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- July 19 2024
Gallagher Re reshuffles APAC leadership as Mark Morley elevated to deputy chairman international
Mark O'Brien will take over as managing director of Asia Pacific, while Morley will continue to oversee the region as chairman for APAC.
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- July 18 2024
LM Re sets up in Australia with Aon’s Mark De La Mare in charge
The Liberty Mutual reinsurer will replace ARUS MGA that previously managed its Australasia portfolio written through Lloyd’s.
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- July 17 2024
Allianz makes US$1.6bn offer for 51% of Singapore’s Income Insurance
The offer is subject to the approval of the shareholders of Income Insurance for the amendments to the constitution and the proposed name change.
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- July 15 2024
Peak Re promotes David Menezes as chief risk officer
Hong Kong-based Menezes has been serving as the deputy chief risk officer at the global reinsurer since September 2022.
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- July 3 2024
Beazley promotes APAC head Lucien Mounier as Europe cyber risks leader
Mounier, who headed the Lloyd's insurer in the region for six years, has relocated to Barcelona in his new role.
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- June 28 2024
IAG secures US$2.8bn 5-year nat cat cover and US$450m long-tail reserve protection
The Australian insurer has bought the additional reinsurance protection from Berkshire Hathaway and Canada Life Re, while the long-tail adverse development cover is provided by Enstar.
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- June 26 2024
Mitsui Sumitomo plans to merge continental European subsidiaries
The Japanese insurance group has announced that it will integrate MS Amlin Insurance and MSIG Insurance Europe by summer next year.
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- June 26 2024
Zurich aims to grow India headcount 40% following Kotak acquisition: report
In three years, the insurer will hire people in commercial underwriting, distribution and digital development, according to APAC chief executive Tulsi Naidu.
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- June 26 2024
‘Normalcy’ returns to Australia, New Zealand 1.7 renewals
Property cat renewals are seeing relatively flat pricing on bottom and middle layers and small risk-adjusted decreases in top layer pricing, brokers tell InsuranceAsia News.
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- June 25 2024
Oneglobal takes Gallagher’s Andrew Ko for greater China push
With 28 years of experience, Ko has joined the broker as executive director in the Hong Kong office.
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- June 25 2024
Exclusive: Gallagher retreats from Japan a year after launch
The broker closed its wholesale broking business in May while the retail agency business is expected to close by end of this month, InsuranceAsia News understands.
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- June 24 2024
Steadfast promotes Nick Cook and hires Swiss Re veteran Mark Senkevics
The senior management rejig at the Australian broker gives Cook a broader role across Australasian networks, broker and insurer services, as it brings in Senkevics to oversee MGAs, reinsurance and life. It also names new heads of operations and IT.
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- June 24 2024
Australian cyclone pool kicks off strata premium rate review
The main change being considered is the introduction of mitigation discounts on wind premium rates for eligible strata policies to improve incentives to reduce and mitigate risk.
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- June 19 2024
QBE elevates Jeremy Lau to Asia chief underwriting officer
Hong Kong-based Lau will report to Asia chief executive Robert Kosova and the carrier’s international chief underwriting office Nick Hankin.
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- June 19 2024
Japanese non-life carriers’ FY 2024 ordinary profits more than doubled: FSA
The total net premiums written by the big-three Japanese insurance groups combined stood at US$81 billion for the fiscal year ended March 2024, data from the regulator shows.
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- June 13 2024
KFINCO vulnerable to cyclical construction sector, economy: Fitch
The ratings agency affirmed Korea Finance for Construction Insurance's financial strength rating at 'A' (strong), with a stable outlook.
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- June 13 2024
Nova Insurance sees ‘unique’ greater China proposition driving growth
The independent Hong Kong broker is considering both organic and inorganic routes to expand its presence across business lines in the SAR and mainland China, says managing director Patrick Chan.
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- June 10 2024
AUB picks up 40% stake in UK retail broking network Momentum
The deal gives the Australian intermediary access to an authorised representative network with over 100 partners placing more than US$114m in premium.
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- June 10 2024
Miller eyes Japan non-marine buildout with senior hire
The specialist broker has appointed Tokinori Kono as head of non-marine broking at its Japanese unit, Lead Insurance.
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- June 6 2024
New Zealand EQC secures record US$5.7bn reinsurance cover
The country's earthquake commission has increased its total cover by US$620m year-on-year, including the US$135m cat bond placed last year, at the June 1 renewals.
