News Page 601 / 1350
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- June 15 2023
TA Associates explores Honan exit at US$300-400m valuation: report
The private equity firm took an undisclosed stake in the acquisitive Australian P&C broker in 2020.
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- June 15 2023
IAG hikes rates substantially in New Zealand and Australia
The carrier said price rises of up to 30% were a result of unprecedented nat cats, claims' inflation and reinsurance costs.
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- June 15 2023
McLarens-owned Australia and NZ specialist adjuster rebrands
GKA Investigations Group, which provides fire forensics and forensic engineering services, has become Halliwell as an extension of the US operations.
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- June 14 2023
Zurich eyes US$400m stake in India’s Kotak General Insurance: report
The Swiss insurer has expressed interest in a 49% or 51% stake in the Kotak Mahindra Bank-owned general insurer, according to Reuters.
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- June 14 2023
‘Very severe’ Cyclone Biparjoy to hit India, Pakistan
The powerful storm is intensifying and has triggered large-scale evacuations and shuttered oil and container ports.
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- June 14 2023
Aviation: “Whilst the underlying safety of the aviation industry has improved markedly over the last 20 or so years, it is the annual cost of the attritional claims that is now the predominant focus.”
The global aviation industry is returning to pre-pandemic levels of activity and older aircraft are being swapped for newer more fuel-efficient planes.
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- June 14 2023
IRDAI caps SBI group’s total stake in ICICI Lombard at 10%
The state-owned financial services group, which owns SBI General Insurance, has a 4.62% interest in the ICICI-owned general insurer through its mutual fund arm.
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- June 14 2023
Ardonagh-backed Envest targets Asia, NZ and more Australia M&A
'We will look to expand into Hong Kong or Singapore or both in the next couple of years,' CEO Greg Mullins tells IAN.
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- June 14 2023
Zurich Australia appoints Matt Paterson as chief claims officer
Sydney-based Paterson reports to CEO Justin Delaney and oversees claims functions across GI and life businesses, including New Zealand.
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- June 14 2023
Vero promotes Kate Turner to executive manager
Brisbane-based Turner joined Vero in 2009 as a senior underwriter for motor and was most recently (acting) executive manager.
