News Page 157 / 1069
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- July 24 2024
Haier-backed insurance broker Zhongmiao gets greenlight for Hong Kong listing
The Shandong-based company will be the first insurance intermediary to trade in Hong Kong if it completes an IPO.
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- July 24 2024
Swiss Re CorSo Australia & New Zealand appoints Kevin Bates as country head
Sydney-based Bates, who was head of risk and insurance at Australian construction company Lendlease, will take over from Christine Bell, who is retiring.
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- July 24 2024
Pacific insurance rates decline 5% led by finpro, cyber and property lines: Marsh
Casualty was the only line that saw a slight increase with the rates going 1% up, however, the lowest in many years, as capacity and competition increased from new and existing markets.
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- July 24 2024
Great American Insurance taps Chubb’s Julie Leng as marine underwriter
Leng, who was an assistant manager based in Kuala Lumpur, joins the Great American's Singapore branch.
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- July 24 2024
HDI Global hires Stuart Routledge as New South Wales marine underwriting manager
Sydney-based Routledge joins from RedSky Insurance where he was senior marine underwriter specialising in cargo insurance for over three years.
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- July 24 2024
Criterion secures capacity from Bridgehaven Specialty to target waste management and recycling
The "A" rated capacity enables the MGA to offer "significant line sizes" to the underserved demand for sustainable recycling covers across UK, Australia and New Zealand.
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- July 23 2024
Korean insurers brace for more investment return volatility: Fitch
The carriers have sufficient capitalisation and their stable underwriting performance will likely support their overall profitability and offset the choppier returns caused by the IFRS 9 accounting change.
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- July 23 2024
WTW promotes Steven Torresan to APAC head of M&A practice
Sydney-based Torresan will work closely with Guy Miller and Andrew Stubbings, who will assume joint responsibility to co-head the M&A Australasia business in WTW’s financial & executive risks team.
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- July 23 2024
Zurich Australia on course for 7% revenue growth in the next two years: S&P Global
The rating agency has affirmed the insurer's 'AA-' rating with a stable outlook after implementing its revised criteria on capitalisation.
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- July 23 2024
Tokio Marine, Sompo receive FSA’s report orders on customer data leak
In their responses to the regulator's requests, the carriers have promised to continue to investigate the information leak, determine the root cause, and take thorough measures to prevent recurrence.
