Financial lines

apra-outlines-plan-to-close-australias-household-insurance-protection-gap

APRA outlines plan to help close Australia’s household insurance protection gap

August 28 2024

In its 2024-2025 corporate plan, the regulator emphasises the need for collaboration to improve affordability and strengthen the insurance industry’s resilience.

Naureen Rasul moves to Aon Hong Kong as Director for Financial Services & Professions

August 28 2024

Rasul relocates moves to Aon after 16 years at Marsh.

WTW Singapore recruits Aon's Felicia Tan as Associate Director, Financial Solutions

August 27 2024

Tan joins from Aon where she was serving as Associate Director for Credit Solutions, Asia.

Hard reinsurance market to remain for ‘at least’ two more years: AM Best

August 27 2024

AM Best forecasts reinsurance hard market will persist due to climate risk, higher interest rates, and increased risk complexity.

HDI Global Australia appoints Adele Halfpenny as Senior Liability Underwriter

August 23 2024

Halfpenny joins from Berkley Insurance where she was serving as Underwriter for general liability and financial lines.

howden-estimates-insurance-losses-for-crowdstrike-cyber-event-at-up-to-us1bn

Howden estimates up to US$1bn in insurance losses for CrowdStrike global IT outage event

August 23 2024

Insurance losses triple previous record NotPetya event, but segment is still on track to achieve a sub-100% combined ratio in 2024.

High loss multiples highlight investor’s ‘persistent’ cyber cat bond uncertainty

August 22 2024

Loss multiples on cyber cat ILS are as much as three times higher than those found in similar nat cat linked securities.

daniel-malic-janelle-ferraro-joins-fta-insurance-as-products-amp-liability-underwriters

Daniel Malic, Janelle Ferraro join FTA Insurance as Products & Liability Underwriters

August 20 2024

Malic (left) joins as National General Liability Manager and Ferraro (right) as General Liability Underwriter, following the MGA's recent launch of its public and products liability line of business.