News Page 331 / 1075
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- June 1 2023
New Zealand EQC completes US$135m cat bond offering
The Singapore-domiciled ILS helps the earthquake commission raise its reinsurance tower to a record US$5bn.
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- June 1 2023
Sedgwick elevates Amanda Hillier to forensic accounting partner in Australia
Hillier has been responsible for operational quality in this division since 2011.
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- June 1 2023
Pop Holdings hires Sergei Korol as chief operations and finance officer
Singapore-based Korol will be in charge of building up the specialty insurance group, including MGA Fusion and tech arm io.insure.
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- June 1 2023
New Zealand to buy 700 homes unfit for rebuilding after severe storms
The policy will cost around US$600m with details to be worked out with insurers. NZ will also co-fund the protection of 10,000 other properties.
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- June 1 2023
Opinion: Florida’s return to orderly renewals a welcome sign for APAC
Prospects of 30-40% rate hikes tempt reinsurers back to a normalised attitude towards the assumption of nat cat risk as 1.6 draws to a close.
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- June 1 2023
Typhoon Mawar threatens Japan after slamming Guam
The storm, which is skirting the Philippines and Taiwan and heading to the Okinawa Islands, is one of the most powerful on record for May.
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- May 31 2023
Hong Kong P&C underwriting profit tumbles 52% in Q1 2023: HKIA
General insurance gross premiums grew 7% year-on-year driven by a 12.7% growth in reinsurance business.
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- May 31 2023
Steadfast’s CHU to join Australia cyclone pool
Strata books of the MGA and Flex Insurance as well as its build-to-rent portfolios will enter the ARPC reinsurance pool from July 29.
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- May 31 2023
AIG exits Pakistan, sells business to TPL Insurance
The scheme of arrangement has a December 31 deadline for transaction completion.
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- May 31 2023
Gallagher Re recruits from Guy Carpenter for China, Hong Kong CEO
Jia Lou (pictured) joins in June from the rival broker in Hong Kong, while Alex Xia joins from Munich Re to lead Gallagher Re's Beijing branch.
