Investments led to wider operating deficit, but Fitch maintained rating due to reduction in underwriting deficit, strong capital, and continued support from its parent company.
Data from APRA show costs for public liability and professional indemnity premiums are skyrocketing, however a change in accounting methods could be a factor.
Halo Underwriting is Lloyd's backed and will aim to cover complex, hard-to-place risks in SME and mid-market segments.
In May, BYD was granted approval for the purchase of Yi’an Property and Casualty Insurance and insiders suggest its latest move means its nearly ready to enter China's motor insurance market.
Business insurance duty in VIC is currently 10% and will be lowered by 1 percentage point each year starting from July 1st 2024.
The bailout of AU$170 million two years ago has proven to be insufficient for The Catholic Church's insurer.
Despite large commercial and natural disaster losses, strong results achieved thanks to new coinsurance product along with global market hardening.
Sherbahn has over 3 decades of experience and joins from Zurich
Gallagher Re's renewal-focused publication provided global insight into the Apr renewal season, including a specific focus on Japan.