Industry Segments: Specialty Page 3 / 17
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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 17 2024
Allianz Partners charts APAC expansion with India reinsurance, retail lines in focus
The embedded assistance and specialty retail insurance business is betting on expanding travel, mobility and reinsurance operations to drive growth across multiple regional markets.
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- May 16 2024
Australian broker Bellrock takes BHSI claims specialist
Sydney-based Joseph Hershewe has been appointed as head of claims by the specialist broker.
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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 2 2024
Chubb promotes Kate Burke to international personal lines head for APAC
Singapore-based Burke will be responsible for growing the insurer’s motor, residential, specialty and high-net-worth business lines across the region.
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- May 2 2024
Markel’s Australian finpro build out bets on ‘harder’ mid-market PI
The carrier aims to grow its onshore footprint in the professional indemnity market in the next two to three years with “a real spread of risks” and eventually expand its portfolio into other financial lines segments when markets turn.
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- April 29 2024
‘Sushi terrorism’ puts reputational risk insurance in Japan centre stage
Reputation management was once little more than an afterthought for many companies, outsourced to crisis communication teams, however, the rise of social media is changing perceptions.
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- April 19 2024
Liberty to combine Asian specialty and retail businesses under Matthew Jackson’s leadership
The new unified division, Liberty International Insurance, will continue to go to market under its existing brands, including Liberty Specialty Markets and Liberty Insurance.
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- April 19 2024
Allianz Commercial’s Sandric targets double-digit growth in Asia but cautions on market softening
The carrier aims to be a leader in the region's competitive commercial risks space and expand its alternative risk transfer solutions and multinational program offerings, the Asia chief executive told InsuranceAsia News.
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- April 18 2024
Hong Kong’s national security law eases US$100m political violence concerns
The new law has lowered concerns of exposure to another event akin to the 2019 protest, still (re)insurers haven't relaxed underwriting considerations.
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- April 9 2024
Ansvar Insurance Australia hires Peter Bailey from AIG as chief underwriting officer
Bailey has joined Ansvar Insurance after a 10-year stint at AIG where he was most recently its head of portfolio solutions.
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- April 9 2024
April 1 renewals point to signs of reinsurance market peaking
The orderly 1.4 renewals saw a revival in property cat appetite, and modest reductions in rates and easing of conditions, though retentions remain high and per risk and US casualty continue to be hard to place.
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- April 2 2024
Markel launches PI cover in Australia with localised wordings
The carrier will write professional indemnity policies for Australian-domiciled businesses across six sectors including construction, accounting, insurance and media.
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- March 14 2024
HDI Global names Paula Ritchie head of single risk for Australia, New Zealand
Joining from Arch Insurance Australia, Ritchie is tasked with expanding the the specialty insurer's offerings in the region.
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- March 12 2024
Canopius 2023 net profit soars on improved Australia business, fewer cat events
The global specialty and P&C (re)insurer said fewer major cat events in Asia Pacific led to a 2.5% year-on-year drop in insurance service expenses in FY 2023.
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- March 7 2024
David Morrow succeeds Andrew Brooks as country president for Chubb New Zealand
Morrow will have responsibility for the carrier’s commercial P&C, traditional and specialty personal lines and accident and health insurance businesses.
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- February 28 2024
Hong Kong reiterates pledge to develop as ILS hub in 2024-25 budget
The city's financial secretary repeated its goal of developing insurance-linked securities such as cat bonds, and attracting captives as key to developing its specialty insurance market.
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- February 26 2024
Markel appoints Ng Yao Hua as cyber security analyst in Singapore
Ng will support Markel’s cyber underwriting capability in the region, reporting to Simon Moi, head of professional and financial risks for Asia.
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- February 19 2024
Axa XL appoints AIG’s Chris Cheng as Hong Kong head of casualty
Cheng will be responsible for developing casualty portfolio across Hong Kong, China and Macau.
