Canopius opens APAC office in Australia

Canopius opens APAC office in Australia

Canopius opens APAC office in Australia

Canopius has extended its global reach with the launch of an office in Sydney, Australia, to serve the Asia-Pacific region. Subject to regulatory approval, the local entity will open to underwrite business in time for the 30 June renewal season. The Sydney operation will also provide a local underwriting hub for business in Australia and New Zealand, targeting a combination…

Delta Insurance launches cyber cover for Asia-Pacific

Delta Insurance launches cyber cover for Asia-Pacific

Delta Insurance launches cyber cover for Asia-Pacific

New Zealand-based specialist insurer Delta Insurance has unveiled a cyber protection and insurance product for businesses in Asia-Pacific. The cyber protection element of the product has been developed in partnership with London-based cybersecurity firm DynaRisk. It will be marketed and distributed from Delta’s New Zealand and Singapore offices. And while the service is aimed at businesses in the region, it…

Australian mining firm wins $55m insurance payout

Australian mining firm wins $55m insurance payout

Australian mining firm wins $55m insurance payout

Kingsgate Consolidated, an Australian mining firm, has been awarded a $55m payout from a political risk policy it has with Zurich Insurance Australia, over the closure of its goldmine in Thailand. The goldmine, based in Chatree in the Thai provinces of Phichit and Phetchabun, is the largest in Thailand, with more than 1,000 employees. It was shut down in December…

HDI Global Specialty sets up aviation team in Australia

HDI Global Specialty sets up aviation team in Australia

HDI Global Specialty sets up aviation team in Australia

HDI Global Specialty Australia has appointed Jamie Bowes to head up its new general aviation team in Asia-Pacific. Mr Bowes was previously international aviation manager at QBE, a position he held for ten years. He will be based in Melbourne, where he will oversee creation of the new aviation team. “We are extremely pleased that we could get Jamie to…

New York, London and Hong Kong are top three financial centres

New York, London and Hong Kong are top three financial centres

New York, London and Hong Kong are top three financial centres

New York is still the leading financial centre in the world, followed by London and Hong Kong, according to the 25th Global Financial Centres Index, published by Z/Yen Partners and the China Development Institute. According to the index, New York remains in first place, just seven points ahead of London, with Hong Kong four points behind London in third. Singapore…

Zurich Australia launches M&A underwriting agency

Zurich Australia launches M&A underwriting agency

Zurich Australia launches M&A underwriting agency

Zurich Australia has teamed up with Fusion Specialty Insurance to launch a mergers and acquisitions (M&A) underwriting agency partnership. Under the terms of the collaboration, Zurich will delegate its underwriting authority to Fusion M&A, which will write warranties and indemnity insurance on its behalf. The agency will focus on supporting cross-border M&A transactions across Asia-Pacific. Fusion M&A is a subsidiary…

HDI Global Specialty acquires Neon’s bloodstock team

HDI Global Specialty acquires Neon’s bloodstock team

HDI Global Specialty acquires Neon’s bloodstock team

HDI Global Specialty has acquired Neon Underwriting’s bloodstock team and said more specialty acquisitions are likely. Mark Edwards, Neon’s head of specialty and class underwriter for bloodstock and livestock, will join HDI along with Cathy Olive, deputy class underwriter, and underwriters Laura Moore and William Jordan. The Neon team boasts a global book of business, writing bloodstock business in the…

JLT sells aerospace division to Gallagher to secure Marsh deal

JLT sells aerospace division to Gallagher to secure Marsh deal

JLT sells aerospace division to Gallagher to secure Marsh deal

Marsh & McLennan Companies (MMC) and JLT have agreed to sell the latter’s global aerospace operations to Arthur J Gallagher, in a move to secure EU regulatory approval for their $5.6bn deal. The sale will see all 250 of JLT’s aerospace staff move to Gallagher. The deal is subject to EC approval and is expected to complete this spring. MMC…

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