News Page 126 / 1059
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- August 30 2024
Enstar finalises US$442m cover transaction with IAG
The transaction includes product & public liability, compulsory third-party motor, professional risks and workers’ compensation for losses incurred on or prior to June 30, 2023.
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- August 30 2024
Blue Marble plans Asia expansion to bring insurance to the underserved
Through public-private partnerships, developing prototypes on the ground and using AI as a way to enhance pricing and modelling, the parametric insurtech is expanding its programs in the region which its CEO Jaime de Pinies describes as a "patience game".
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- August 30 2024
Indonesian carrier Artarindo’s capital buffer sufficient to support expansion: Fitch
The rating agency also assigned a first-time national insurer financial strength rating of "A+(idn)" to the carrier with a stable outlook.
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- August 30 2024
ARPC unveils 2024-2028 terrorism and cyclone pools management plan
The Australian Reinsurance Pool Corporation will improve premium collection, claims payment and management of pool net assets. It will also purchase retrocession coverage to protect the terrorism pool net assets and develop cat modelling.
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- August 30 2024
Coverforce brings on board Gareth Carpenter as national broking manager
Sydney-based Carpenter is set to enhance the broker's mid-market and schemes and facilities' capabilities by overseeing NSW and Victoria business.
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- August 29 2024
Australian carriers’ H1 2024 capacity ample except for PFAS, US exposures: Marsh
The first half of the year saw improvement in market competition and the return of insurer choice for buyers, which had not been generally seen since 2017.
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- August 29 2024
Bruce Dettling to oversee Australia as Gallagher’s global head of mining and heavy industry
In this newly created role, London-based Dettling who joins from Aon will report to Malcolm Payton, CEO, property & casualty insurance solutions and head of global fac at Gallagher Specialty.
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- August 29 2024
Korea’s FSC urges insurers to speed up claims payment
Head of the FSC Kim Byoung-hwan also called on insurers to digitalise their insurance claim services by October.
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- August 29 2024
Philippines regulator imposes money laundering risk assessments on insurers, brokers
The Insurance Commission issued the guidelines that require institutional risk assessments on insurers and brokers at least once very two years.
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- August 29 2024
AM Best upgrades Peak Re’s outlook to stable from negative following Fosun’s revised credit condition
The rating agency has also affirmed the rating of Peak Re Hong Kong and its subsidiary Peak Reinsurance AG (Switzerland) at A- (excellent) reflecting its very strong balance sheet, adequate operating performance.
