Property

tasmanians-liberals-pledge-to-create-tasinsure-to-cut-insurance-costs

Tasmanian Liberals pledge to create state-owned insurer to cut insurance costs

July 3 2025

The political party has pledged to set up TasInsure to offer home, contents, small business, and event cover, if re-elected at the 19 July state poll.

mapfre-re-to-integrate-iceyes-flood-data-into-catastrophe-response

MAPFRE RE to integrate ICEYE’s flood data to strengthen catastrophe response

July 2 2025

The collaboration gives MAPFRE RE access to building-level flood data within hours of an event.

ica-australias-extreme-weather-losses-balloon-to-over-a1-8bn-in-2025

ICA: Australia's H1 nat cat losses amount to over A$1.8bn

July 2 2025

Ex-Tropical Cyclone Alfred accounted for three-quarters of the incurred losses at A$1.36bn.

suncorp-adopts-multi-year-structured-reinsurance-layer-with-profit-share-loss-cap

Suncorp trims reinsurance tower, maintains core structure after strategic review

July 2 2025

New structure aims to reduce earnings volatility and improve capital efficiency following a strategic review.

Mumbai-14Feb2020TheGatewayOfIndiaMonument

GIC Re shifts Lloyd’s syndicate 1947 management to Asta

July 1 2025

Asta, part of Davies Group, assumes full oversight and operational duties for the syndicate, effective 1 July.

IAG chief calls for long-term solutions, global reinsurance to help tackle rising nat cat risks

June 27 2025

Nick Hawkins says insurance is becoming increasingly inaccessible, particularly for those living in high-risk areas in Australia.

fitch-upgrades-credit-rating-of-pt-meritz-korindo-as-parent-support-offsets-underwriting-strain

Fitch upgrades Meritz Korindo's ratings as parent support offsets underwriting strain

June 25 2025

However, the insurer’s COR surged to 105% in 2024, driven by a spike in marine claims.

nsw-qld-commit-billions-to-disaster-resilience-amid-insurance-tax-burden

Australia's insurance industry welcomes new disaster funding

June 25 2025

State and federal governments have pledged billions to support flood-hit communities and help address rising insurance costs.

fitch-raises-outlook-on-asuransi-sinar-mas-despite-flat-underwriting

Fitch upgrades Asuransi Sinar Mas outlook to positive on stronger capital base

June 24 2025

Indonesian insurer's combined ratio rose in 2024, but Fitch cited strong capital buffers and business expansion as reasons for the outlook upgrade.

Sompo Hong Kong appoints Alasdair Walker as CEO

June 24 2025

Walker succeeds Li Sheung Kin, who is retiring after 24 years with the business.

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