News Page 376 / 1050
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- November 1 2022
APAC commercial rates moderate as cyber pricing shoots up: Marsh
Pricing in the Pacific climbed 5% in Q3, down from 7% in Q2, while Asia was up 2%, down from 3%.
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- October 31 2022
Lockton acquires Perth-based specialty broker
Zenith Insurance Services specialises in aged care, disability, aboriginal medical health and community service organisations.
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- October 31 2022
BOCG Insurance boosted its underwriting result in 2021
AM Best expects the company to continue leveraging the branch network of its banking parent.
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- October 31 2022
Labuan Re improves underwriting performance, will benefit from hard market: AM Best
Management’s remedial actions have helped, while the reinsurer can expect moderate premium growth.
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- October 31 2022
Tropical Storm Nalgae wreaks havoc in the Philippines
Multiple buildings, crops, bridges and roads destroyed as storm continues in the South China Sea.
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- October 31 2022
New South Wales government announces US$513m flood package
Since 2019 insurers have received more than 577,000 claims related to declared flood events to the value of $5.64bn.
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- October 31 2022
Australian insurance regulator names new chair
APRA has elevated John Lonsdale to chair and appointed Margaret Cole as deputy.
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- October 28 2022
AGCS’ Nick Wood steps up to lead APAC property
The deputy APAC property head is replacing Victorio Villar who is leaving the firm at the end of the year to pursue “other interests”.
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- October 28 2022
IRDAI permits FRBs, Lloyd’s India to repatriate excess capital
Foreign reinsurers can withdraw up to 20% of assigned capital once a year, according to the circular.
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- October 28 2022
Brokerslink adds Uncharted as tech affiliate
The Singapore firm provides brokers, MGAs and insurers access to a cloud-based digital platform.
