Strategy

iag-overhauls-reinsurance-program-to-limit-nat-cat-volatility-over-next-five-years

IAG overhauls nat cat reinsurance program to mitigate volatility

June 28 2024

Five-year program includes volatility cover from Berkshire Hathaway and Canada Life, which would see FY25 peril costs limited to AU$1.283bn in 90% of modelled scenarios.

AXA XL elevates Yannick Daucourt to Global CUO for Specialty Niche

June 28 2024

Daucourt has been serving as Chief Underwriting Officer, Specialty for APAC and Europe since October 2020.

federal-treasurer-approves-sales-of-suncorp-banking-arm-for-au4-9bn

Suncorp's AU$4.9bn sale of banking arm gets final nod from Federal Treasurer

June 28 2024

AU$4.9bn (US$3.25bn) deal will help Suncorp focus on insurance challenges like climate change and affordability, says Suncorp CEO.

FWD Singapore agrees deal for motor insurance to be underwritten by Income - report

June 28 2024

Deal will see FWD act as agent, with customers likely to face 15 to 30% premium hikes.

Prudential Singapore appoints Citi exec as new CEO

June 27 2024

Chan San San set to lead Singapore operations from September 2024, pending regulatory approval.

Woori to acquire Tongyang and ABL Life from China's Dajia Insurance Group - report

June 27 2024

US$2.2bn deal would see South Korean financial conglomerate pull out of other proposed acquisitions, including Lotte Insurance.

SBI General Insurance names Naveen Chandra Jha as MD and CEO

June 27 2024

Jha nominated by State Bank of India, SBI General's parent company.

Korean insurers to prioritise CSM-friendly products to help drive profitability: Fitch

June 26 2024

Profits to stabilise following full implementation of IFRS 17, so insurers likely to prioritise protection-type and long-term products.

zurich-agrees-deal-to-acquire-aigs-global-travel-insurance-business-for-us600m

Zurich agrees deal to acquire AIG’s global personal travel insurance business for US$600m

June 26 2024

Transaction is expected to close by year-end, with enlarged Cover-More Group projected to generate GWP of US$2bn annually.

BMS Australia launches agriculture business led by Ceri Martin

June 26 2024

Martin joins as Head of Agriculture to lead expansion of the new division.

Feldmann earns expanded role as HDI Global’s Managing Director for ANZ

June 26 2024

Feldmann has served as Australia's MD since 2012 and will now oversee commercial and specialty business across Australia and New Zealand.

hdi-global-launches-cyber-in-australia-with-appointment-of-natalie-miladinski

HDI Global launches Australian cyber presence with appointment of Natalie Miladinski

June 26 2024

Sydney-based Miladinski joins from Chubb as Cyber Underwriting Manager for the Asia Pacific region.

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