News Page 524 / 1279
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- July 4 2023
Suncorp drops aggregate cover, increases retentions and pays more at 1.7 renewals
The combined cost of the FY 2024 catastrophe reinsurance premiums and the natural hazard allowance is expected to increase by approximately A$250m or 12% from FY 2023.
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- July 4 2023
Markel takes Swiss Re’s Kevin Leung as Asia Pacific CUO
Leung will lead the regional underwriting strategy from Singapore, reporting to Christian Stobbs, the syndicate's APAC managing director.
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- July 4 2023
Tower continues Pacific restructuring with sale of Solomon Islands unit
Trans Pacific Assurance, which acquired the business, will retain the Kiwi carrier's staff and aims to complete the deal in 2023.
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- July 4 2023
Guy Carpenter rejigs South-East Asia and Korea leadership
Bengt Johnsen is promoted to chairman, while Les Loh takes over as CEO.
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- July 4 2023
Talanx-backed Roojai buys bolttech’s Thai non-life carrier
With the acquisition of FWD General Insurance, the Thailand-based insurtech becomes a full-stack player.
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- July 4 2023
RACQ joins Australian cyclone reinsurance pool
The carrier's statement said that while it supported the pool, its design and implementation of the current model will only deliver marginal benefits to members living in the north.
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- July 4 2023
Vrs Adjusters ropes in James Ong to launch APAC hub in Singapore
The global loss adjuster's new office will serve clients in the Lion City as well as support its 13 network partners across the region.
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- July 3 2023
New capital, moderated demand lead to orderly 1.7 renewals: Gallagher Re
There were significant year-on-year rate increases and reinsurers sought to bring terms and conditions in line 1.1 and 1.4 renewals.
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- July 3 2023
WTW hires from Aon for regional head of large accounts
Singapore-based Alan Duffy will also take charge as the broker’s head of Brunei.
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- July 3 2023
Generali promotes Blake Sowerby to head of special projects, finance – international
Hong Kong-based Sowerby will lead finance projects across Asia, Central and Eastern Europe, Mediterranean and Latin America for the Italian insurer.
