Industry Segments: Financial Lines Page 3 / 9
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- July 25 2024
PSC Insurance acquires specialist broking group Sherpa Insurance
With US$3.9bn in sales, Sherpa Insurance has joined PSC as part of its Sydney branch following the acquisition.
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- July 25 2024
Price Forbes expands Singapore financial lines team with Gallagher hire
Antonio Calder-Smith will relocate to Singapore from London and work to develop the broker's financial lines presence throughout the Asia Pacific region.
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- July 24 2024
Asia insurance rates decline 3% in Q2 led by finpro and cyber lines: Marsh
Rates drop for the second-straight quarter and widened from the 2% drop recorded in the first quarter. Led by D&O, finpro lines had the highest decline at 9%, while cyber rates declined by 6%.
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- July 24 2024
Pacific insurance rates decline 5% led by finpro, cyber and property lines: Marsh
Casualty was the only line that saw a slight increase with the rates going 1% up, however, the lowest in many years, as capacity and competition increased from new and existing markets.
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- July 23 2024
WTW promotes Steven Torresan to APAC head of M&A practice
Sydney-based Torresan will work closely with Guy Miller and Andrew Stubbings, who will assume joint responsibility to co-head the M&A Australasia business in WTW’s financial & executive risks team.
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- July 12 2024
Berkley Insurance Asia promotes Hank Yeo to financial lines senior underwriter
Singapore-based Yeo has been with the insurer since 2020, focusing on directors and officers liability, professional liability, and investment management insurance.
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- July 8 2024
Australian MGA Artisan Underwriting partners with Liberty Specialty Markets on finpro cover
The MGA, set to launch in August, has signed a three-year binding agreement with the specialty insurer to provide financial lines cover for start-ups and SMEs.
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- July 3 2024
Newline Asia hires Markel Simon Moi as chief underwriting officer
Before joining Newline, Moi was head of professional and financial risks for Asia at Markel for 14 years.
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- June 20 2024
Gallagher’s Pen Underwriting promotes Louise Soutter to professional risks manager in Australia
Brisbane-based Soutter was most recently a senior underwriter focused on cyber and excess professional indemnity for the MGA.
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- June 17 2024
Cyber premium pool to outstrip other financial lines, says MSIG’s Andrew Taylor
Demand for cyber cover is rising in the region as AI is being exploited by criminals to launch more sophisticated attacks, while D&O, PI continue to face pricing pressure, says the regional head of financial lines.
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- June 14 2024
Vero bolsters professional and financial lines team with four hires
Uma Singh, Cem Ulutas, Rob Lee and Shaun Thistlethwaite have joined the Australian carrier covering New South Wales and the Australian Capital Territory.
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- June 12 2024
Dual New Zealand expands underwriting team with IAG hires
Howden-owned MGA has appointed Leon Downey as senior underwriter for casualty and financial lines and Claire Ji as commercial underwriter, both based in Auckland.
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- June 5 2024
Lockton New Zealand ropes in Marsh’s Damian Schade as client director
Schade's appointment in Auckland is aligned with the broker's continuous expansion in the Kiwi market.
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- June 4 2024
Update: Dual to take over Allianz Australia financial lines portfolio
The transition will be effective October 1 and Allianz Australia will remain the 100% capacity provider to this portfolio, according to the MGA's ANZ chief executive Damien Coates.
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- May 31 2024
London Australia Underwriting hires portfolio manager from Liberty Specialty Markets
With over 20 years of experience, Jamie Kennell-Webb has joined the MGA from Liberty Specialty Markets (Asia Pacific) where he held several senior roles.
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- May 30 2024
Australian MGA Ocean Underwriting to launch financial lines cover with Wade Cadman in charge
The Sydney-based MGA's and Lloyd's coverholder's new product will target SMEs and will be led by Cadman who joins from MGA Brooklyn Underwriting.
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- May 23 2024
AUB completes US$132m placement for Pacific Indemnity deal
The Australian broker issued 7.3m new shares in a private placement primarily to fund the Pacific Indemnity acquisition, with excess funds allocated for other M&A deals in the pipeline.
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- May 22 2024
AUB to acquire financial lines specialist MGA Pacific Indemnity
The Australian broking group will pay up to US$93.4m for 70% of the underwriting agency and it has launched a US$133m private placement to fund the deal.
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- May 16 2024
Markel expands China team with three Shanghai appointments
Martin He has joined the specialty insurer as marine underwriter, George Ke has started in his role of professional and financial risk and cyber underwriter, and Lei Wang has become manager of model analytics and reporting.
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- May 9 2024
Miller hires Sheena Benedict Ong for professional & financial risks team
Based in Singapore, Ong was previously a business development manager at Lockton for nearly two years.
