Country: Pacific Page 99 / 109
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- July 17 2019
IAG invests in vehicle subscription service Carbar
The insurer is looking to diversify to understand other markets.
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- July 16 2019
AMP’s life sale to Resolution is “highly unlikely”
Regulatory concerns in New Zealand have been cited by the potential buyer.
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- July 10 2019
Axa XL finalises regional leadership team
The global firm has named a familiar looking senior line-up for Asia-Pacific.
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- July 10 2019
PSC agrees Victoria broker deal
Melbourne-headquartered PSC Insurance Brokers is expanding with a US$30m purchase.
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- July 9 2019
Canopius Australia & Pacific hires four
The Lloyd's insurer, led by Claudio Saita in Australia & Pacific, is on a recruitment drive.
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- July 8 2019
Arag and HDI unite in legal expenses Australia push
The move means Arag has operations in 18 countries across five continents.
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- July 5 2019
Terror risks evolve
Despite declines at the global level, threats in Asia Pacific are significant and continue to develop.
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- July 5 2019
New Zealand ruling aids insurers over quake damage
IAG has secured a win in the Supreme Court regarding assignment law over onsold damaged properties.
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- July 5 2019
Couple convicted of defrauding Dual in Australia
The judge found the couple defrauded MGA Dual out of around US$12m.
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- July 4 2019
Regulator under fire over CBL collapse
Not enough was done for years to investigate CBL's finances a report has found.
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- July 4 2019
Philip van Zyl to lead Sedgwick New Zealand
Existing chief executive Darryl Cowan to become chairman in 2020.
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- July 3 2019
AGCS appoints Pacific CEO
Allianz Global Corporate & Specialty has promoted James Stack as it exits long tail business in Australia and New Zealand portfolios.
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- July 3 2019
Tokio Marine snaps up IAG underwriting agency
Tokio Marine Management (Australasia) now employs 140 staff in the region.
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- June 27 2019
IBNA’s brokers to move to Steadfast
The unification of the two rival broker networks will be a surprise to many.
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- June 26 2019
Australia’s construction market threatened by PI retreat
Surveyors may not be able to meet legal requirements after insurers withdraw cover.
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- June 24 2019
Adani’s coal mine obtains cover despite backlash
The controversial Carmichael project in Queensland has insurance despite majors vowing to stay away.
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- June 24 2019
AIG pulls HNW cover in New Zealand
The insurer has decided to stop all high-net-worth coverage from the end of next month.
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- June 24 2019
New Zealand oil drilling cover could rocket
Analysis suggests an oil spill in the Taranaki basin could cost as much as NZ$926m (US$610.4m).
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- June 21 2019
Sydney hailstorm property losses reach US$530m: Perils
The December storm is one of the largest hailstorm losses ever recorded.
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- June 20 2019
Australian motor add-on refunds top US$89m
The Australian Securities and Investments Commission has issued more refund requests over poor practice.
