GI: Commercial

Crawford Australia promotes Matt Donnelly

May 13 2024

Donnelly takes on new role as Head of Global Technical Services (GTS), Australia, having rejoined the loss adjuster in September.

China Construction Bank sued over alleged role in facilitating Vesttoo reinsurance fraud

May 11 2024

US insurer Porch Group sues CCB, alleging its employees colluded with Vesttoo on fake letters of credit.

NSW takes step toward lower property insurance premiums with introduction of Insurance Monitor Bill

May 10 2024

Bill looks to reduce premiums by replacing emergency services levy, with an independent body also appointed to ensure savings are passed on to insureds.

senate-inquiry-calls-for-government-support-to-address-australias-live-music-insurance-crisis

Senate inquiry calls for government support to help address Australia's live music and festival insurance crisis

May 10 2024

Changing risk appetite have seen insurance premiums rise as much as ten times.

OCBC bids S$1.4bn to take Great Eastern private

May 10 2024

US$1.03bn bid for the remaining 11.56% stake forms part of plan to delist insurer from the Singapore Exchange.

Australia's Guild Insurance has ratings affirmed as business shows improvement in expense ratio

May 10 2024

Insurer has seen fluctuations in operating performance in recent years.

generali-hk-partners-with-ngo-and-school-to-help-support-over-50-vulnerable-families

Generali HK partners with NGO and school to help support vulnerable families

May 10 2024

Generali Hong Kong partners with OneSky and Kowloon Tong School in social initiative to help over 50 families.

carbon-credit-insurer-oka-enters-australian-market-through-clima-and-psc-partnerships

Carbon credit insurer Oka enters Australian Market with Clima and PSC partnerships

May 10 2024

Oka announces international debut through partnership with carbon solutions platform Clima, with PSC Paragon helping to distribute the solutions.

indias-go-digit-general-insurance-set-for-15-may-ipo

India's Go Digit set for 15 May IPO

May 10 2024

Insurtech aims to raise funds to strengthen capital base.

Queensland's RACQ considering sale of insurance division - report

May 9 2024

Insurer reportedly re-engages Bank of America for sales process following an unsuccessful sale attempt to IAG in 2022/23.

Early May forecast predicts reduced 2024 typhoon activity for Northwest Pacific region

May 9 2024

TSR forecasts a potential 20% drop in 2024's Northwest Pacific typhoon activity compared with 30-year average.

australias-cyclone-reinsurance-pool-achieves-significant-coverage-but-still-faces-challenges-in-lowering-premiums

Cyclone Pool achieves broad coverage but some questions remain over premium reductions

May 9 2024

Pool reaches 95% coverage of eligible risks; however, data quoted by ARPC on premium reductions appears to conflict with findings from the ACCC and ACIL.

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25 September