Country: Pacific Page 75 / 103
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- January 13 2021
Former Tower CEO joins Australian state insurer icare
Richard Harding acknowledges need to restore public confidence at the embattled firm.
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- January 13 2021
APAC accounted for 11% of 2020 global nat cat losses: Aon
Storm landfalls in less exposed areas of Japan, South Korea and the Philippines kept impacts low.
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- January 11 2021
QBE ups 2021 nat cat allowance to US$685m from US$550m
Insurer says reinsurance terms came in better than it had budgeted for.
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- January 7 2021
‘Black Summer’ bushfires to cost Aussie market US$1.45bn
Catastrophe data provider Perils provides final P&C loss estimate.
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- January 6 2021
WTW appoints Australasia head of financial lines
Former Marsh executive Lee Garvey is set to relocate from Singapore to Australia.
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- January 6 2021
IAG keeps 2021 reinsurance cat cover at US$7.8bn
P&C giant reveals that BI claims provisions to be included in expenses.
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- January 4 2021
InsuranceAsia News 2021 predictions
Our editors look ahead to what may lie in store for the market over the coming year.
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- January 4 2021
Loss adjuster ANA appoints new chief executive
Chay Wilkinson currently leads WTW's New South Wales claims team.
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- December 30 2020
ACCC points to broker fees in northern inquiry report
Australia's competition authority says cover needs to be reviewed and stamp duty abolished.
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- December 30 2020
Asia 2020 regulatory review
The sector has faced some significant challenges over the last 12 months.
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- December 29 2020
RCEP to comprise 25% of global premiums
Asian trade deal will come into force in 2021 and boost premiums by US$9.6bn by 2030.
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- December 21 2020
Suncorp confident on reserving after ‘favourable’ BI ruling
Complex ruling comes as Australia's High Court considers another wide-ranging Covid-19 case.
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- December 18 2020
Asia insurtech fundraising 2020 review
Waterdrop’s US$230m “mega round” with Swiss Re was the largest deal this year.
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- December 18 2020
ICA High Court appeal puts BI claims at US$7.5bn
IAG, QBE and Suncorp are all facing significant claims if NSW court ruling is upheld.
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- December 18 2020
QBE’s shares dive on US$1.5bn FY loss warning
ASX-listed global P&C player hit hard by Covid-19, nat cats and North America write-downs.
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- December 16 2020
Partners Life buys NAB’s New Zealand life business for US$206m
Another Australian lender exits the life market.
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- December 15 2020
Prudential Financial VC fund eyes APAC insurtechs
PruVen Capital will hold US$300m in capital in its first fund.
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- December 14 2020
Australia BI claims unlikely to have Asia domino effect
Many (re)insurers withdrew coverage due to large claims after the SARS outbreak.
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- December 14 2020
Queensland’s October hailstorm losses reach US$927m: Perils
Market claims have surged since November.
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- December 9 2020
MS&AD completes acquisition of CBA’s BoComm Life
Japanese insurer finalises long awaited China deal.
