News Page 19 / 1075
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- May 13 2025
Lotte Insurance plans capital raise as it postpones US$64m bond redemption: reports
Carrier's plans to exercise a call option ran into opposition from regulator FSS due to low capital ratio.
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- May 13 2025
APRA authorises IAG-backed CGU Australia as new general insurer
IAG had announced it will restructure CGU and WFI Insurance brands by centralising specialist expertise.
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- May 13 2025
Gallagher Re taps Swiss Re’s Satoshi Yamazaki as senior manager in Tokyo
Yamazaki has held senior treaty and facultative underwriting positions at Swiss Re and XL Catlin.
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- May 13 2025
India-Pakistan tensions put pressure on pricing, capacity as carriers remain cautious
Market is unlikely to face significant losses due to limited appetite for risks associated with high exposure near the border region, says industry expert.
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- May 12 2025
Chair of federal flood insurance inquiry named Australian financial services minister
ICA welcomed Anthony Albanese's second Labor government and assistant treasurer and financial services minister Daniel Mulino.
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- May 12 2025
Allianz Commercial appoints Roy Kang as property underwriter in Tokyo
Kang previously worked at Hyundai Marine & Fire Insurance for almost nine years, focusing on reinsurance underwriting.
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- May 12 2025
Australia’s extreme weather costs near US$1bn in 2025: ICA
Ex-Tropical Cyclone Alfred was the costliest event at US$770m accounting for more than 90% of the claims.
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- May 12 2025
Axa XL Australia hires trio to expand property, construction, energy claims team
Tylie Petrovski, Rebecca Williams and Ilija Bogoevski have joined the insurer in Brisbane and Sydney.
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- May 12 2025
McLardy McShane acquires authorised representative Stewart Insurance
Melbourne-based broker has been a corporate authorised representative of McLardy McShane for about 10 years.
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- May 12 2025
Korea P&I club gets rating outlook downgrade as 2024 COR climbs to 204%: AM Best
Rating agency has revised the outlook to negative from stable and affirmed the financial strength rating of B++ (Good) and the long-term ICR of bbb+ (Good) of the club.
