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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.
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- February 17 2020
Allied World’s Garrison on rates, nat cats and data
After 5 years in Asia the leader is encouraged by an increasingly sophisticated market.
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- February 17 2020
Australia’s bushfire losses to exceed Ash Wednesday
While the worst of the fires are over, the costs are continuing to rise.
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- February 13 2020
Market prepares as Cyclone Uesi threatens Australia’s east coast
The cyclone is a category three storm.
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- February 12 2020
IAG’s H1 profits fall 43% as Harmer raises climate fears
The firm is now expecting A$850m of nat cat costs this year, up from A$715m in January.
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- February 12 2020
Suncorp’s nat cat challenges remain amid H1 sales’ profit boost
The insurer is running out of reinsurance nat cat cover as it reveals H1 profit increase.
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- February 11 2020
Australia’s Townsville floods were US$832m property loss: Perils
The 2019 disaster brought record-shattering rainfall and the highest payout since the Brisbane Floods.
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- February 10 2020
Flooding and Cyclone Damien add to Australian insurers’ woes
The storm and other downpours will bring more claims but could help contain the bushfires.
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- February 10 2020
Australia’s ProRisk signs binder deal with Swiss Re CorSo
The move replaces Lloyd's paper at the underwriting agency.
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- February 6 2020
Hannover Re’s renewals boosted by APAC growth
The German player has "substantially" increased P&C positions with stable pricing and conditions.
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- February 6 2020
IAG creates strategy and innovation arm
Julie Batch has been promoted to head the division.
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- February 5 2020
Cyclone threatens Australia as summer claims hit US$1.46bn
Cyclone Damien would be the third tropical storm of a wild weather season for the market.
