News Page 242 / 999
-
- July 10 2023
Lloyd’s syndicate Probitas 1492 to cease insuring Adani’s Australian mine
Once the existing policies expire in the next quarter, the carrier will not provide insurance support in the future for any ancillary or associated activities.
-
- July 10 2023
Opinion: Australia’s cyclone pool helps ease pressure on cat limits
ACRP is set to assume more than 90% of the market’s cyclone exposure for household, strata and small business property policies.
-
- July 10 2023
Hanwha’s ratings affirmed as capital pressures ease due to IFRS 17 and KI-ICS: AM Best
The negative impact of Carrot on the carrier's consolidated results will decrease gradually as the digital insurer continues to build economies of scale.
-
- July 7 2023
Generali acquires US asset manager Conning from Cathay Life
The Taiwanese insurer will hold a 16.75% stake in the Italian carrier's asset management business after the deal.
-
- July 7 2023
Indian non-life premiums grew 16.5% for H1 2023
General insurers wrote premiums worth US$7bn till June this year as against US$5.91bn in the same period last year.
-
- July 7 2023
IAG reduces aggregate cover and increases retentions in July 1 renewals
The Sydney-based insurer purchased aggregate, third and fourth event reinsurance covers for FY 2024.
-
- July 7 2023
Hannover Re and IAG renew 2.5% quota share
The new arrangement is effective from July 1, 2023, and has a term of five years.
-
- July 6 2023
NZIA does away with emission targets for insurers
The UN said the protocol would now be "a voluntary best practice guide" for helping build and compare decarbonisation targets.
-
- July 6 2023
Hong Kong passes insurance amendment bill to implement RBC regime
Insurance Authority will begin drafting detailed guidelines and requirements for the new regime, which is targeted for implementation in 2024.
-
- July 6 2023
Cyclone Seroja damages at US$270m for Western Australia: ICA
With more than 10,000 claims from the 2021 event, the closing rate is 95.9%.
