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- February 16 2024
Perils hikes Cyclone Gabrielle final loss estimates to US$1.32bn
The total loss from New Zealand's twin weather events last year has reached US$2.7 billion with Auckland floods costing more at US$1.36bn.
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- February 16 2024
QBE FY 2023 GWP rises 8% on higher premium rates
Net profit more than doubles for the full year of 2023, although still missing analysts' expectations. Its COR improved marginally to 95.2%.
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- February 16 2024
IAG’s H1 2024 underwriting profit up 24% to US$211m , COR improves to 92.8%
The insurer's GWP grew 12.5% on premium increases and strong New Zealand business, but its net profit fell 13% year-on-year.
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- February 16 2024
Mitsui Sumitomo plans to expand MS Amlin’s London capacity by 50% in 5 years: report
The Japanese group will invest more into the specialty player and use it as a driver to lead its international growth going forward.
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- February 16 2024
Queensland’s CS Energy sues five insurers for US$195m claims from explosion: report
Insurers, including AIG, Allianz, BHSI, Liberty Mutual and Lloyd's syndicates, were named by a unit of the state-backed power company for failing to pay out claims related to a 2021 explosion, according to an AFR report.
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- February 15 2024
Tower revises full year earnings guidance upwards on strong trading results
The Kiwi insurer expects underlying net profit to be at the upper end or exceed previous target of NZ$22-NZ$27 million.
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- February 15 2024
Dual NZ hires QBE veteran Arlene Oliver as senior underwriter
Oliver was acting Wellington manager and senior underwriter for the Australian insurer prior to this move.
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- February 15 2024
Fubon Insurance shakes off Covid provision, logs record monthly premium in January
The non-life carrier recorded strong growth in commercial fire and engineering insurance in January, which bolstered direct written premium to US$221.9m.
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- February 15 2024
MIC Global partners WRMS to offer parametric flood cover for India’s gig workers
The Lloyd’s player’s micro-insurance product will cover against financial impacts from extreme weather events.
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- February 15 2024
QBE appoints Robert Kosova as Asia CEO
Kosova will relocate to Singapore to assume his new role from April 1, taking over from incumbent Jason Hammond, who will return to Australia.
