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Corporate

Vero survey shows underinsurance risks

30 May 2022

Suncorp insurer Vero has released survey data showing more than half of SMEs say they aren’t completely covered for all business risks and a high number of those have no plan for what they would do if they experienced a major negative event...

Tower hit by doubling of large event costs

30 May 2022

New Zealand’s Tower says its gross written premium jumped 11% in the first half, though its large event costs almost doubled after the January eruption of the Hunga Tonga–Hunga Ha'apai volcano, February’s Cyclone Dovi and March rains in the North Island...

Youi set to enter SA CTP market

23 May 2022

SA motorists will have another compulsory third party insurance option, as Youi enters the state’s market from July 1...

Helio Restoration launches in Australia

23 May 2022

Property repair services provider Helio Restoration has launched in the market, focusing on helping insurance businesses and their customers with water damage and other peril types...

Fusion Specialty expands in US with M&A cover

23 May 2022

Underwriting agency Fusion Specialty has launched mergers and acquisitions (M&A) cover targeting SMEs in the US and has plans to introduce further products into the market...

BMS expanding operations in New Zealand

16 May 2022

UK-based insurance and reinsurance broker BMS Group says it has started operations in New Zealand with the establishment of BMS Risk Solutions...

Genworth sees higher home values buffering claims

16 May 2022

Australia’s leading provider of lenders mortgage insurance expects mortgage delinquencies to gradually increase this year and for claims incurred to rise to more normal levels, though it says improved borrower equity from a jump in house prices should provide a “helpful buffer” for the insurer...