News Page 229 / 1105
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- May 9 2024
Arch Australia grows executive assurance team with senior underwriter hire
Melbourne-based Jessica Wehbeh has joined the carrier's management liability and D&O products team from AIG.
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- May 9 2024
Danielle Eliatamby becomes ANZ lead partner for Fusion Specialty
Sydney-based Eliatamby has been at the specialist MGA since 2022.
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- May 8 2024
Ardonagh to acquire Australian broker PSC Insurance for US$1.5bn
The broker will be merged into Ardonagh-owned Envest and its CEO Greg Mullins will oversee the combined operations for Australia and New Zealand.
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- May 8 2024
Shanghai Insurance Exchange appoints Wang Zhe as new head as ex-chair faces probe
Wang, an insurance veteran specialising on data analysis and infrastructure, has replaced Ren Chunsheng, who is under probe by the Communist Party's top anti-graft watchdog.
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- May 8 2024
AIG appoints Shanti Shafqat as New Zealand national corporate financial lines manager
Shafqat started her role in May and is based in Auckland.
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- May 7 2024
APAC markets moderating, loss-exposed lines remain challenging: Aon
Cat-exposed property across Asia saw limited capacity and renewal price increases but capacity for casualty remained abundant, leading to moderate market conditions, despite concerns of increasing exposures.
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- May 7 2024
AUB lifts FY 2024 net profit guidance to top-end of earlier range
The Australian broker's second forecast upgrade this year is based on the assumption that the profit split for the first and second half would be in-line with the usual seasonality trend and renewal cycle.
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- May 7 2024
CelsiusPro launches parametric climate risk insurance for Indian women workers
The index-based product offered in partnership with Howden Insurance Brokers and Go Digit, provides financial protection against extreme heatwaves for women working in India's informal sectors.
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- May 7 2024
MS&AD’s new CEO vows to fast-track unwinding of strategic holdings: report
Shinichiro Funabiki, the incoming group chief executive, has pledged to sell down cross-holdings in two years as part of a wider clean-up of the group's governance.
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- May 7 2024
Arch Australia hires Michael Faulkner as distribution & engagement lead
Joining from Vero, Faulkner will be in charge of creating business development opportunities for all product lines in the newly created role.
