News Page 57 / 1124
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- June 4 2025
Chubb veteran Bilal Chohan joins Everest Insurance to ‘kick off’ risk engineering practice
Sydney-based Chohan will focus on property, energy, and construction portfolios covering local and international markets.
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- June 4 2025
Adenes Australasia acquires majority stake in New Zealand loss adjuster
Adenes Australasia already counts vrs ANA in Australia, vrs Vering in Europe, and vrs Adjusters globally as part of its brand.
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- June 4 2025
South Korean non-life insurers face capital pressure as liabilities rise: AM Best
Long-term insurance premium growth may face headwinds from macroeconomic uncertainties, while intensified competition could undermine sustainable growth as the market becomes saturated.
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- June 4 2025
McLarens acquires Melbourne-based boutique loss adjuster
Property & Forensic Assessing boosts McLarens’ construction, commercial property, and financial loss capabilities.
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- June 3 2025
India’s non-life premiums could rise to US$38bn in FY26: ICRA
Report also notes private insurers could expand market share to 70% by FY27, up from 68% in FY25.
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- June 3 2025
NSW floods claims top 8,700 as residents face ‘uncertain future’
Over 78% of claims are related to property, according to the Insurance Council of Australia (ICA).
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- June 3 2025
India’s 3 state-owned insurers need close to US$2bn to remain solvent: ICRA
Combined solvency ratios remained weak at negative 0.85 times as of December, compared to the regulatory minimum of 1.50.
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- June 3 2025
RGA closes US$1bn asset intensive reinsurance deal with Dai-ichi Life
The transcaction will be a coinsurance of the Japanese insurer's statutory reserves and the effective date is March 31 this year.
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- June 3 2025
Howden Specialty adds Marsh’s HuiLeng Tan to APAC power, renewables team
She had spent the last 10 and a half years with Marsh.
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- June 3 2025
‘Pivotal moment’ as Allianz Australia’s sale of Hunter Premium Funding is finalised
Allianz had agreed to sell Hunter to Pemba Capital Partners in December.
