Howden acquires majority stake in speciality bloodstock broker, HQ Insurance
Howden Group acquires controlling interest in Sydney-based HQ Insurance to reinforce its global bloodstock insurance capabilities in the equine sector.
Steadfast Group acquires 70% Stake in Queensland’s Sure Insurance
Steadfast Group invests AU$149m (US$97m) in MGA, as part of deal seen as a strategic move to broaden its footprint in regional Queensland.
Jean Bayon de La Tour joins Howden as International Head of Cyber
Bayon de La Tour joins from Marsh, where he was Head of Cyber for Europe.
NSW insurance premiums set to drop after government announces reform of Emergency Services Levy
Insurers and consumers in New South Wales are set to benefit from the reform, with estimates of potential premium reductions up to 15% for home owners and up to 23% for businesses.
Marsh, Lloyd’s launch US$50m war risk facility in Black Sea corridor
Deal brokered a week after fatal missile strike on Philippines-owned vessel, KMAX Ruler, caused premiums to soar.
Innovation can help revitalise sluggish Asia P&C growth: McKinsey
McKinsey report highlights opportunities for growth in Asia’s P&C insurance market — including digitalisation, the SME sector, adapting to electric vehicle adoption, and evolving climate and cyber risks.
Macquarie acquires 15% stake in Envest Group
Macquarie Capital Principal Finance acquires 15% stake in Envest, whose aggressive growth strategy has seen it acquire 27 businesses in 2023.
WTW introduces global D&O excess facility
A-Star provides up to £/$/€ 80m in additional capacity to protect directors, officers, and insured individuals against liabilities not indemnified by their company.
India considering redistribution of US$1.8bn terrorism pool capacity to nuclear and import risks: Report
GIC Re and P&C insurers deliberate reallocating portion of 150bn rupee (US$1.8bn) terrorism pool toward mitigation of risks related to nuclear energy and sanctioned imports.
Energy asset valuations challenge Australia as decommissioning presses ahead
More than US$40 billion of decommissioning needs to take place over the next 50 years.
