Industry Segments: Strategy Page 5 / 26
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- July 6 2024
Suncorp lifts top of cat reinsurance tower to US$4.6bn for FY 2025
The cat reinsurance program will protect from major events starting from AU$350m (US$236.2m), and renewed program changes have no material impact on target capital for the group.
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- July 4 2024
Zurich-owned Cover-More announces new group CEO
David Fike will lead the company through a significant integration phase following Zurich's acquisition of AIG's global personal travel insurance and assistance business.
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- July 1 2024
BMS expands Japan M&A insurance team with a senior appointment
Tokyo-based Ryo Iizuka, who joins as director of the private equity, mergers & acquisitions, and tax, will report to Tim Hewitt, head of BMS Japan, and work alongside associate Kaori Iwai.
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- June 26 2024
Mitsui Sumitomo plans to merge continental European subsidiaries
The Japanese insurance group has announced that it will integrate MS Amlin Insurance and MSIG Insurance Europe by summer next year.
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- June 25 2024
China Re-owned Chaucer hires Hayley Spink as group chief operating officer
London-based Spink, who joins from Apollo Syndicate 1969, has in the past worked in Shanghai helping set up Lloyd’s China.
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- June 25 2024
Exclusive: Gallagher retreats from Japan a year after launch
The broker closed its wholesale broking business in May while the retail agency business is expected to close by end of this month, InsuranceAsia News understands.
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- June 20 2024
HDI Global expands South Australia operations with Adelaide office
City-based market manager Andrew Beare and property underwriter Elicia Scudds as well as employees from claims, risk engineering and international programs teams will move to the new office to connect with local brokers and clients.
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- June 19 2024
QBE to wind down North American middle-market business
The shuttering of the underperforming unit will not affect core specialty, crop and commercial business, the Australian carrier said.
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- June 7 2024
Cornerstone Risk Group expands in NSW with senior hire
Insurance broker Cornerstone Risk Group has appointed Calum Flynn to head its new Sydney operations as the firm expands its footprint along the east coast of Australia.
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- June 5 2024
Chubb lands Australian aviation specialist MGA
The global insurer plans to close the acquisition of Melbourne-based Catalyst Aviation Insurance by the end of this month.
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- June 5 2024
Aldi partners with RACQ and Honey Insurance to launch insurance offering in Australia
The supermarket chain's insurance arm will offer car, homeowners and renters, including free smart home sensors, and landlord policies across the country.
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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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- June 3 2024
Australian cyber specialist Emergence promotes Katrina Hickson to head of distribution
Hickson, who was the MGA's business development underwriter for Queensland and the Northern Territory, will oversee the national accounts strategy, key partnerships, and expand market presence in the newly created role designed to improve solutions for brokers.
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- May 30 2024
Dual expands New Zealand operations with Wellington office
The new office will be the company’s first office outside Auckland and reflects the company’s growing presence in New Zealand.
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- May 27 2024
Asta looks to regional underwriters as it seeks new Lloyd’s Asia syndicates
The third-party managing agent is keen to develop a local syndicate directly onto the Lloyd’s Asia platform, says group director Simon Norton.
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- May 22 2024
Diot-Siaci to buy majority stake in Indian broker Unilight
The agreement is expected to strengthen Diot-Siaci's presence in Asia and allow the European broker to participate in the expansion of the Indian insurance market.
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- May 17 2024
Starr Insurance launches in Korea with Paul Choi in charge
Choi was formerly Aon Korea's chief broking officer and has been named CEO of the insurer's new branch in Seoul.
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- May 14 2024
Everest Australia launches with Sydney and Melbourne offices
The team, led by Christian Colombera, will write property, casualty, financial lines, professional lines, and energy and construction risks.
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- May 13 2024
Everest gets insurance licence in Australia
The Australian Prudential Regulation Authority's licence allows the carrier to write new and renewal business from the country.
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- May 13 2024
Localised products key for W&I growth in ‘underserved’ north Asian markets
Domestic carriers in China and Korea could take cues from Japanese players to launch products that serve the needs of local clients.
