Subject: Strategy Page 7 / 28
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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.
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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.
