Premium discounts recognising cyclone mitigation measures have reached A$9.7m ($6.8m) across homes reinsured by the Cyclone Reinsurance Pool, according to the latest quarterly statistics released by the Australian Reinsurance Pool Corporation (ARPC).
Aon has announced two leadership appointments for Japan Global Solutions (JGS), a global that brings together the firm's integrated risk and human capital capabilities to help Japanese multinational clients respond to changes in their domestic market while continuing to expand internationally.
Mitsui Bussan Pana Harrison has announced the appointment of Ms Alice Lim as Head of General Insurance.
South African financial services group Sanlam, acting through its subsidiary Sanlam Life, has made a cash offer to buy out all ordinary shares of Santam that it does not already own, turning its majority ownership of the company to full ownership, according to a joint stock exchange statement issued by Sanlam and Santam.
The Malagasy Government, through the Emergency Management Prevention and Support Unit (CPGU) at the Prime Minister's Office, and the Ministry of Economy and Finance (MEF), brought together technical and financial partners to discuss establishing a multi-year, predictable, and sustainable financing mechanism for sovereign insurance premiums within the framework of the Global Shield.
Following Mr Tomas Kunzmann's appointment to the Allianz SE Board of Management, Allianz Group has announced Mr Philipp Kroetz as the new CEO of Allianz Partners.
Arab insurance leaders have made a collective call at the opening yesterday of the 35th GAIF General Conference (GAIF35) to the insurance industry to return to core values, embrace digital innovation and bolster regional cooperation in an increasingly complex risk landscape.
Everest Group has promoted Ms Nandini Mani to the role of Senior Vice President, Group Chief Claims Officer.
The Insurance Development and Regulatory Authority (IDRA) has initiated steps to clear unpaid claims and improve governance and accountability in the insurance sector.