IAG joins Australian Cyclone Reinsurance Pool
Insurance Australia Group joins Cyclone Pool, while advocating for more investment in disaster risk reduction and stronger national building codes.
BOC Aviation secures US$208m insurance settlement for grounded aircraft in Russia
Following a series of similar settlements, Singapore’s BOC Aviation obtains US$208 million from NSK for aircraft stranded in Russia.
Aspen promotes Edward Hart to International Head of Cyber
Hart only joined Aspen in February, but has quickly stamped his mark on the specialty (re)insurer.
War risk premiums surge following missile strike on Philippines-owned vessel in Ukraine: Report
Attack on KMAX Ruler, which was due to transport iron ore to China, led to a fatality and injuries to Filipino crew, prompting a sharp increase in marine war risk premiums.
Australia’s BOM: Record dry September followed by dryest October in two decades
Rainfall in September and October falls to 71% and 65% below average respectively, with Bureau of Meteorology predicting sustained dry conditions as El Niño and associated risks takes hold.
ZhongAn’s tech edge cement ‘excellent’ ratings from AM Best
ZhongAn’s innovative approach and diversified insurance services see ratings affirmed despite 2022 loss.
Beijing welcomes new foreign-owned brokers for first time in five years
Ergo-Fesco Insurance Brokerage and BMW (China) granted approval to set up operations, as the NAFR looks to increase foreign investment in the domestic (re)insurance industry.
Insure Our Future campaign: industry ‘continues to fuel the climate crisis’
The campaign releases seventh annual scorecard, with Australia’s QBE highest ranked among Asia Pac (re)insurers, Japanese insurers middle of the pack, and Chinese insurers propping up the table.
Arch Insurance launches Australian Cyber practice; Rachel Green named national underwriting manager
Green moves from Chubb, where was major accounts segment leader for cyber and technology.
Ping An denies Country Garden takeover claim
Ping An Insurance said Reuters report, alleging Chinese authorities directed the insurer to assume control of embattled property developer Country Garden, is ‘completely untrue’.
