News Page 156 / 1236
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- July 1 2025
IAG lifts profit outlook as nat cat bill comes in below forecast
Australian insurer revealed that natural peril costs for FY2025 had come in roughly US$132m below expectations.
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- July 1 2025
APAC 1.7 renewals see ‘significantly more reinsurance capacity than demand’: Gallagher Re
Loss-free cat programs in Australia and New Zealand saw 5-12.5% risk adjusted reductions, while loss-free risk programs saw rates down 2.5-10%.
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- July 1 2025
Suncorp trims reinsurance tower even as rates soften, locks in multi-year deal
Despite exposure growth in its portfolio, Australian insurer expects the total cost of the program to be lower than in FY25, aided by reduced pricing, minor structural changes.
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- July 1 2025
Aon names Jarut Sukkhawadee head of commercial risk for Thailand
The broker bolstered operations in the Asean market with a series of key appointments.
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- July 1 2025
Allianz Asia Pacific names Vojtěch Pivný as regional CFO
Pivný was CFO at Allianz Poland previously, where he led the successful consolidation of Allianz and Aviva’s operations.
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- July 1 2025
Chubb strengthens global broker division in Australia with key leadership changes
Jennifer Vanek appointed national strategic relationship manager, global brokers division; John De Felice and Ryan Spettigue national relationship managers.
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- July 1 2025
BMS Australia snaps up Corporate and Commercial Insurance Brokers
Queensland-based broker specialises in risk management advice and insurance broking services to large, privately owned organisations.
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- July 1 2025
Allianz Commercial names Alex Shi as regional head of liability
Shi joins from Allianz Insurance Singapore, where he was the chief underwriting officer.
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- July 1 2025
Record capital, increased reinsurer appetite drive rate reductions at July 1: Aon
In Australia and New Zealand, property cat XoL renewals see up to low double-digit risk-adjusted reductions.
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- June 30 2025
Beazley ropes in Estee Chong as financial institutions product specialist for Asia
Chong was previously head of casualty and long tail business at Chubb based in Singapore.
