News Page 253 / 1197
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- September 24 2024
Australian Federal Court rules to declass four BI class actions against insurers
The ruling is regarding representative proceedings regarding Covid-19 business interruptions claims against IAG, QBE, Lloyd's syndicate 2003 and Hollard.
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- September 24 2024
Howden Pacific builds out construction practice with Alistair McBride hire
Melbourne-based McBride, who will head the broker's regional business, has been in the construction sector since 2013, having various roles in underwriting and broking across the New Zealand, London, US, and Canada markets.
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- September 23 2024
Allianz Commercial India hires Shweta Gadia to boost financial lines and cyber offering
Mumbai-based Shweta will report directly to the India CEO CB Murali with matrix reporting to Jenny Wilhelm, Asia head of financial lines, cyber and distribution for the carrier.
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- September 23 2024
Korea’s Wise Insurance appoints Yubeom Kim as reinsurance team director
Before joining Wise, Seoul-based Kim worked at HIS Insurance for over seven years where he was most recently director.
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- September 23 2024
India’s Equirus Group acquires strategic stake in Raghnall Insurance Broking
Following the deal, the companies expect to place GWP of US$47.9m this year and US$119.7m by FY 2028.
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- September 23 2024
Swiss Re CorSo elevates Devpriya Misra to APAC and global client solutions lead
Singapore-based Misra, who has been with Swiss Re CorSo for almost nine years, was most recently regional head customer management APAC for the firm.
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- September 23 2024
Aon promotes Jon Pipe to Asia head of commercial risk
Pipe, who has been CEO and principal officer of Aon India Insurance Brokers, will continue to work alongside Rishi Mehra and the India leadership team to ensure consistency and continuity.
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- September 23 2024
Tower raises cat reinsurance excess for first two events to US$11.7m
An excess for a third event remained unchanged at US$12.5m, while the Kiwi P&C player has increased its upper cat limit to US$500m from US$468m for FY2025.
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- September 23 2024
Starr’s Rachel Miao joins Aon as Asia director, marine, cargo & logistics
For her new role, Miao, who was most recently head of marine for China at Starr Insurance, will relocate to Hong Kong from Shanghai.
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- September 23 2024
Japan’s flooding and landslides cause power cuts, casualties in quake-hit Noto Peninsula
More than 100,000 people have been ordered to be evacuated in Ishikawa and Kumamoto prefectures with 6,000 households left without power Japan and train services suspended as Japan Meteorological Agency issued its highest "life-threatening" alert level following torrential rains in the region.
