Country: Pacific Page 91 / 109
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- March 24 2020
Lloyd’s Australia closes Sydney office amid Covid-19 outbreak
The move follows similar action in London as a result of the pandemic.
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- March 20 2020
Australia’s summer loss bill surpasses US$2bn
Recent flooding has compounded bushfires and hailstorms with Covid-19 to add more claims.
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- March 19 2020
New Zealand’s SkyCity secures US$50m fire payout
Money expected to arrive over April with Chubb understood to be the lead insurer.
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- March 17 2020
QBE confirms 200 job cuts in Australia Pacific arm
The Australian insurer is undergoing an operational streamlining under Pat Regan.
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- March 13 2020
Covid-19 declared catastrophe in Australia
The Insurance Council of Australia has launched a special taskforce to deal with virus-related claims.
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- March 11 2020
Strong weather pattern contributed to Australia’s bushfires
Indian Ocean Dipole partly to blame for extent of the disaster which has caused huge losses.
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- March 9 2020
Australia’s summer losses climb to US$3.3bn, says APRA
The number of extreme weather events for the market is likely to increase in future.
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- March 4 2020
Australia’s January hailstorm losses jump 26% to US$528m
There have been 87,500 claims filed of which 60,000 related to motor vehicle damage.
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- March 3 2020
Timaru hailstorm was NZ’s third costliest nat cat in 100 years
The November storm will cost insurers over US$50m in a nat cat heavy Q4.
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- February 27 2020
Steadfast’s Kelly sees rising premiums for next two years
The Australian broking group had a strong first half to the fiscal year and was bolstered by acquisitions.
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- February 27 2020
Youi to back Blue Zebra after Zurich’s withdrawal
The move will see Youi develop its offering in the Australian SME space.
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- February 26 2020
Australia braces for claims from 2020’s fourth cyclone
The storm comes as several insurers are close to breaching their nat cat limits for the financial year.
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- February 25 2020
Australia launches royal commission into bushfires
The move by the government follows an unprecedented summer.
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- February 21 2020
Arch Re takes aim at Asia with marketing deal
Bermuda player to harness data science to expand into life and A&H markets.
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- February 21 2020
Australia’s PSC posts 37% revenue jump in H1 2019/20
The group's 2019 acquisitions helped to bump up its revenue.
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- February 20 2020
Australia’s January hailstorm claims jump to US$428m
There have been almost 70,000 claims in ACT, New South Wales and Victoria.
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- February 18 2020
Arch Re targets APAC expansion with marketing firm buy
The deal should help the reinsurer with valuable data analytics in the life and A&H space.
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- February 18 2020
AUB Group spends US$183m on M&A
The listed broker has kicked off 2020 in growth mode.
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- February 18 2020
Climate change jeopardising affordability: QBE
Global warming is a material risk for QBE's business operations worldwide.
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- February 17 2020
QBE’s Regan hails fundamentals after poor underwriting result
QBE saw post tax profits jump 41% to US$550m despite a difficult nat cat environment.
