News Page 380 / 1278
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- June 25 2024
China Re-owned Chaucer hires Hayley Spink as group chief operating officer
London-based Spink, who joins from Apollo Syndicate 1969, has in the past worked in Shanghai helping set up Lloyd’s China.
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- June 25 2024
Vero Insurance ropes in Nathan Mendez as senior underwriter for property lines
Sydney-based Mendez, who joins from AIG, will be responsible for New South Wales and Australian Capital Territory markets.
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- June 25 2024
Arch Insurance Australia hires Amanda Seng as property underwriting manager
Seng will focus on managing the underwriting activities across Arch Insurance’s Southern region property portfolio.
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- June 25 2024
India to exempt reinsurance, co-insurance from GST: report
With the removal of the 18% tax, past cases where demand notices have been issued will be regularised on an “as is where is’ basis.
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- June 24 2024
QBE hires Marsh veteran Julie Minor as global distribution head
Before joining the insurer, Minor was a managing director at Marsh and has over 20 years of experience in senior management roles.
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- June 24 2024
Lotte Insurance final bids due June 28, Woori remains in the race
The sale by PE owner JKL Partners, managed by JP Morgan, is targeting US$1.45bn price tag for the carrier.
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- June 24 2024
ICA welcomes building ministers’ commitment to climate resilience
Decision to include building resilience as part of Australian Building Codes Board's objectives paves the way for stronger new homes that can withstand disasters and could help save US$2.7 billion building costs per year.
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- June 24 2024
Insurance claims from southern China torrential rain and floods hit US$85m: NFRA
Insurers have received 18,400 claims so far and the meteorological bureau is expecting persistent rain after upgrading the rainstorm alert to red, the highest of the four-colour ranking system.
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- June 24 2024
Income Insurance on S&P CreditWatch negative on potential government support dilution
The CreditWatch followed news that the Singapore government-backed insurer is in talks with Allianz for a stake sale.
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- June 24 2024
Steadfast promotes Nick Cook and hires Swiss Re veteran Mark Senkevics
The senior management rejig at the Australian broker gives Cook a broader role across Australasian networks, broker and insurer services, as it brings in Senkevics to oversee MGAs, reinsurance and life. It also names new heads of operations and IT.
