News Page 197 / 1059
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- April 8 2024
Aon’s Dan Chapman rejoins Lockton Australia as director for trade credit, surety and political risk
As one of the founding members of Lockton Australia in 2012, Chapman will work closely with Liam Berry, head of surety, trade credit & political risk at the broker.
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- April 8 2024
Philippines budgets US$80m for crop insurance funding in FY 2024
The allocation is under the 2024 General Appropriations Act and is expected to cover the full cost of crop insurance premiums of more than 2.3m of the country's targeted farmers and fishermen.
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- April 8 2024
Arch Insurance Australia promotes Louise Lumley to underwriting manager
Sydney-based Lumley will focus on growing Arch’s directors and officers insurance, and management liability insurance business in the Australian market.
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- April 8 2024
Lockton Thailand names Suradee Malaiarisoon chief executive, Julio Camanag deputy CEO in leadership reshuffle
The broker's executive chairman in the country Wattana Wongvisesnopakun will continue with the business.
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- April 8 2024
Taiwan earthquake set to be ‘notable event’ for local carriers: Aon
Relatively high take-up rate of residential earthquake insurance will impact the country's insurance industry as economic losses from the event is set to reach 'hundreds of millions dollars', the broker said.
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- April 8 2024
South Africa’s Sanlam raises stake in Indian insurance JVs to over 50%
Following the deal, Sanlam's areholding in Shriram General Insurance will increast to 50.99% and in Shriram Life Insurance to 54.40%.
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- April 8 2024
Samsung Fire & Marine quits bancassurance as sales flag: report
The move from savings to protection products have made the banking channel less attractive non-life carriers in Korea, especially since the introduction of IFRS17.
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- April 8 2024
Eastern Australia hunkers down as threat of ‘blue sky flood’ continues
After the wild weather slammed the country’s south-eastern states, the New South Wales government has declared an emergency even as skies cleared up and Queensland continues to on alert as the rain event hasn't yet let up.
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- April 5 2024
Allianz Partners becomes first foreign reinsurer to set up in India’s GIFT City
The reinsurance branch in the special economic zone will focus on the non-life sector catering to B2B, reinsurance, travel, mobile devices and digital risk sectors.
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- April 5 2024
IAG forks out US$24m in compensation for underpaid staff
IAG, which self-reported non-compliance issues to the regulator in December 2020, also signed an enforceable undertaking with the Fair Work Ombudsman.
