Tower names Richard Harding as new CEO
July 21 2015 by InsuranceAsia News Staff
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Tower upgrades FY 2024 profit outlook to US$20m
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The updated guidance assumes full utilisation of the FY 2024 large events allowance, which is set at US$26.5m.
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Asia accounts for 40% of nat cat economic losses in Q1: Gallagher Re
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Driven by the Noto Peninsula earthquake, Asia had US$17bn in losses for the first three months of the year, making it the only region with above-average Q1 losses.
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IAG forks out US$24m in compensation for underpaid staff
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IAG, which self-reported non-compliance issues to the regulator in December 2020, also signed an enforceable undertaking with the Fair Work Ombudsman.
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Suncorp exits New Zealand life arm for US$244m to focus on P&C business
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Resolution Life will acquire the Australian insurer-owned Asteron Life and the deal is expected to be completed in nine months.
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