Hannover Re benefits from significant retrocession relief in 2021
German reinsurer Hannover Re booked gross losses from natural and man-made losses of approximately €2.65 billion in 2021, but its...
News
Standard definitions in focus as denials expected
The definition of storm and other perils should be standardised in insurance policies and reforms should also focus on improved...
'Get this sorted': insurers welcome PM's flood resilience pledge
Prime Minister Scott Morrison says the Federal Government will fund urgently needed resilience measures as claims for the east coast...
CA ANZ consults on NZ income insurance scheme
“New Zealand has over 25,000 chartered accountants embedded in every level of business, from sole public practitioners to CFOs, so...
Business NSW says insurance is biggest negative cost
Business NSW says its members have named insurance as their biggest negative cost driver. The independent, member-based organization...
Tandem boss: "We need to step up and we need to add value"
“It’s a slow process, but for me it’s not a short-term goal. It’s going to take a few years to...
Storms and floods see IAG utilise $95m of its aggregate reinsurance
Australian primary insurer IAG expects to incur net costs of around AUD 74 million for the storm and flooding event...
Revealed: Insurance Business Elite Women 2022
Afterwards, the IBNZ team asked the nominators to describe the nominees’ standout professional achievements over the past 12 months, along...
Lockton launches new advisory business
Lockton Pacific CEO Paul Marsden said LA will initially focus on reinsurance (treaty and facultative), MGA solutions including placement, capital...
ARC payout helps Madagascar with post-cyclone Batsirai reconstruction
The African Risk Capacity (ARC) has now presented the Government of Madagascar with a “symbolic” $10.7 million cheque after the...
