News Page 467 / 1175
-
- February 20 2023
Lockton hires from Aon to build Australia, NZ and Pacific affinity SME unit
Tanya Dasgupta, who has almost 20 years of sector experience, has joined Lockton as national manager – affinity schemes.
-
- February 20 2023
Jansen Sulaeman returns to WTW for Asia fac build out
As head of business development, Singapore-based Sulaeman will help drive facultative reinsurance growth in the region.
-
- February 17 2023
Allianz’s Asia P&C net earned premium grows 30%, COR up at 98.1%
Group COR increased to 94.2% primarily due to higher attritional losses related to normalisation of claims frequency and claims inflation.
-
- February 17 2023
Swiss Re’s P&C Re COR slips to 102.4%, group sees 67% profit fall to US$472m
In FY 2022, the Swiss global carrier was hit by high inflation and large nat cats, including floods in Australia, but saw strong 1.1 2023 renewals.
-
- February 17 2023
QBE 2022 COR improves to 93.7%; reinsurance expenses climb 34%
The global carrier's underwriting profit was up 34% to US$933m, while its GWP grew to US$20bn.
-
- February 17 2023
Tower ups large event allowance by 33%, expects Gabrielle to trigger reinsurance
The storm is the second event in weeks set to breach the insurer's cat excess of US$7.4m leading to Tower to downgrade its profit guidance.
-
- February 17 2023
Enstar signs US$1.9bn LPT deal with QBE
The loss portfolio transfer includes international and North America financial lines.
-
- February 17 2023
AUB upgrades profit guidance as Tysers performs ‘ahead of expectations’
The broker expects US$32.3m of profit for H1 2023, which is 8.5% above the mid-point of the guidance.
-
- February 16 2023
Fubon Insurance Vietnam under review with negative implications: AM Best
The Taiwanese parent was downgraded on February 3 and put on ratings watch for negative implications
-
- February 16 2023
Insured losses from Cyclone Gabrielle, Auckland floods to exceed 2022 nat cat total: ICNZ
IAG New Zealand has already received 2,300 claims connected with the cyclone, mainly from Auckland, Northland, Waikato and the Bay of Plenty.
