News Page 327 / 1075
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- June 14 2023
Aviation: “Whilst the underlying safety of the aviation industry has improved markedly over the last 20 or so years, it is the annual cost of the attritional claims that is now the predominant focus.”
The global aviation industry is returning to pre-pandemic levels of activity and older aircraft are being swapped for newer more fuel-efficient planes.
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- June 14 2023
IRDAI caps SBI group’s total stake in ICICI Lombard at 10%
The state-owned financial services group, which owns SBI General Insurance, has a 4.62% interest in the ICICI-owned general insurer through its mutual fund arm.
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- June 14 2023
Ardonagh-backed Envest targets Asia, NZ and more Australia M&A
'We will look to expand into Hong Kong or Singapore or both in the next couple of years,' CEO Greg Mullins tells IAN.
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- June 14 2023
Zurich Australia appoints Matt Paterson as chief claims officer
Sydney-based Paterson reports to CEO Justin Delaney and oversees claims functions across GI and life businesses, including New Zealand.
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- June 14 2023
Vero promotes Kate Turner to executive manager
Brisbane-based Turner joined Vero in 2009 as a senior underwriter for motor and was most recently (acting) executive manager.
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- June 13 2023
India’s central bank opens up bill discounting platform to insurers
Trade credit insurers can now provide cover to financiers on the Reserve Bank of India-run factoring platform, TReDS.
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- June 13 2023
Seoul Guarantee Insurance to file for IPO this month: report
The state-owned carrier, which is expanding overseas with reinsurance tie-ups with Allianz Trade and Coface, is eyeing a listing later this year as its biggest shareholder plans to exit.
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- June 12 2023
China hailstorm losses reach US$28m: report
Extreme weather events continue in the country with cumulative rainfall in the southern city of Beihai city reaching a record-breaking level.
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- June 12 2023
Aioi Nissay Dowa Insurance’s COR to stay in mid-90s: AM Best
AM Best has affirmed the insurer rating of A+ (superior) to ADI along with an A- (excellent) to its Chinese affiliate.
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- June 12 2023
Mitsui Sumitomo’s ratings affirmed by AM Best as overseas operations see recovery
The agency confirms A+ (superior) rating for MSI and its affiliates as it is expected to maintain strong underwriting performance over the intermediate term
