News Page 238 / 1315
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- June 25 2025
ICA welcomes emergency services levy reforms, calls for removal of state insurance-based taxes
Insurance Council of Australia was responding to state budgets in New South Wales and Queensland.
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- June 25 2025
Trade credit insurance in high demand amid uncertain times, but pricing anomaly emerges: Coface’s Hugh Burke
Amid a relatively benign claims environment, pricing is still soft, but the APAC CEO says it should increase as 'it's not aligned to the risks we're taking anymore'.
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- June 24 2025
Hong Kong’s Nova announces senior leadership changes as MD Patrick Chan retires
Rebecca Au will take over as managing director, while Conrad Wong and Joseph Lee have been named chief commercial officers.
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- June 24 2025
Aon bolsters natural resources team with director hire
Singapore-based Jocelyn Liu has spent over 17 years in the role of a regional senior underwriter at Starr.
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- June 24 2025
BMS Australia appoints Ardonagh Global Partners’ Georgina Reilly as general counsel
Sydney-based Reilly will report to Australia CEO Andrew Godden.
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- June 24 2025
Allianz Australia names Luke Whenman as chief claims officer
Sydney-based Whenman was previously Suncorp's executive general manager for motor claims.
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- June 24 2025
Sompo names Alasdair Walker Hong Kong CEO as Li Sheung Kin set to retire
Walker will be responsible for driving Hong Kong’s profitability and capabilities as a key commercial business hub in Asia Pacific, reporting into regional insurance CEO Kenneth Reilly.
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- June 24 2025
Allianz’s capital reduction plan stymied Income deal, says MAS
Singapore government struggled to reconcile the proposal with Income's representations when it carried over US$1.5bn in surplus during corporatisation.
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- June 24 2025
Korean insurers to face capitalisation pressure due to falling interest rates, tighter norms: Fitch Ratings
Ongoing volatility in investment returns amid financial market uncertainty could challenge the overall stability of insurers’ profitability, according to the global rating agency.
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- June 24 2025
Warburg Pincus in talks to divest 10% stake in India’s SBI General: report
Private equity firm is in discussions with other shareholders Premji Invest and State Bank of India for a deal that could value the general insurer at US$4.5bn.
