Howden has confirmed the arrival of Matt Bacon, Stuart McKellar and Nick Chubb, with the trio joining from Marsh Australia to lead the London-headquartered broker’s newly launched platform in the country, a move first revealed by The Insurer in December.
Axa has undertaken the latest in a string of disposals of non-core assets, announcing it has entered an agreement with Generali to sell its insurance operations in Malaysia.
Insurers have received more than 15,7000 claims from the ongoing flooding in Victoria, the Insurance Council of Australia (ICA) has reported.
Data published by the General Insurance Association of Japan shows insured payouts related to the 13 February offshore earthquake close to the Tōhoku region have now topped $1.6bn.
FWD, the Asian insurer backed by Hong Kong billionaire Richard Li, has filed confidentially for an initial public offering in the US.
Credit Suisse has prepared its first insurance claims for losses stemming from its $10bn of funds tied to collapsed finance group Greensill Capital, according to reports.
Floods that have left tens of thousands of people without power or telecommunications in the Australian state of Victoria have been declared a catastrophe by the country’s Insurance Council.
Christine Bell has been appointed country head for Australia and New Zealand at Swiss Re Corporate Solutions (CorSo).
Chinese reinsurer Qianhai Re has appointed Munich Re’s long-serving Weishu Fan as its new CEO.
The number of tropical cyclone formations between 1 April and 30 September is expected to be above normal, according to a briefing published by Guy Carpenter on the 2021 Western North Pacific basin tropical cyclone season.
Claims management firm Crawford & Company has announced the launch of a Japan desk in Bangkok, Thailand.
Insured payouts related to damage from the offshore earthquake close to the Tōhoku region on 13 February have topped $1.2bn, according to the most recent data from the General Insurance Association of Japan (GIAJ).
Tencent Holdings-backed FuSure Reinsurance Company has been handed a financial strength rating (FSR) of A- by AM Best as the Hong Kong-based start-up gears up to begin underwriting health reinsurance business before diversifying into other lines that could include P&C.
The New Zealand Commerce Commission has again delayed the announcement of the findings of its review of Aon’s combination with Willis Towers Watson, with the regulator pushing back its decision date to 2 July 2021.
Carlyle Group-backed Sedgwick has announced the appointment of Kimberley Daley as head of its professional services division in Australia.
Australia’s federal government has launched a Cyclone Reinsurance Pool Taskforce to consult with industry and community representatives on plans to develop a final design for the pool.
Early assessments suggest insured losses emerging from Cyclone Tauktae’s impact in India will be driven by claims from SMEs, according to Crawford & Company adjuster Arne Eisfeld.
The Insurance Council of Australia (ICA) has warned that a projected growth in taxes on insurance is “unsustainable” and would cause Australians to be underinsured or not insured at all.
Hong Kong-based reinsurer Peak Re defied the Covid-19 headwinds to see its net profit climb to $87.1mn in 2020 with premiums up 18 percent to $1.96bn.
London-headquartered intermediary Ed has appointed Howden’s Elia Rahmita Price as director of developing markets for Ed Asia, effective immediately.