News Page 121 / 1048
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- August 21 2024
IAG grows FY 2024 insurance profit 79% to near US$1bn
The Australian insurer's COR improved 4.3 percentage points to 89.3% and its GWP grew 11.3% to US$11bn for the financial year ended June 30.
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- August 20 2024
La Niña arrival likely delayed till October, say climate agencies
The Australian weather bureau noted that conditions continue to be ENSO-neutral and the extent and magnitude of cool water have decreased since last fortnight.
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- August 20 2024
WTW brings on board Alanna Lowe as New Zealand head of broking
Canterbury-based Lowe joins from AUB Group-owned ICIB Brokerweb Insurance.
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- August 20 2024
Australia’s FTA Insurance expands public and products liability team with two hires
Both Melbourne-based, Daniel Malic joins the financial lines-focused Lloyd's coverholder as national general liability manager, as Janelle Ferraro joins as general liability underwriter.
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- August 20 2024
GIC Re mulling exiting its non-core housing financing arm: report
The reinsurer, which holds a 15.26% stake in GIC Housing Finance, plans to bring in an investor to divest its stake.
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- August 20 2024
Sedgwick names Jennifer Blackwell as senior liability adjuster
Sydney-based Blackwell brings over 30 years of experience to the firm after having worked for leading insurers such as Suncorp Group, and Allianz in Australia.
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- August 20 2024
BHSI ropes in AIG’s Tim Air as executive underwriter for marine, Australasia
Melbourne-based Air has 25 years of experience in leadership and distribution roles across both Australia and New Zealand.
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- August 20 2024
Renewables fuel Munich Re Specialty Asia syndicate’s regional diversification strategy
Following the rebranding of all primary specialty insurance entities under one brand, Munich Re's APAC underwriting hub in Singapore is diversifying away from its traditional focus on marine and energy and also expanding into cyber, political risks, financial lines.
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- August 20 2024
Exclusive: ARB Indonesia elevates Wayan Sumendra to president director
In his new role, Jakarta-based Sumendra will be responsible for developing Indonesia reinsurance broking strategy and managing all business operations for ARB Indonesia.
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- August 19 2024
AUB doubles down on UK retail expansion with Movo acquisition
The London-based broker is the second acquisition by the company in the UK after it picked up a 40% stake in AR network Momentum in June this year.
