News Page 136 / 997
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- April 4 2024
Canopius takes AIG’s Soon Keen Lee as Asia Pacific CEO
Singapore-based Lee takes over from long-time CEO Mark Newman, who recently moved to London as UK CEO, and will start at Lloyd's (re)insurer by the end of Q2.
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- April 4 2024
Howden Tiger to rebrand as Howden Re from April
The change follows group's rebrand in October last year, which united its broking operations under one name.
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- April 4 2024
Suncorp exits New Zealand life arm for US$244m to focus on P&C business
Resolution Life will acquire the Australian insurer-owned Asteron Life and the deal is expected to be completed in nine months.
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- April 4 2024
India freezes state-owned insurers’ senior executive hires till election ends: report
India elections, slated to on April 26, will stall several appointments including those by the regulator IRDAI, and state-owned GIC Re, according to a local news report.
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- April 4 2024
New normal of US$100bn annual nat cat losses calls for greater resilience
The pace of the widening protection gap for natural catastrophes is increasing, and Swiss Re has urged for meaningful climate adaptation and resilience programs
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- April 4 2024
Australian local government association calls for doubling US$130m disaster fund
Over 300 applications seeking AU$460 million in mitigation projects were submitted in 2023, indicating the federal government's AU$200 million funding is "vastly insufficient", the association said.
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- April 4 2024
Axa’s Bermudan unit completes acquisition of XL Re China
The reinsurer will renamed and operate as a member of the French insurance group, focusing on developing products for the Chinese market.
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- April 3 2024
Taiwan rocked by strongest earthquake in 25 years
The 7.4 magnitude earthquake has caused at least nine fatalities, more than 100 building collapses, landslides, suspension of air and rail services, while AM Best has flagged that losses could come from business interruption coverage.
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- April 3 2024
Aon completes acquisition of Global Insurance Brokers in India
GIB is now wholly owned by the global broker and will formally rebrand and intergrate with the group following the finalisation of the deal later this year.
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- April 3 2024
Second loss estimate for the Australia Christmas storms hits US$1 billion: Perils
The second loss estimate is AU$152 million higher than the initial loss estimate released on February 14.
