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Joe Bone joins Arch Insurance Australia as Professional Indemnity Product and Distribution Manager

September 19 2023

Bone has over 18 years industry experience and joins from Berkshire Hathaway Specialty Insurance.

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Indian regulator forms cyber security committee

September 19 2023

The Insurance Regulatory and Development Authority of India has formed the committee to regularly review potential threats to the insurance industry.

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Alan Page joins Charles Taylor from Sedgwick

September 19 2023

Responding to client demand for specialist engineering expertise, CTA appoints insurance veteran Alan Page as Executive Adjuster in Brisbane, Australia.

A group of people in a raft on a flooded street.

Extreme weather events expose severe gaps in China's insurance coverage

September 18 2023

Despite the increasing frequency of extreme weather events, insurance coverage for Nat Cats remains low at around 10% of economic losses, posing challenges for insurers and highlighting the need for proactive...

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Sedgwick launches new capability framework for Australian loss adjusters

September 18 2023

Sedgwick's new framework aims to equip seeks to equip its Australian property loss adjusters with advanced tools and knowledge to improve the claims process.

COSCO SHIPPING captive maintains excellent financial ratings from AM Best

September 18 2023

COSCO SHIPPING Captive Insurance has ratings affirmed, benefiting from strong support from its parent company and having registered net profits annually since inception.

AM Best lifts 'under review' status of Taiwan's Hotai Insurance; upgrades outlook to positive

September 15 2023

Hotai has been upgraded to a stable and positive outlook, reflecting the company's successful mitigation efforts and supported by capital injection from parent firm Ho Tai Motor.

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Anthony Dagostino joins AXA XL in newly created Global Chief Cyber Underwriting Role

September 15 2023

Dagostino, founder of cyber insurance firm Converge, steps into the newly created role to spearhead the company's cyber growth.

A pile of debris in the yard of a house.

ICNZ: Over NZ$2bn paid in Auckland floods and Cyclone Gabrielle claim settlements so far

September 15 2023

New Zealand insurers have settled 64% of claims volume, amounting to NZ$2.05bn (US$1.19bn) of the —newly revised — NZ$3.5bn (US$2.07bn) in claims.

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Monte Carlo RVS 2023 reflections: Further repricing on the way as cost of capital continues to bite

September 15 2023

Hardening rates, cost of capital, the protection gap, climate change, cyber, and AI all featured prominently during Les Rendez-Vous de Septembre 2023.

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Markel expands APAC footprint with 3 new Australian offices; appoints AXA XL's Morison as Country Managing Director

September 14 2023

Markel is opening offices in Sydney, Melbourne and Brisbane and has hired industry veteran Rory Morison to head up the country's operations.

A blurry image of a computer screen with a stock chart on it.

Fitch maintains Malaysia's P&O financial strength rating despite combined ratio of 133% in FY23

September 13 2023

Fitch Ratings has reaffirmed Pacific & Orient Insurance's IFS rating, citing the firm's strong capitalisation and prudent investment approach, despite stressed profitability and fierce competition...

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