Industry Segments: Strategy Page 4 / 26
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- August 23 2024
IAG releases climate action plan to meet FY 2030 emissions reduction targets
The carrier is focusing on phasing out underwriting for entities that are predominantly in the fossil fuels businesses and identifying, assessing and integrating climate resilience, decarbonisation, and other sustainability criteria, into its decisions.
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- August 23 2024
AUB launches third strata MGA Rubix Underwriting as division’s pre-tax profit surges 58%
The new entity will have Lloyd's as the capacity provider and will allow the broker to grow its strata portfolio which already includes brands SUU and Longitude.
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- August 23 2024
PSC Insurance FY2024 revenue up 15.5% on UK business growth
The ASX-listed broking group said it expects to complete its US$1.5bn sale to The Ardonagh Group by October 11.
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- August 21 2024
HDI Global targets bigger market share in Asia, further regional ANZ expansion in H2 2024
The industrial lines specialist reported strong growth across its Australia and Singapore branches driven by a growth in new business and inflation-related price adjustments in the first half of the year.
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- August 20 2024
GIC Re mulling exiting its non-core housing financing arm: report
The reinsurer, which holds a 15.26% stake in GIC Housing Finance, plans to bring in an investor to divest its stake.
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- August 19 2024
India government may pare stake in GIC Re through secondary placement: report
The state-owned reinsurer plans to starts growing its international book of business from next year as it is expecting a rating upgrade to "A-" from AM Best.
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- August 14 2024
Canopius CEO highlights strong pipeline for APAC H2 growth
With a new regional CEO in place, the carrier is optimistic about growth prospects for the remainder of the year.
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- August 2 2024
Lockton promotes Chris Brown to CEO of Lockton International
In his new role, London-based Brown will drive Lockton's strategy and growth across Europe, Latin America, Asia, Pacific (Australia & New Zealand), Middle East and North Africa.
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- August 1 2024
Munich Re’s Ajeet Phatak takes over as CEO for Korea
Phatak, who was previously head of client management for Munich Re Japan, was appointed in the new role following a wider regional leadership reshuffle earlier this year.
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- July 31 2024
HDI Global restructures Australian leadership amid Middle East expansion
Karina Rodriguez Diaz and Stevan Bonic takes over from Willem van Wyk and John Morrell, who will head HDI's new office in Dubai.
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- July 30 2024
HDI’s Asean and Australasia regional manager Willem van Wyk to head new Dubai office
The new hub will initially offer engineering, construction and property insurance products with other lines such as liability and marine being written from the insurer's Singapore office.
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- July 26 2024
Nova Insurance set to fully acquire China arm by year-end
While it will be business as usual for the Hong Kong broker's China unit, it has also received regulatory approval to open a branch in the city of Suzhou, its third in the country.
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- July 18 2024
Lockton opens Adelaide office, Matthew Linke, Andrew Thornton join as directors
The new office is part of its South Australia growth strategy, which aims to strengthen its existing workers’ compensation claims and injury management consulting expertise.
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- July 18 2024
Howden Hong Kong takes Marsh’s Flora Fong as executive director for business strategy and growth
In her new role, Fong will engage with large, complex and multinational clients and drive discussions on critical topics such as climate risk and resilience, energy transition, digital transformation, cyber and political risks.
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- July 18 2024
Commercial property specialist FM Global rebrands as FM
FM will serve as the parent brand for its flagship mutual insurance company and commercial property insurer AFM.
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- July 17 2024
Mitsui Sumitomo-backed Haven Underwriting launches in Australia
Sydney-based MGA, founded by Barnaby Williams, will offer industrial special risk property cover.
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- July 16 2024
AUB targets New Zealand expansion through equity partnership with Northco
Northco’s management will retain a significant shareholding "to continue to adopt an entrepreneurial focus for the business".
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- July 11 2024
Sompo ropes in AIG’s Bill Zhang as consumer lines president for APAC
Zhang will be responsible for leading the consumer lines strategy and operating model across Asia Pacific, reporting to Kenneth Reilly, APAC CEO of insurance.
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- July 10 2024
Zurich turbocharges Hong Kong EV insurance business by courting used car owners
As a key growth area for the city, Zurich has dialled up its effort to attract EV policyholders to switch from competitors and is exploring more product opportunities for the Greater Bay Area, says Clement Hau, chief underwriting officer for general insurance, Hong Kong.
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- July 6 2024
Mapfre Re seeks China expansion via new subsidiary in Beijing
The recent approval from the financial regulator will allow the Spanish reinsurer expand its business in the country where it has until recently maintained a presence through a representative office.
