Non-life

Rapid growth in MGA premiums warrant enhanced oversight: AM Best

June 4 2024

AM Best calls for heightened oversight amid rapid growth of MGAs and increased private equity involvement.

June 4 2024

Vraken brings extensive leadership experience from his previous roles at AXA including 4.5 years as President and CEO of AXA Direct Japan.

dual-to-take-on-underwriting-and-management-of-allianz-australias-financial-lines-portfolio

DUAL to take over underwriting and management of Allianz Australia's financial lines

June 4 2024

MGA announces it will take over management of portfolio from 1 Oct, with Allianz remaining the 100% capacity provider.

nur-fatihah-mustafa-appointed-ceo-of-zurich-takaful-malaysia

Nur Fatihah Mustafa promoted to CEO of Zurich Takaful Malaysia in milestone appointment

June 4 2024

Mustafa promotion to head of Zurich's family takaful business makes her the first woman to lead a takaful operator in Malaysia.

australian-government-provides-details-on-new-insurance-affordability-and-natural-hazards-taskforce

Australian Government outlines details of new insurance affordability and natural hazards taskforce

June 4 2024

Announced as part of the 2024-25 budget, the new taskforce will adopt a cross-government approach to reducing impacts of nat cats on the community.

Low loss ratios drive growth in Australia’s battery energy storage insurance market

June 4 2024

Capacity is flooding the market, but a reluctance to take lead position keeps rates high.

Alexander Bland joins QBE Asia as Regional Specialty Claims Head

June 3 2024

Bland will be responsible for shaping and executing QBE's specialty claims strategy in the region.

new-ica-figures-underline-importance-of-emergency-services-levy-reform

New ICA data underlines importance of Emergency Services Levy reform for NSW insureds

June 3 2024

ICA data shows ESL adds between AU$305 and AU$1,200 annually for property policies, reinforcing importance of Government's ongoing reform efforts.

NZ Budget 2024 boosts disaster preparedness with new National Emergency Management Facility

June 3 2024

Budget includes several disaster aid and resilience measures, including NZ$28m (US$17.2m) for temporary housing for households impacted by Cyclone Gabrielle and the Auckland Flood.

hong-kongs-direct-general-insurance-segment-sees-underwriting-profits-rise-61-8-in-q1-2024

Hong Kong's direct GI underwriting profits up 61.8% in Q1

June 3 2024

HK's direct general insurance segment sees underwriting profits rise to HK$625m (US$80m), but property line sees doubling of gross claims paid.

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