News Page 156 / 1207
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- April 30 2025
Peak Re expects stronger year ahead despite dip in profits, revenues in FY24
Reinsurer reported a 6.7% drop in net profits at US$187m in FY24, driven by operating losses from its associate firms and a hike in income tax expenses.
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- April 30 2025
New Zealand insurers’ GWP grows 8.6% to US$6.4bn, COR improves to 78.6%: ICNZ
Following the impact of the Auckland Anniversary Weekend floods and Cyclone Gabrielle in 2023, premiums stabilised in 2024 as global reinsurance rates and inflation eased, the Insurance Council of New Zealand said.
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- April 30 2025
Allianz Commercial Australia appoints Mark Sutton head of client engagement
Sydney-based Sutton joined Allianz Australia in 2013, and he was most recently the head of partnerships and distribution for personal injury.
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- April 30 2025
Peak Re’s US$50m cat bond bring ‘fresh capacity’, covers peak Asia scenarios
Hong Kong reinsurer's new ILS offering supports its ability to grow into its key markets of Japan, China and India.
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- April 30 2025
Howden confirms Mandira Gupta as MD and M&A head
Gupta, who joins from rival Marsh, will lead the broker's private equity and transactional risk insurance solutions as first reported by IAN.
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- April 30 2025
Munich Re Australasia promotes Diana Baer to CFO
She replaces David Field, who has become a member of the management board and CFO of Great Lakes Insurance.
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- April 30 2025
Exclusive: BMS to shut down South Korea, Japan offices
Market sources tell IAN that most of the staff working in both offices of the M&A specialist broker will be let go.
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- April 30 2025
Peak Re closes US$50m multi-peril cat bond securing Japan, China, India protection
The bond is the second insurance-linked security offering by the Hong Kong reinsurer.
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- April 29 2025
Hurricanes, quakes could drive peak year insured losses to US$300bn: Swiss Re Institute
Global insured natural catastrophe losses may reach US$145bn in 2025, mainly driven by secondary perils like severe thunderstorms, floods and wildfires, according to Sigma report.
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- April 29 2025
Australia’s 1688 Underwriting gains Lloyd’s coveholder approval
Sydney-based MGA can act as an agent for Lloyd’s syndicates in Australia.
