News Page 456 / 1317
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- April 5 2024
Allianz Partners becomes first foreign reinsurer to set up in India’s Gift City
The reinsurance branch in the special economic zone will focus on the non-life sector catering to B2B, reinsurance, travel, mobile devices and digital risk sectors.
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- April 5 2024
IAG forks out US$24m in compensation for underpaid staff
IAG, which self-reported non-compliance issues to the regulator in December 2020, also signed an enforceable undertaking with the Fair Work Ombudsman.
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- April 5 2024
HSBC elevates Ed Moncreiffe to CEO of global insurance
Daisy Tsang, chief distribution and customer officer, will be the interim CEO for HSBC Life Hong Kong until a permanent replacement is announced.
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- April 5 2024
Tune Protect Group CEO Rohit Nambiar steps down
Nambiar, who has been the CEO of the Malaysian insurer for more than three years, will remain in office till May 10.
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- April 5 2024
Analytics: Australian GI brokers see 22% growth in 2023
The GWP placed by the country's brokers with Lloyd’s underwriters in 2023 more than doubled to US$5.75bn, APRA data for last year shows.
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- April 4 2024
Australia’s east coast prepares for floods as major rain event sets in
The BOM has issued flood watches for Queensland and New South Wales, with rainfall of up to 200mm likely by the weekend.
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- April 4 2024
Canopius takes AIG’s Soon Keen Lee as Asia Pacific CEO
Singapore-based Lee takes over from long-time CEO Mark Newman, who recently moved to London as UK CEO, and will start at Lloyd's (re)insurer by the end of Q2.
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- April 4 2024
Howden Tiger to rebrand as Howden Re from April
The change follows group's rebrand in October last year, which united its broking operations under one name.
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- April 4 2024
Suncorp exits New Zealand life arm for US$244m to focus on P&C business
Resolution Life will acquire the Australian insurer-owned Asteron Life and the deal is expected to be completed in nine months.
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- April 4 2024
India freezes state-owned insurers’ senior executive hires till election ends: report
India elections, slated to on April 26, will stall several appointments including those by the regulator IRDAI, and state-owned GIC Re, according to a local news report.
