Property

Honey Insurance secures AU$108m in Series A funding

April 9 2024

Insurtech's AU$108m (US$71.3m) raise, led by Gallatin Point Capital, is Australia's third-largest Series A round for a tech company.

PERILS second industry loss estimate for Australia's Christmas Storms rises to AUD1.547bn

April 3 2024

AU$1.547bn (US$1bn) figure is an increase from PERILS's initial AU$1.395bn loss estimate, reported on Feb 14.

1.4 renewals see 'dramatic shift' toward ample property cat reinsurance capacity: Aon

April 2 2024

Aon says favourable conditions continued for cedents during 1.4 renewals, while spotlighting an increasing appetite for facultative solutions.

strata-community-association-fast-tracks-reforms-in-wake-of-insurance-broker-fee-controversy

SCA Australasia fast-tracks strata reforms in wake of insurance broker fee controversy

March 27 2024

SCA accelerates reforms and sets earlier start date for insurance disclosure guide following allegations of excessive brokerage fees by a strata management firm.

patrick-fyson-appointed-canopiuss-head-of-property-d-f-for-apac-and-mena

Patrick Fyson appointed Head of Property D & F for APAC and MENA at Canopius

March 27 2024

Fyson joins from Tokio Marine Kiln to head up Property Direct & Facultative across the regions.

tokio-marine-kiln-hires-jonathan-grossman-as-property-underwriter-in-singapore

Tokio Marine Kiln hires Jonathan Grossman as Property Underwriter Asia Pacific

March 25 2024

Grossman joins from Chubb New Zealand and has had previous underwriting roles at Liberty Specialty Markets and Allianz.

strata-insurance-services-under-fire-over-alleged-overcharging-of-insurance-brokerage-fees-report

Strata Insurance Services under fire for alleged overcharging of brokerage fees - report

March 23 2024

Parent company Netstrata facing heavy scrutiny over allegations of inflated insurance brokerage fees and engaging in kickback schemes, an ABC investigation reveals.

Australian Federal Court rules in favour of Auto & General in ASIC legal battle over policy terms

March 22 2024

Federal Court rules policy term, requiring notification of property changes, does not violate the ASIC Act.

nrma-and-suncorp-provide-premium-cuts-through-bushfire-resilience-app

NRMA and Suncorp provide premium discounts through Bushfire Resilience App

March 21 2024

Aussie insurers team up with Resilient Building Council to reward households with reduced premiums for improving bushfire resilience.

hk-profits-plummeted-in-2023-as-typhoons-medical-costs-and-reserves-collide

HK GI profits plummeted in 2023 as typhoons, medical costs, and reserves collide

March 13 2024

Despite a rise in GWP, 2023 proves challenging with big underwriting hits to accident & health, property, and pecuniary lines of business.

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