Mid-year renewals have further consolidated the positive trends at 1 January and 1 April 2024, setting the stage for a more competitive reinsurance market in 2025, said Aon, a leading global professional services firm providing a broad range of risk, retirement and health solutions.
Argenta Holdings yesterday announced that the Sydney office of its service company, Argenta Underwriting Asia, which operates on the Lloyd's Australia platform, will close with immediate effect.
Suncorp Group has said that it welcomes the Federal Treasurer's approval of the proposed purchase of Suncorp Bank by ANZ Banking Group under the Financial Sector (Shareholdings) Act (FSSA).
Around 2.6m Australians currently without health insurance coverage are interested in obtaining it, according to financial services research firm Investment Trends.
Managing director of HDI Global (HDI), Mr Stefan Feldmann, will now be fully responsible for both commercial and specialty business in Australia and New Zealand. He has been managing director of HDI Global Australia since 2012. His new responsibilities are subjective to regulatory approval and effective 1 July 2024.
According to life insurer TAL's blog, "vaping is generally considered by insurers the same as smoking".
Arch Insurance (Arch) has appointed Ms Amanda Seng as Southern Region property underwriting manager, a newly created role. In her new role, she will be responsible for managing the underwriting activities across Arch's property portfolio for the Southern Region. She will also oversee product development.
ProRisk has appointed Ms Deborah Lazarus as general counsel and senior claims specialist. Over the course of her career, she has worked in senior roles at large insurers, in financial lines claims, as well as a special counsel in insurance litigation within private legal practice.
Australian Reinsurance Pool Corporation (ARPC) is in the process of reviewing the current Cyclone Reinsurance Pool premium rates and is considering minor changes that would be applicable from 1 April 2025.
Steadfast Group (Steadfast) has appointed Mr Nick Cook as executive general manager - Australasian networks, broker and insurer services; Mr Mark Senkevics as executive general manager - underwriting agencies, alternative risk transfer (ART), reinsurance and life, effective 1 July 2024 and Ms Meagan Jeffery as executive general manager - technology & information, effective 8 July 2024.