Country: Australasia Page 34 / 114
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- March 8 2024
Rothbury Group acquires Steadfast-owned Kiwi broker Austinsure
The Auckland-based aviation and PI specialist’s seven-member team will join the New Zealand insurance broking group on March 15.
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- March 8 2024
Exclusive: Aon reshuffles Australia W&I leadership as Sam Thomas departs
Sydney-based Anita Vivekananda will succeed Thomas as head of transaction solutions for Australia and New Zealand.
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- March 8 2024
Australian MGA Criterion Underwriting expands into New Zealand
The Brisbane-based specialist underwriter services waste and recycling, hospitality, plants & equipment, financial lines, and public & product indemnity sectors.
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- March 8 2024
New Zealand regulator FMA files civil case against Tower for overcharging customers by NZ$10m
Financial Markets Authority has alleged that the company did not properly apply multi-policy discounts for about 65,000 customers from September 2016 onwards.
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- March 8 2024
Valentine’s Day storms’ cost estimate at US$69m, claims set to cross 20,000: ICA
85% of claims are related to home and contents damage caused by the heavy rainfall, flooding, and strong winds experienced across the region.
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- March 7 2024
Australia consults market on broadening standardised hazard terms beyond floods
The consultation paper highlighted a 50% jump in complaints regarding general insurance for delaying claims handling associated with major catastrophes in 2022-23.
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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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- March 7 2024
Australia’s US$1.3bn Asean push puts insurance high on the agenda
The SEAIFF will provide loans, guarantees, equity and insurance for projects that would boost trade and investment, particularly in support of the region's clean energy transition and infrastructure development.
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- March 6 2024
ASIC urges insurers to improve claims handling as severe weather events increase
In a letter directed to general insurers, the Australian corporate regulator said events such as cyclone Jasper, and Christmas and New Year storms have highlighted their licence obligations to process claims fairly and in a timely fashion.
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- March 5 2024
Assured Guaranty hires managing director for Australia expansion
The financial guarantee insurer has appointed Melissa Gribble as part of its move to grow origination activities in the country with a focus on the infrastructure, utilities and structured finance markets.
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- March 5 2024
Mustard Underwriting partners with Sovereign Insurance Australia for personal lines roll-out
The MGA will start with home and contents, landlords, contents cover and motor products for the Australian and New Zealand markets.
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- March 5 2024
Arch Insurance Australia hires professional indemnity expert
Melbourne-based Aaron Green, founder of a PI-focused broker for 10 years, has now joined the insurer as a senior underwriter.
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- March 4 2024
Insured losses from Australia summer cat events reach US$1bn: ICA
While damage from both Jasper and the Christmas and New Year storms was widespread across three states – Queensland, New South Wales and Victoria - the average claim cost was under A$10,000, lower than from similar events.
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- March 1 2024
Robust pricing, investments to boost FMG Insurance NZ earnings: AM Best
AM Best has affirmed an insurer rating of A (excellent) with a stable outlook, though a US$158m bill from the twin weather events last year burned a hole through its operating results.
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- March 1 2024
Delta Insurance Group hires new group COO
Auckland-based Nathan Barrett has held various leadership roles across underwriting and claims, product and pricing over the past 20 years.
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- March 1 2024
Allianz hires new head of motor fleet underwriting in Australia
Sydney-based Greg Steel has previously held senior positions at insurers such as IAG and Suncorp.
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- February 29 2024
Chubb New Zealand country president Andrew Brooks leaves
Auckland-based Brooks has accepted a six-month contract role at Insurance Advisernet as national manager partnerships & development, effective March 4.
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- February 28 2024
Lloyd’s rejigs Australia leadership following Chris Mackinnon promotion
Tracey Bryan is set to take on additional role as Lloyd’s Australia general representative, and Peter Plustwik will be promoted to general manager, both effective April 1.
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- February 28 2024
Gallagher plans APAC fac buildout with Singapore, Sydney hubs
The broker, which is hiring a new team in the hub, wants to support the underwriters locally while writing business from around the world as it brings the offering under one international platform, according to Malcolm Payton.
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- February 28 2024
Steadfast H1 revenue grows 19% to US$517m
The Australian broking and underwriting group is on target to complete AU$183m of trapped capital acquisitions in FY 2024.
