News Page 296 / 1049
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- June 27 2023
APAC nat cat economic losses at US$80bn in 2022: Aon
Floods were the costliest peril accounting for about 61% of the total economic loss for the region.
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- June 27 2023
Arch Australia hires Katrina Palmer as senior underwriter
Brisbane-based Palmer is a financial lines specialist and will report to Steven Gaitanis.
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- June 27 2023
Scor appoints Fabrice Bregier as chairman
Bregier succeeds Denis Kessler, who died earlier this month.
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- June 26 2023
Tropical storms in western north Pacific to be above average in 2023: Moody’s RMS
Sea surface temperatures across the region comprising Japan, Taiwan and the Philippines are expected to be near or above average between July and November.
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- June 26 2023
Korean construction insurer KSCFC eyeing overseas expansion to reduce risk: Fitch
The rating agency has assigned the cooperative an insurer rating of 'A' (strong) with a stable outlook, a notch above its standalone credit quality.
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- June 26 2023
360 Underwriting hires IAG senior executive
Sydney-based Natalie Kaczanowski joins the AUB-owned MGA as national underwriting manager.
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- June 26 2023
Asta sounds out syndicates to join Lloyd’s Asia
With Mosaic and Volante launching on the platform in Singapore, international and regional players may follow the lead.
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- June 23 2023
RiskPoint bolsters APAC M&A team with ex-AIG hire
Sydney-based Diana Hu joins as underwriting director and will work with Maria Steeples, the MGA’s regional managing director and head of M&A.
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- June 23 2023
Australian carriers to return US$550m to customers after regulatory crackdown on pricing misconduct
IAG will pay US$300m and RACQ return US$150m after the ASIC intervention found 'systemic failure by insurers to deliver on their pricing promises'.
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- June 23 2023
UOI’s rating affirmed on strong underwriting results and investment portfolio restructure: AM Best
The rating agency has affirmed an insurer rating of A+ (superior) with a stable outlook.
