News Page 192 / 997
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- November 7 2023
Cyber specialist Coalition launches in Australia with multi-year Allianz capacity
The insurer offers cyber insurance and tech E&O coverages on a primary basis with up to US$2 billion in turnover and no minimum premium.
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- November 6 2023
Miller taps Lockton’s William Seccombe to lead Asia financial lines
Singapore-based Seccombe will focus on building a team of experts across all financial lines, enhancing the broker’s global product offering and reach across the sector in APAC.
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- November 6 2023
Asian P&C carriers hit by falling profitability and slowing premium growth: McKinsey
CORs in emerging Asia reached or exceeded 100% every year from 2017 to 2022, primarily driven by a higher expense ratio, while insurance penetration has stagnated at 1- 2% over the past decade, a report by the consulting company shows.
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- November 6 2023
Cautious approach on Aswata’s reinsurance dependence and panel: Fitch
The rating agency has affirmed an insurer rating of AA(idn) with a stable outlook, primarily driven by its high capitalisation and sustained high underwriting profitability.
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- November 6 2023
Coastsure Insurance Brokers acquires Ausure Gold Coast Insurance Brokers
Ausure Gold Coast’s principal, Richard Bell, will assist with the integration of the portfolio into Coastsure.
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- November 6 2023
IAG accuses Greensill of misleading German regulator: report
In a court filing, the Australian carrirer said that the failed trade lender did not disclose that it had agreed to fund its own insurance claims when it presented a credit insurance guarantee to the country's regulator.
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- November 6 2023
Western Nepal’s earthquake casualty losses to exceed US$2.3m: sources
Although the earthquake happened in a remote district with low presence of carriers, the liability has raised up to around US$150,000, potentially retained by local (re)insurers, IAN understands.
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- November 3 2023
Roshan Perera to lead Gallagher Re APAC strategic solutions
Prior to joining Gallagher Re last year, Perera had spent over 12 years with consultancy firm consultant NMG Consulting.
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- November 3 2023
KB Insurance improving profitability, investment returns: AM Best
AM Best has affirmed its rating of A (excellent) with a stable outlook, citing the firm’s strong balance sheet, adequate operating performance, neutral business profile and parent support.
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- November 3 2023
Howden snaps up Perth broker Unicorn Risk Solutions
The London-based broker had picked up minority interest in this business late last year and decided to fully acquire after it "delivered significant benefits".
