The cost of war risk insurance through the Red Sea remained stable on Monday despite the sinking of the Rubymar cargo ship as underwriters had already factored in the casualty after it was first hit by a missile last month, …
Nine people have died in Australia after severe storms lashed the nation’s east coast on Christmas Day and Boxing Day, with the Bureau of Meteorology warning there is a risk of more flash flooding even as the weather system moves …
QBE Insurance Group announced a reinsurance transaction with legacy acquisition specialist Enstar, designed to de-risk the group’s exposure to portfolio reserves totaling US$1.9 billion. “This portfolio includes reserves primarily relating to North America and international financial lines, discontinued programs and …
Major insurers operating in New Zealand including Insurance Australia Group and Suncorp Group have cumulatively received over 9,000 claims so far following severe storms and flooding in and around the biggest city, Auckland. As of Monday morning, Suncorp’s Vero and …
Three of Australia’s “big four” banks settled separate class action lawsuits for A$126 million ($84.51 million) with Slater & Gordon, who took the banks to court two years ago over sale of credit insurance products, the companies said on Monday. …
QBE said it will begin writing business in the Netherlands, incepting from January 2023, now that it has received regulatory approval from the DNB (De Nederlandsche Bank). The company first announced its plans to launch a Dutch branch in June …
QBE announced the sale of select Irish casualty commercial insurance portfolios to the Ascot Group via a renewal rights transaction. The sale follows QBE’s decision earlier this year to conduct a phased withdrawal from underwriting certain Republic of Ireland-domiciled direct …
This edition of International People Moves details appointments at QBE Re and Liberty Mutual’s Global Risk Solutions. A summary of these new hires follows here. Killourhy to Take Helm at QBE Re, Succeeding Postlewhite QBE announced the appointment of Chris …
Hang Seng Bank Ltd., a Hong Kong-based lender majority owned by HSBC Holdings Plc, is seeking an insurance partner after its existing agreement with Australia’s QBE Insurance Group Ltd. expired, according to people familiar with the matter. Hang Seng Bank …
QBE has announced plans to set up a branch in the Netherlands as part of its European expansion plans. Recruitment is underway to fill a number of key roles for the Netherlands branch, across underwriting, claims, operations and finance, with …
