News Page 670 / 1091
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- March 24 2020
Lloyd’s Australia closes Sydney office amid Covid-19 outbreak
The move follows similar action in London as a result of the pandemic.
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- March 23 2020
CPIC’s profits climb 54% for 2019, warns on 2020 outlook
A strong rise in investment income bolstered earnings but Covid-19 will see growth stall.
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- March 23 2020
Hong Kong moves closer to ILS hub with government bill
New regulations move the SAR in line with other countries.
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- March 23 2020
Sompo International promotes Christopher Donelan to Re CEO
Donelan replaces Stephen Young who has resigned after 17 years.
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- March 20 2020
Thai Life seeks US$700m IPO: report
The Covid-19 outbreak and gloomy market sentiment could hinder the plans.
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- March 20 2020
Australia’s summer loss bill surpasses US$2bn
Recent flooding has compounded bushfires and hailstorms with Covid-19 to add more claims.
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- March 19 2020
Prudential seals US$753m TMB bancassurance deal
FWD will leave its agreement on April 1 after a period of heavy expansion in Thailand.
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- March 19 2020
Lloyd’s shutters underwriting room in London
The move follows UK government advice.
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- March 19 2020
Firms urged to “move on” with IFRS 17 despite delay
KPMG's Erik Bleekrode predicts the next few years will "get even harder" after IASB acts.
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- March 19 2020
New Zealand’s SkyCity secures US$50m fire payout
Money expected to arrive over April with Chubb understood to be the lead insurer.
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