News Page 162 / 1047
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- May 29 2024
IAG slapped with class action suit over ‘loyalty tax’ on home insurance renewals
IAG says it intends to defend the proceedings commenced by class action specialist law firm Slater and Gordon against its subsidiaries IAL and IMA.
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- May 29 2024
Great Eastern’s minority shareholders demand better offer from OCBC: report
The take-private offer is priced at a 30% discount to the Singaporean insurer's embedded value, a metric often used to value insurance firms elsewhere, shareholders say.
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- May 29 2024
AM Best upgrades Philippine non-life market outlook to stable
The market experienced double-digit increases in the casualty, health and accident lines of business in 2023 with GWP growing 13% year-on-year.
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- May 29 2024
Tower swings back to profit in H1 2024 on absence of large nat cat
The Kiwi insurer's reported net profit after-tax totalled US$22.2m, reversing the US$3.1m net loss a year ago.
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- May 28 2024
Australia’s Rivers Insurance Brokers expands to Victoria with IOOF acquisition
The combined business will operate under the Rivers Insurance Brokers' brand.
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- May 28 2024
Equal chance of neutral ENSO conditions and La Niña: BOM
The Australian weather agency has maintained La Niña watch as there are some early signs that an event might occur in the Pacific Ocean later this year.
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- May 28 2024
Cédric Boureau returns to CCR Re as senior actuary underwriter for Asia, Africa
Boureau, who had left the French reinsurer for Swiss Re in 2020, will report to John Conan, director of P&C for Asia and Africa.
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- May 28 2024
Japan hail fall insurance payout reaches US$214m: GIAJ
Insurers see 98% claims settled out of total 92,424 accepted claims as of April 26, according to GIAJ.
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- May 28 2024
NM Insurance hires Andrew McFetridge as head of New Zealand operations
McFetridge will focus on growing the company’s local team and expanding distribution networks focusing on marine and motorcycle insurance.
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- May 27 2024
Paytm General Insurance withdraws application for general insurance licence
The decision allows the group to focus on the insurance distribution portfolio built by its wholly-owned subsidiary Paytm Insurance Broking, it said.
