Industry Segments: Financial Lines Page 1 / 9
-
- December 17 2024
APAC finpro rates flat to 10% down in 2024: WTW
Asia Pacific saw 5-10% reductions for D&O and PI covers with crime staying flat and fund managers pricing flat or up to 10% down and cyber fluctuating within 5% in ANZ markets.
-
- December 12 2024
MSIG Asia names Munich Re’s Alexander Liu as vice president for cyber and financial lines
Singapore-based Liu will report to Andrew Taylor, senior VP and head of cyber and financial lines.
-
- December 9 2024
Pricing, deductibles and wordings under pressure in Australian financial lines market
The integration of cyber with financial institutions products hold up the rates because there aren't many markets offering this solution, says IQUW’s Tristram Prior.
-
- November 27 2024
India’s Edme continues team buildout with ex-Coface CEO
Mumbai-based Bhavesh Patel joins the broker as executive director, corporate business of financial and credit specialty.
-
- November 25 2024
Edme Insurance Brokers continues hiring spree with Vishwajeet Kadam appointment
Mumbai-based Kadam joins the firm from Marsh and will take the role of director-financial and credit specialty.
-
- November 14 2024
Edme Insurance Brokers brings on board Nochiketa Dixit as managing director
Mumbai-based Dixit will manage retail, BFSI, IT/ITES, structured credit and affinity for the broker.
-
- November 11 2024
London Australia Underwriting appoints head of new wholesale division
Sydney-based Holly Blower will head the new division, which will complement the MGA's extensive binder business to assist with hard to place opportunities.
-
- November 7 2024
The Hartford makes Singapore foray with Axa XL hire
Zhenghong Pan will join the specialty carrier in Singapore as principal officer & underwriting manager, financial lines.
-
- November 6 2024
Liberty Specialty Markets’ Alison Campbell joins Berkley Insurance Australia as underwriter
In her new role, Brisbane-based Campbell will write general liability and financial lines of business for the carrier.
-
- November 4 2024
IQUW launches in Australia with financial institutions offering
The UK underwriter will offer the product with integrated cyber coverage to private, small-to-mid-market financial services companies.
-
- October 31 2024
Qubit takes Fusion’s Damian Lynch as digital asset insurance CUO
Sydney-based Lynch will reporting to the specialist MGA's CEO Helen Ye and will be responsible for leading the firm's underwriting strategy in the digital asset space.
-
- October 25 2024
Dual Australia promotes Daniel Brown to head financial lines team
Sydney-based Brown was most recently New South Wales manager for the Howden-owned MGA.
-
- October 25 2024
Pacific rates drop 6% in Q3 driven by declines in finpro, cyber and property lines: Marsh
Finpro premiums was down 14%, while cyber cover saw a 11% disclose and property declined 6% as increased competition and capacity weighed on ratings.
-
- October 24 2024
Asia insurance rates drop 4% in Q3 led by finpro and cyber lines: Marsh
Finpro lines have seen decreases up to 30% in some cases as continued lack of activity in the capital markets limited insurers' opportunities for new business, according to the latest Global Insurance Market Index by the broker.
-
- October 24 2024
Asian insurance market faces turbulence amid nat cats, economic shifts: WTW
The Pacific market is experiencing more favourable conditions, with reductions in pricing for various sectors, including construction and liability.
-
- October 21 2024
Material headroom for growth in Asian financial and professional lines: Markel
Despite softening and macro challenges in some markets, areas like Hong Kong, Singapore and India are slightly further afield offering strong opportunities.
-
- October 21 2024
Axa XL grows Australia presence with three senior hires in Perth
It has hired senior underwriters Chris McElroy from BHSI for property, Amanda Rattue from Vero for financial lines Trent Jeuring from Chubb for casualty.
-
- October 10 2024
Newline continues Sydney expansion with Bec Smith hire
Smith will join the Lloyd's coverholder as professional indemnity underwriter, reporting to Australia head of the line Nick Beswick.
-
- October 7 2024
Hartford Asia powers up financial lines underwriting with Melanie Ho hire
Based in Hong Kong, Ho joined from Chubb where she began her insurance career in 2021 as an assistant underwriter.
-
- September 26 2024
Lockton names new Singapore CEO as Frederic Boles steps up to a regional role
Deven Lim has been promoted to chief executive effective October 1 as the Boles will transition into the role of regional head of professional and financial risks and credit for Asia.
