Industry Segments: Underwriting Page 2 / 18
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- September 26 2024
Cybersecurity firm Blackpanda integrates underwriting unit into group
The cyber emergency response firm raises US$6.7 million from Singtel Innov8, Gaw Capital Partners and WI Harper Group, taking its total capital raised under Series A to US$21.7 million.
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- September 19 2024
Markel taps Allianz’s April Tam as senior underwriter, PFR and cyber
Hong Kong-based Tam has also been named head of financial institutions in Asia, and reports to Asia Pacific CUO Kevin Leung.
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- September 11 2024
Low claims, growing reserves keep P&I market on steady course
Although the headline figures look strong, some of the biggest clubs have reported underwriting losses as several need to correct results, while others take a softer approach.
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- August 23 2024
Analytics: Australian underwriters incur 23% lower public liability claims in 2023
Lloyd's public liability claims doubled and PI claims went up 13 times in the country in the last year while other insurers' PI claims were 9% higher year-on-year across all states, according to the 2023 claims data released by the Australian Prudential Regulation Authority.
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- August 22 2024
Mega Insurance COR up 10 points to 97% as credit, motor claims climb
Fitch Ratings has affirmed an insurer rating of 'A+ for the company with a stable outlook as its GWP rose 75% in 2023.
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- August 16 2024
Delta Insurance taps Chubb’s Siân Mullane as senior property underwriter
With nearly 30 years of experience, Mullane was most recently a senior property underwriter at Chubb up until June 2024.
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- August 15 2024
ARPC hires Cameron Hick as head of technical underwriting
Hick has over 25 years of experience in the reinsurance industry across Australia, Switzerland and Germany.
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- August 8 2024
Asia’s buyer-friendly market to stay as pricing remains flat in Q2: Aon
US-related and nat cat-exposed property risks remained challenging across most markets in the region, although Hong Kong and China stood out with modest price reductions, the broker said in its Q2 market insights report.
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- August 8 2024
Cyber wordings, limits set to tighten as CrowdStrike points to ambiguity in cover
The industry needs to address accumulation risks, data gaps and further threats from large-scale events that are becoming more frequent.
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- July 30 2024
Asian renewables underwriting witnessing ‘positive shift’ in expertise and capacity
With more large-scale projects now “fully placed” in the region, the market needs to address regulatory and financing hurdles for local underwriting to flourish.
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- July 24 2024
HDI Global hires Stuart Routledge as New South Wales marine underwriting manager
Sydney-based Routledge joins from RedSky Insurance where he was senior marine underwriter specialising in cargo insurance for over three years.
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- July 23 2024
Indian and Malaysian carriers keen to transform claims and underwriting approaches
The two fast-growing markets illustrate how insurers can ride on regulatory changes and innovative approaches to navigate challenges and capitalise on opportunities.
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- July 12 2024
PartnerRe hands Sasa Hu expanded role of APAC P&C CUO
Hu will remain in Hong Kong whilst also maintaining her current role of head of agriculture.
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- July 12 2024
Axa XL expands Australian team with two senior hires
Based in Sydney, Sugra Kaur has been appointed senior casualty underwriter while Melbourne-based Rhys Anthony has joined as senior claims specialist for property.
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- July 11 2024
Asia carriers looking to extend renewables capacity as projects soar
Large and complex regional projects exposed to nat cat risks could still find it hard to secure insurance as they require specialist underwriting expertise from London markets.
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- July 1 2024
Lloyd’s syndicate Argenta Underwriting closes Sydney office
The decision follows “a review of the group’s underwriting activities in Australia’, and the Sydney business will be managed from London, it said.
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- July 1 2024
Gen AI prophecy turns reality as insurers count cost benefits
Artificial intelligence, blockchain and embedded solutions are delivering tangible cost savings and enabling more competitive premium rates, senior insurance executives told an industry forum.
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- June 26 2024
Taiwanese insurers set to debut dedicated EV insurance in July: report
Cathay Century Insurance, MSIG Mingtai, Shinkong Insurance, Union Insurance, and Taian insurance are preparing to launch the specialised cover with premiums at 5-10% higher than conventional gas-powered cars.
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- June 25 2024
Arch Insurance Australia hires Amanda Seng as property underwriting manager
Seng will focus on managing the underwriting activities across Arch Insurance’s Southern region property portfolio.
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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.
