News Page 280 / 1048
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- August 9 2023
PSC snaps up specialty MGA Ensurance for US$16.5m
The ASX-listed firm specialises in professional and financial lines with offices in Sydney, Melbourne, Adelaide and Perth.
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- August 9 2023
Suncorp’s Australia COR improves to 91.3%, deteriorates to 97% in New Zealand
Suncorp misses FY 2023 cat allowance by A$97m after NZ division saw 53% increase in claims; ups allowance to A$1.36bn for FY 2024.
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- August 9 2023
Fusion promotes Sabrina Chia to partner, underwriting & head of distribution APAC
Singapore-based Chia joined the specialty managing general agent in 2021.
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- August 9 2023
Will Field to rejoin Chubb as Asia head of casualty
Based in Singapore and starting in 2024, Field, most recently with Everest Insurance, will report to Chris Gough, head of P&C, Asia.
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- August 9 2023
China’s regulator urges insurers to settle claims from recent floods faster: report
Data from the National Administration of Financial Regulation shows 189,100 claims with damage related to property, vehicles and agriculture.
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- August 9 2023
MGA Delta Insurance hires D&O specialist
Glenn Dawson is based in Auckland and will assume the role of senior underwriter and D&O product manager.
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- August 8 2023
P&I player Hydor acquires EF Marine to create specialist MGA
The combined companies will control US$40m of GWP and operate from Singapore, Hong Kong, Shanghai, Oslo, Hamburg and Rotterdam.
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- August 8 2023
Tokio Marine sets up ‘special committee’ in response to price-fixing allegations
External lawyers to examine TMNF after Japan's four largest non-life players were accused of price-fixing, as media report says the Japan Fair Trade Commission has launched an investigation.
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- August 8 2023
Australian loss adjuster ANA sells stake to vrs Vering
ANA Chartered Loss Adjusters will be rebranded as vrs ANA with managing director Jaye Kumar to oversee the newly established vrs Asia Pacific.
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- August 8 2023
Aon appoints Jamie Wan as director, transaction solutions, Asia
Singapore-based Wan reports to Xianwei Lee, head of transaction solutions, Asia.
