Non-life

Australia's commercial segment seeing increased capacity and stabilisation in rates: Gallagher

May 5 2024

Stabilising rates, competitive market, and cyber and regulatory changes are creating new dynamics in Australia's insurance industry.

nsw-government-launches-netstrata-review-following-allegations-of-excessive-insurance-brokerage-fees

NSW Government launches Netstrata review following excessive insurance brokerage fees allegations

May 4 2024

Review launches amid broader concerns of systemic issues in strata insurance, highlighted by recent ACIL survey.

KOBA Insurance launches Australia's first dedicated EV policy

May 3 2024

Pay-as-you-drive policy is initially for Tesla owners, but access to other brands will roll out in the 'near future'.

NZ Medical Indemnity's ratings upheld as strategic shift boosts performance

May 3 2024

AM Best affirms ratings, though disestablishment of district health boards could cause challenges.

Taiwan's government allocates US$878m for Hualein earthquake recovery efforts

May 3 2024

NT$28.55bn (US$878m) allocated with a focus on public infrastructure, private homes, and economic revitalisation.

Australia's General Insurance code breaches rise 34% in 2022-23

May 3 2024

New data from the General Insurance Code Governance Committee shows a continued uptick in code breaches.

Chubb prepares US$350m claim payout for Baltimore Bridge collapse - reports

May 3 2024

First major payout from Scott Key Bridge looms after incident sparks complex web of claims and lawsuits.

kpmg-china-appoints-longworth-and-hussain-to-key-insurance-roles

KPMG appoints Longworth and Hussain to key insurance roles

May 3 2024

KPMG China appoints Mark Longworth (pictured left) as Global Head of Insurance Advisory and Tan Hussain (pictured right) as Actuarial Modelling leader, with both based in Hong Kong.

NFRA calls for swift insurance response to Guangdong highway collapse

May 3 2024

Another disaster hit rain-stricken Guangdong on Wednesday, with insurers fast-tracking 10.62m yuan (US$1.47m) in claim payments so far.

Garry Xue takes on new Executive Director role at Munich Re

May 2 2024

Xue appointed Executive Director, Head of Origination for Hong Kong, Taiwan, and Multinationals at Munich Re Markets, according to a LinkedIn update.

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