News Page 177 / 1058
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- May 21 2024
Temasek, Warburg Pincus team up to acquire broker Specialist Risk Group
The deal is reportedly aimed at helping the London broker to expand internationally, including in Asia.
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- May 21 2024
Japan rainstorm claims top US$610m in FY 2023: GIAJ
The country's carriers received 58,695 claims from two cat events last year, however, the cost to insurers from rainstorms was 66% lower than the year before.
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- May 21 2024
New Zealand to expand scope of fire insurance levies to aviation, forestry from 2026
Fire and Emergency New Zealand will also increase transitional levies on fire insurance by 12.8% from July 1 this year.
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- May 21 2024
ICA sets up counter fraud and scam function, appoints Andrew Gill as CEO
The function will provide an industry-wide capability focused on detecting organised fraud networks and identifying emerging fraud-related trends or criminal scams.
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- May 21 2024
Australian MGA Market Lane Insurance hires Clint Jeuring as western regional manager
Prior to this move, Jeuring was executive account director at local brokerage firm EBM Insurance & Risk.
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- May 21 2024
Munich Re Singapore expands property team with Chubb hire
Adi Salleh, who joins as senior underwriter, has over 13 years of experience and worked across Malaysia, Korea, and Singapore.
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- May 21 2024
Pacific Cat Risk Insurance, WTW tie up to offer subsea cable parametric cover
The policy will cover the state-owned telecom firm’s submarine fibre optic cable network in earthquake-prone Papua New Guinea.
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- May 21 2024
Gallagher adds Dean Mahoney as senior account executive with acquisition of niche Perth broker
Mahoney-founded PSC McKenna Hampton South Perth in Western Australia has merged with the global broker effective May 2024.
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- May 20 2024
MS Reinsurance swings to US$366m profit in 2023
The firm’s combined ratio improved to 90.5% from 98% in 2022, GWP for the period topped US$3bn.
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- May 20 2024
Chinese regulator fines Ping An P&C for internal control failures, fund misuse
The fines were imposed on the company as well as 12 "responsible" employees over a range of violations including internal failures and inappropriate or illegal fund allocations, according to the regulator.
