Matt Bacon Howden

Howden confirms arrival of Marsh Australia execs as regional build-out gathers pace

2021-06-22T09:02:00+01:00

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 and Generali

Axa international restructure continues as sells Malaysian operations to Generali

2021-06-22T07:17:00+01:00

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.

Australia floods

ICA reports A$144mn of losses so far from Victoria floods

2021-06-21T06:47:00+01:00

Insurers have received more than 15,7000 claims from the ongoing flooding in Victoria, the Insurance Council of Australia (ICA) has reported.

Japan copy

Japanese quake payouts rise by another $400mn to $1.2bn

2021-06-18T13:22:00+01:00

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

FWD files for estimated $3bn US IPO

2021-06-18T13:46:00+01:00

FWD, the Asian insurer backed by Hong Kong billionaire Richard Li, has filed confidentially for an initial public offering in the US.

Tokio Greensill

Credit Suisse prepares to claim on insurance for Greensill losses: reports

2021-06-16T11:33:00+01:00

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.

ICA

ICA declares Victoria floods a catastrophe

2021-06-14T07:05:00+01:00

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 CorSo

Swiss Re appoints Bell as CorSo head for Australia and New Zealand

2021-06-08T13:36:00+01:00

Christine Bell has been appointed country head for Australia and New Zealand at Swiss Re Corporate Solutions (CorSo).

IM-QHR-Weishu-Fan

China’s Qianhai Re names Munich Re veteran Fan CEO

2021-06-07T21:05:00+01:00

Chinese reinsurer Qianhai Re has appointed Munich Re’s long-serving Weishu Fan as its new CEO.

Guy Carp pacific basin

GC predicts “above normal” tropical cyclone activity in Pacific basin

2021-06-04T07:14:00+01:00

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.

Crawford Bangkok

Crawford launches Japan desk in Thailand

2021-06-04T12:15:00+01:00

Claims management firm Crawford & Company has announced the launch of a Japan desk in Bangkok, Thailand.

Japan

Tōhoku earthquake claims bill tops $1.2bn

2021-06-02T16:07:00+01:00

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).

IM-Tencent-HongKong

Tencent-backed reinsurer FuSure receives A- from AM Best

2021-06-01T18:38:00+01:00

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.

Commerce Commission New Zealand, Aon and WTW

New Zealand extends Aon-WTW merger decision to July

2021-05-25T11:15:00+01:00

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.

Kimberley Daley – Sedgwick

Sedgwick names Daley head of professional services in Australia

2021-05-25T07:01:00+01:00

Carlyle Group-backed Sedgwick has announced the appointment of Kimberley Daley as head of its professional services division in Australia.

Australia map

Australia launches consultation on A$10bn cyclone reinsurance pool

2021-05-24T11:14:00+01:00

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.

Cyclone Tauktae in Mumbai

Cyclone Tauktae set to drive SME claims in India

2021-05-21T13:09:00+01:00

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.

Andrew Hall – ICA

Australian insurers warn tax changes will fuel underinsurance

2021-05-21T07:06:00+01:00

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.

Peak Re

Peak Re grows GWP 18% as profits climb in 2020

2021-05-20T11:58:00+01:00

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.

Elia Rahmita Price – Ed

Ed Asia names Howden’s Rahmita Price as developing markets director

2021-05-19T09:13:00+01:00

London-headquartered intermediary Ed has appointed Howden’s Elia Rahmita Price as director of developing markets for Ed Asia, effective immediately.