Country: Pacific Page 97 / 113
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- January 8 2020
Australia’s majors meet treasury as bushfire claims hit US$484m
The government has offered US$1.38bn towards recovery efforts from the bushfires.
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- January 7 2020
Guy Carpenter picks Pacific CEO
Jeff Saper will spearhead treaty and facultative activities in the region.
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- January 6 2020
Australia bushfire claims shoot up to US$299m
The total has climbed significantly since last week, and the crisis continues.
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- January 6 2020
IAG ups cat reinsurance cover by US$700m
Protection increases after breaching perils allowance in first half of the financial year.
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- January 2 2020
Bushfire claims reach US$167m in Australia
The latest tally is likely to rise much further.
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- December 31 2019
Bushfires reach Melbourne as claims climb
Australia's catastrophic summer is set to cause more heavy losses.
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- December 23 2019
2018 Sydney hailstorm property losses at US$550m
The figures from Perils show claims have risen 4% and show a better understanding of hail risk.
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- December 23 2019
Claims expected as village almost destroyed in NSW
The devastation is yet another set back for residents, firefighters, authorities and insurers.
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- December 23 2019
The year in review: 12 market highlights
InsuranceAsia News reflects on some key moments in a busy year across the region.
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- December 19 2019
QBE’s rates rise but underwriting hit by US claims
A year of mixed fortunes at the Aussie major could see a combined ratio miss.
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- December 18 2019
Compliance costs surge at Australia’s P&C majors
This year's Royal Commission report and risk governance are top of the agenda.
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- December 18 2019
Collapsed CBL racks up additional charges
New Zealand's Fraud Office and Financial Markets Authority accuse the firm of serious wrongdoing.
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- December 17 2019
Further damage in New South Wales as 20 buildings destroyed
Extreme heat and continuing fires mean Australia's battle this summer is far from over.
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- December 13 2019
A rough week for M&A
Deals for Australia's Coverforce and Malaysia's RHB fall through.
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- December 12 2019
Australia still ablaze as claims mount, air quality worsens
Losses stand at US$112m and rising, while Sydney’s air quality levels are hazardous.
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- December 11 2019
CEO to step down from New Zealand’s Tower
Richard Harding will return to Australia in the new year.
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- December 10 2019
New Zealand’s market hit by volcano, landslide and floods
A large volume of claims are expected over the next few weeks and months.
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- December 10 2019
AUB’s planned acquisition of Coverforce falls apart
The broker was unable to access key documents to finalise a deal valued up to US$136m.
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- December 6 2019
Nat cats batter Australia’s underwriting profits
The market saw a 53.4% decline from the same period in 2018, and there are ongoing bushfires.
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- December 3 2019
Honan and MP Insurance Brokers launch Malaysia JV
The combination is aiming to upscale and upskill services.
