News Page 235 / 1071
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- February 5 2024
ICA proposes waiving US$3.9bn state taxes to tame Australia’s flood risks
Chief executive Andrew Hall suggested abolishing insurance annual state taxes, which stand as the second-largest component of home premiums after pricing of flood risk.
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- February 5 2024
WTW launches parametric protection for South Pacific coral reefs
Fiji’s island communities will be eligible for payouts of up to US$450,000 for reef restoration and community assistance if cyclones hit.
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- February 5 2024
Malaysian Re’s ‘business remodelling’ to bring product and distribution diversification: AM Best
The rating agency has reaffirmed the reinsurer's A- (excellent) with a stable outlook.
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- February 5 2024
Aon ‘doubling down’ on India with treaty team build out
George Attard, APAC head of reinsurance, and India CEO Jon Pipe outline the broker's ambitious plans for the region's fastest-growing insurance market in an exclusive chat with IAN.
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- February 5 2024
Taiwan non-life sector returns to profitability in 2023
Pre-tax profit for the non-life sector totalled US$557m as the drag from Covid-19 related losses eased.
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- February 5 2024
Steadfast-backed broker Collective merges with strata specialist Body Corporate Brokers
The combined business will employ more than 120 people in Australia with a network of more than 200 strata manager-authorised representatives, and provide insurance placement and claims services for 30,000 strata schemes.
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- February 2 2024
Perils raises Auckland floods insured loss estimate to NZ$2.2bn
Nearly 70% of the property loss was from personal lines, according to the loss aggregator's final tally, which is 12% higher than its August 2023 estimate.
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- February 2 2024
Crawford promotes Graham Peters to head of class actions, national executive adjuster in Australia
Melbourne-based Peters was most recently head of Crawford forensic accounting services.
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- February 2 2024
Cover-More appoints Justin Sebire as interim group CEO
Sebire will replace Cara Morton, who has relocated to Switzerland to pursue her new role as CEO of Zurich Global Ventures.
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- February 1 2024
Sunshine P&C Insurance to sustain underwriting profits, stable outlook: Fitch
The P&C arm of listed Sunshine Insurance Group should be able to sustain profits in the near-term due to tighter risk selection and reduced guarantee business.
