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- November 22 2023
El Niño likely to continue till March 2024, says Australian weather bureau
The sea surface temperatures are hovering above El Niño thresholds into the early Southern Hemisphere autumn of 2024 while the event is gaining moderate strength.
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- November 21 2023
NorthStandard to increase its P&I and FD&D premiums in 2024-25
The club will apply 5% general increase to its premiums from February 2024 for the 2024-25 policy year to represent "a responsible approach to underwriting at a time of persistent shipping market uncertainties".
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- November 21 2023
AIG promotes Doris Chan to head of financial lines, Hong Kong & Macau
Hong Kong-based Chan will take over from Cynthia Sze, who was promoted to general manager for Hong Kong and Macau last month.
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- November 21 2023
Volante takes China Re’s Liu Song as treaty director
Singapore-based Song will be the Lloyd's player's portfolio director responsible for treaty business in South-East Asia, Greater China, and South Korea.
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- November 21 2023
IAG’s New Zealand flood and cyclone payouts top US$600m
The country's largest carrier has called on the government to prioritise flood resilience as the economic toll of summer of storms continues to mount.
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- November 21 2023
Malaysian Re reports US$23.8m net profit in H1 FY 2024
The Asean reinsurer returned to profit in the first six months of the financial year on the back of higher insurance service results and investment gains.
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- November 20 2023
IAG names Jacqueline Rush as executive manager to transform complaints system
Melbourne-based Rush will report to the Australian carrier's chief customer and marketing officer Michelle Klein.
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- November 20 2023
Kiwi carrier Tower exits commercial farm insurance
Commercial rural clients will be referred to AonAgri from February 1 as the carrier focuses on its direct personal and small business lines.
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- November 20 2023
Vietnam connects to Asean compulsory motor insurance system
Bao Viet Insurance is the only Vietnamese carrier approved to issue blue cards that prove that a vehicle has third-party liability cover to be used across Asean borders.
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- November 20 2023
AM Best affirms China Re’s rating on strong capitalisation
The rating agency noted Chaucer continues to be the major driver of overseas non-life reinsurance revenue and helps strengthen the group’s business footprint in the global reinsurance market.