanding APAC footprint in terms of models, perils and people’
In an IAN interview, the risk modeller’s global head discussed regional growth plans, climate change, the ILS market, cyber risks, ESG underwriting and the Moody’s merger.
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- November 4 2022
BCC underwriter accuses Greensill of ‘deceptive conduct’ in Australian court filing: report
The accusation was made by Greg Brereton in a November 2 court filing in response to a case brought by US investment house White Oak.
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- November 3 2022
ICA unveils 2030 insurer net zero roadmap
Instruments include office rooftop solar panels, energy efficiency investments and electric fleets.
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- November 2 2022
Arch Insurance Australia bolsters liability underwriting with AIG hire
Louise Lumley becomes Northern Region underwriting manager, executive assurance.
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- November 2 2022
Cover Genius raises US$70m in fresh funding round
The insurtech wants to invest in its global distribution platform XCover.
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- November 1 2022
‘Loss-propping capital’ is drying up for insurtech start-ups
APAC-based insurtechs have raised a total of US$1bn across 76 deals in Q3.
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- November 1 2022
Perils decreases loss estimate for October 2021 Southern Australia storms
The final loss figure is US$621m, down from US$650m.
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- October 31 2022
Lockton acquires Perth-based specialty broker
Zenith Insurance Services specialises in aged care, disability, aboriginal medical health and community service organisations.
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- October 31 2022
Rising rates, capacity pinch leave strata cover high and dry
With an increase in cat activity, strata has been the worst-performing property line in Australia.
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- October 31 2022
New South Wales government announces US$513m flood package
Since 2019 insurers have received more than 577,000 claims related to declared flood events to the value of $5.64bn.
