News Page 730 / 1122
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- November 27 2019
Axis pegs Hagibis losses at US$90m to US$110m
The specialist player has around 1% of the market costs of the storm.
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- November 27 2019
IAG’s Phuong Ly to join QBE as chief underwriting officer
Ly is set to join the QBE team in February 2020.
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- November 27 2019
Munich Re promotes Nicolas Carro to Australasia L&H CEO
The reinsurer's Australasia CFO will take up the role in the new year.
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- November 26 2019
Chubb signs off 15.3% further stake purchase of Huatai
The US insurer bought the stake, along with another 7.1% to come later, for a reported US$1.53bn.
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- November 26 2019
Philippines secures two Singapore-listed cat bonds
They will cover US$75m from quake losses and US$150m from tropical cyclones.
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- November 26 2019
Nat cat reinsurance market to reach US$40bn: Swiss Re
The global player is bullish on premium growth despite recent large scale disasters.
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- November 26 2019
Tower in US$45m dispute with Earthquake Commission
The New Zealand P&C player has a disagreement over the allocation of property damage.
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- November 25 2019
Indonesia unveils US$770m nat cat protection programme
The government has struck a deal with 56 re/insurers in a move to privatise catastrophe risk.
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- November 25 2019
Australia releases aid as bushfire claims hit US$100m
A community recovery package includes grants for SMEs and farmers.
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- November 25 2019
ANZ and Westpac are latest bank majors to be hit with CCI lawsuits
Class action suits follow NAB’s settlement of US$33.7m over junk insurance policies.
