News Page 335 / 1049
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- March 8 2023
Swiss Re secures US$700m alternative capital from JP Morgan
The stop-loss protection will run across the financial years 2023 to 2027 covering severe underwriting losses.
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- March 7 2023
WTW appoints Tony Calnon head of complex claims for Australasia
Calnon joins the broker from loss adjuster Crawford, where he was a forensic accountant.
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- March 7 2023
Analytics: Underwriting gains spur Australian carriers stung by investment losses
Rate increases helped non-life underwriting profit grow 69.4% in 2022 despite higher claims.
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- March 6 2023
Queensland starts CTP review as it warns carriers may exit low-profit scheme
The regulatory review is focused on improving the sustainability of the scheme and will not change premium-setting processes and compensation benefits.
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- March 6 2023
UOI appoints Andrew Lim chief executive, founders retire
Wee Cho Yaw and Hwang Soo Jin, who were the founders of the Singaporean carrier, will retire as directors on April 14, 2023.
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- March 6 2023
Auckland flood claims cross NZ$1bn: ICNZ
Insurers have received 48,000 claims from the North Island floods, while Cyclone Gabrielle claims lodged have reached 30,000.
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- March 6 2023
Charles Taylor boosts Australia team with eight hires
The property and liability teams each will take on board three new members in Melbourne, Sydney, Perth and Townsville.
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- March 6 2023
MI Insurance Brokers names Tiffany Lung MD
In a senior management rejig, Kelvin Wong, former chief executive and responsible officer at the broker, has been made an executive director.
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- March 6 2023
Tower places reinsurance reinstatement cover
Tower said it now maintains sufficient protection for two additional catastrophe events in FY 2023 following the Auckland flooding and Cyclone Gabrielle.
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- March 3 2023
Swiss Re, Aon team up for parametric earthquake cover for Nepal hydropower project
This is the first time that the IFC and other developmental agencies have agreed to finance a construction project backed by parametric insurance.
