News Page 556 / 1252
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- January 11 2023
QBE appoints Julie Wood as group head for distribution
Wood, who comes from Marsh, will also join the Australian insurer’s group executive committee.
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- January 10 2023
Claims rise as Western Australia rebuilds after ‘worst flooding in history’
Nine emergency flood warnings are in place for South Australia as rainfall continues from Cyclone Ellie.
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- January 10 2023
Reliance General Insurance’s fundraise to be delayed as parent restarts sale process
Lenders of Reliance Capital voted unanimously to hold a second e-auction for an outright sale after a dispute over the original winning bid.
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- January 10 2023
New Zealand Cyclone Hale likely be a ‘one-in-20-year’ weather event
The extratropical cyclone has hit Northland and Auckland with about a month's worth of rain over the past 24 hours.
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- January 10 2023
Beazley issues first cyber cat bond
The bond is worth US$45m and will indemnify against all perils in excess of a US$300m event.
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- January 9 2023
Six tech trends shaping the market in 2023
From the metaverse to AI and APIs, there is a significant amount of innovation.
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- January 9 2023
Lloyd’s Asia hires Allianz’s Janus Cheung for market development
Singapore-based Cheung will report to the regional chief executive and will be responsible for growing distribution.
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- January 9 2023
IAG increases maximum first event retention by 75% at 1.1 2023 renewal
IAG cited inflation and market conditions behind the decision. It also renewed quota share deals with Munich Re and Swiss Re.
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- January 9 2023
Malaysian Re’s India, MENA performance help mitigate 2021 domestic flood hit
AM Best has affirmed the Asean reinsurer's rating of A- (Excellent) with a stable outlook.
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- January 9 2023
Hong Leong Insurance to improve underwriting to pre-Covid levels: AM Best
The Hong Kong insurer's combined ratio is significantly better than the industry average.
