News Page 283 / 1058
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- August 25 2023
New Zealand announces US$524m for Auckland post-flood rebuild
The government will contribute up to US$229m or around 50% of the agreed buyout value less insurance payments for houses deemed unlivable.
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- August 24 2023
Seoul Guarantee Insurance passes Korea Stock Exchange IPO screening
The initial public offering, the first by a Korean state-owned company in 13 years, is expected to be completed by the end of October this year.
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- August 24 2023
Claims’ payouts from Japan’s July floods hit US$164m: GIAJ
Record rain hit several prefectures including on Kyushu, Japan's third largest island, resulting in over 25,000 claims for damage to vehicles and property.
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- August 24 2023
McLarens prepares for larger Asia losses
The global adjuster is focusing on adjacency services, technical expertise, regional expansion, technology and developing local talent as it reaches a 50-year milestone in the region.
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- August 24 2023
PSC Insurance founder Paul Dwyer to become chairman as Brian Austin takes on Asia role
Austin will remain on the board as deputy chairman and become chair of the broker’s Asian businesses as profits start to flow in Hong Kong.
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- August 23 2023
Miller promotes Nigel Cross to Asia fac head, hands Matthew Hooker expanded role
Hooker will head client strategy in the region, while Cross, who steps down as head of Singapore, will assume an additional role leading the broker's regional underwriting market engagement.
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- August 23 2023
Sompo International snaps up Allianz’s Alasdair Walker to head APAC distribution
Walker will continue to be based in Singapore and report to Paul O’Neill, president of commercial lines, insurance, Asia Pacific.
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- August 23 2023
Chinese insurers paid US$625m in claims from Typhoon Doksuri, floods: report
The 16 rain-hit provinces reported 269,300 insurance claims from the three days of rains that hit parts of the country including Beijing and Hebei.
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- August 23 2023
WTW appoints Adrian Chua as regional managing director for captives
Singapore-based Chua joins from Cigna Singapore, where he was the chief strategy officer.
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- August 23 2023
PSC Insurance’s 2023 net profits up 23% to US$50m
The ASX-listed broker's Australia and New Zealand distribution business placed US$740m in GWP.
