Professional indemnity Archives - InsuranceAsia News https://insuranceasianews.com/industry_segments/professional-indemnity/ Thu, 10 Oct 2024 03:39:50 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 Newline continues Sydney expansion with Bec Smith hire https://insuranceasianews.com/newline-continues-sydney-expansion-with-bec-smith-hire/ Thu, 10 Oct 2024 03:35:32 +0000 https://insuranceasianews.com/?p=164559 Smith will join the Lloyd's coverholder as professional indemnity underwriter, reporting to Australia head of the line Nick Beswick.

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Specialty Lloyd’s coverholder Newline has appointed Bec Smith as an underwriter for its professional indemnity (PI) team based in Sydney, reporting to Australia head of PI Nick Beswick, according to a...

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]]> Conduct exclusion wordings get scrutinised as Segantii’s insider dealing case unfolds https://insuranceasianews.com/conduction-exclusion-wordings-get-scrutinised-as-segantiis-insider-dealing-case-unfolds/ Tue, 27 Aug 2024 23:30:15 +0000 https://insuranceasianews.com/?p=160425 Ongoing criminal proceedings against one of Asia’s oldest hedge funds have highlighted the need for managers to constantly review policy coverage, limits and carriers' claims handling capability, according to financial lines underwriters.

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The insider dealing probe into Hong Kong-based Segantii Capital will cause managers to focus more on policy wordings for conduct exclusion and quality of coverage, even though the shutting down of one...

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]]> Insurers in Asia need to heed shadow banking warning https://insuranceasianews.com/insurers-in-asia-need-to-heed-shadow-banking-warning/ Tue, 16 Jul 2024 23:30:39 +0000 https://insuranceasianews.com/?p=158244 Given the scale of the casualty offering which has been rolled out to financial institutions across Asia in recent years, it would be surprising if more fall-outs don’t emerge given the volatile nature of many of the risks assumed by the sector.

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When a board member at one of the major international banking groups voices their concerns about the sector, it would be remiss not to sit up and take notice. Thus it was with interest that I read com...

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]]> Australian MGA Artisan Underwriting partners with Liberty Specialty Markets on finpro cover https://insuranceasianews.com/mga-artisan-underwriting-partners-with-liberty-specialty-markets-to-provide-sme-finpro-cover-in-australia/ Sun, 07 Jul 2024 22:00:07 +0000 https://insuranceasianews.com/?p=157593 The MGA, set to launch in August, has signed a three-year binding agreement with the specialty insurer to provide financial lines cover for start-ups and SMEs.

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Australian managing general agent (MGA) Artisan Underwriting, which is set to launch in August, has signed a three-year binding agreement with Liberty Specialty Markets to provide financial lines cove...

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]]> Gallagher’s Pen Underwriting promotes Louise Soutter to professional risks manager in Australia https://insuranceasianews.com/gallaghers-pen-underwriting-promotes-louise-soutter-to-professional-risks-manager/ Thu, 20 Jun 2024 04:18:02 +0000 https://insuranceasianews.com/?p=156400 Brisbane-based Soutter was most recently a senior underwriter focused on cyber and excess professional indemnity for the MGA.

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Gallagher-owned specialist managing general agent (MGA) Pen Underwriting has promoted Louise Soutter to the role of professional risks underwriting manager in Australia, according to a company announc...

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]]> Vero bolsters professional and financial lines team with four hires https://insuranceasianews.com/vero-bolsters-professional-and-financial-lines-team-with-four-hires/ Fri, 14 Jun 2024 04:23:06 +0000 https://insuranceasianews.com/?p=156010 Uma Singh, Cem Ulutas, Rob Lee and Shaun Thistlethwaite have joined the Australian carrier covering New South Wales and the Australian Capital Territory.

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Suncorp-owned Australian commercial insurer Vero has expanded its professional & financial risks team, with four underwriting hires covering New South Wales and the Australian Capital Territory, a...

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]]> Markel’s Australian finpro build out bets on ‘harder’ mid-market PI https://insuranceasianews.com/markel-finds-pockets-of-profitability-in-australia-harder-pi-mid-market/ Wed, 01 May 2024 23:30:22 +0000 https://insuranceasianews.com/?p=152889 The carrier aims to grow its onshore footprint in the professional indemnity market in the next two to three years with “a real spread of risks” and eventually expand its portfolio into other financial lines segments when markets turn.

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The Australian professional indemnity (PI) has bucked the overall softening trend seen in the broader D&O corporate and cyber businesses and remains “the harder part of the market”, according to K...

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]]> Boutique finpro brokerage PLI Brokers launches in Australia https://insuranceasianews.com/boutique-finpro-brokerage-pli-brokers-launches-in-australia/ Thu, 18 Apr 2024 21:00:48 +0000 https://insuranceasianews.com/?p=152071 The brokerage, founded by Melbourne-based managing director David Martin, will offer financial services and accounting professions products.

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Professional Lines Insurance Brokers (PLI) has launched in Australia, according to a LinkedIn update by Melbourne-based founder and managing director David Martin.
Before starting his new business Mar...

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]]> Markel launches PI cover in Australia with localised wordings https://insuranceasianews.com/markel-launches-pi-cover-in-australia-with-localised-wordings/ Tue, 02 Apr 2024 04:07:41 +0000 https://insuranceasianews.com/?p=150711 The carrier will write professional indemnity policies for Australian-domiciled businesses across six sectors including construction, accounting, insurance and media.

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Specialty insurer Markel has launched professional indemnity (PI) insurance in Australia with localised wordings, marking its first products for the market following the opening of three local offices...

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]]> Newline grows Australia footprint with Sydney office https://insuranceasianews.com/newline-grows-australia-footprint-with-sydney-office/ Mon, 25 Mar 2024 04:04:23 +0000 https://insuranceasianews.com/?p=149261 The Lloyd's (re)insurer has appointed Nicholas Beswick in Sydney as head of professional indemnity for Australia and New Zealand.

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Specialty (re)insurer Newline has expanded its Australia operations with a Sydney branch and appointed Nicholas Beswick, who will work from the new office, as head of professional indemnity for Austra...

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