News Page 633 / 1318
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- November 30 2022
AM Best sees decline in available reinsurance capital by year-end, outlook remains stable
Pricing is likely to further harden by end of the year and it could impact 2023 renewals, the rating agency said.
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- November 30 2022
Zurich remains ‘open to India opportunities’ as it drops out of Reliance bid
The Swiss carrier had reportedly bid US$465m for the general insurance arm of Reliance Capital in the previous round.
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- November 30 2022
Australia floods: insurers settle US$2.37bn in 2022 claims
About 69% of the 237,000 claims raise this year have been settled to date, according to data from the Insurance Council of Australia.
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- November 30 2022
SMBC Aviation starts litigation against 11 insurers over jets in Russia
The Japanese lessor, which had recognised a US$1.6bn impairment this year, has filed a suit in the Irish High Court seeking claims for its 34 planes.
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- November 30 2022
Aon shakes up APAC reinsurance leadership
Robert De Souza to take charge as regional president, Reinsurance Solutions and John Carroll to succeed him as Australia and New Zealand CEO.
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- November 30 2022
Steadfast-owned Insurance Brands Australia snaps up Victoria broker
The Mattiske & Henderson acquisition is the broker's second deal in two weeks following its Aus Insurance buy earlier this month.
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- November 30 2022
Zurich relocates UK exec as Australia property and marine head
Evan Moore will start in the newly created Sydney-based role in February.
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- November 29 2022
QBE’s underwriting profitability likely to moderate: Fitch Ratings
The Australian giant improved its combined ratio to 82% in H1 2022, but inflation and reinsurance costs are increasing.
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- November 29 2022
Tracking Asia’s volatile marine market
Why rates and claims are on the increase and how brokers and underwriters can respond.
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- November 29 2022
Insurtech Igloo eyes M&A as it raises US$27m in Series B extension
The Singapore-based firm recently launched a parametric Weather Index insurance product in Vietnam.
