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New Zealand's Tower Finalizes 2027 Reinsurance Program
New Zealand-based Tower Ltd. said it has renewed its fiscal 2027 reinsurance program, giving the insurer a higher catastrophe limit and increased coverage for a third catastrophe ...
Source: BestWire   Date: September 21, 2026
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Natural Hazard Losses Dent Suncorp's Fiscal 2026 Profit
Suncorp said in its current earnings statement. This was partly offset by prior-year reserve releases across the commercial and personal Injury portfolios. Suncorp said working ...
Source: BestWire   Date: August 12, 2026
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Suncorp Exceeds Natural Hazard Budget; CEO Returns From Medical Leave
Suncorp said in a statement. Suncorp also said its fiscal 2026 results briefing will be held on Aug. 12. The group's outlook for fiscal 2026, which ended June 30, is for underlying ...
Source: BestWire   Date: July 6, 2026
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 2026 Best's Rankings: Largest Asia-Pacific Insurers – 2026 Edition
Ranked by 2024 gross premium written.
Source: Rankings   Date: June 12, 2026
Suncorp Updates Outlook, Unveils Five-Year $1.72 Billion Reinsurance Cover
Suncorp said in a statement. The aggregate cover is an important component of Suncorp's reinsurance program, Jeremy Robson, acting chief executive officer, said in a statement. In ...
Source: BestWire   Date: April 24, 2026
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AM Best Affirms Credit Ratings of Tower Limited
Best assesses Tower's operating performance as adequate. The company has a track record of adequate operating performance, albeit with a moderate level of volatility due to ...
Source: Press Releases   Date: April 24, 2026
Best's Credit Rating Notification - Tower Limited
AM Best has made the following rating update: Company: Tower Limited AMB #: 089186 Current Best's Credit Ratings: Best's Financial Strength Rating (FSR): A- FSR Action: Affirmed ...
Source: Rating Actions   Date: April 24, 2026
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AM Best Affirms Credit Ratings of Tower Limited
Best assesses Tower's operating performance as adequate. The company has a track record of adequate operating performance, albeit with a moderate level of volatility due to ...
Source: BestWire   Date: April 24, 2026
Suncorp CEO Takes Temporary Medical Leave; CFO Appointed Acting Chief Executive
Telstra and the Queensland government, according to his bio. In February, higher natural catastrophe losses in Australia and lower investment returns led to sharply lower fiscal ...
Source: BestWire   Date: March 30, 2026
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Australian Catastrophes Weigh on Suncorp's Fiscal First-Half Result
Officer Steve Johnston said in a statement. Thunderstorms and widespread hailstorms hit the east coast of Australia, particularly southeast Queensland, through October and ...
Source: BestWire   Date: February 18, 2026
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ICA: Australia's Victoria Bushfire Claims Reach $140 Million
Victoria state, the Insurance Council of Australia said. The fires, burning through parts of Victoria since Jan. 7, generated 3,123 claims, the ICA said. The claims include ...
Source: BestWire   Date: January 28, 2026
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ICA Upgrades Australia's Victoria Bushfire Event to Insurance Catastrophe
The bushfires affected Victoria since Jan. 7, the ICA said at the time. The severe bushfire emergency included dozens of recorded fires, mainly in Victoria, which burned about ...
Source: BestWire   Date: January 16, 2026
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Suncorp Nears Fiscal Year Catastrophe Loss Budget With $890 Million in First Half
Australian insurer Suncorp Group Ltd. expects to take a fiscal first-half charge related to natural catastrophes as the group nears its budget limit following events that include ...
Source: BestWire   Date: January 12, 2026
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ICA Chair and Suncorp CEO Calls for Buyouts of High-Risk Properties
New Zealand the tactic is called managed retreat. It may be unpalatable but needs to be "part of the solution," said Johnston. The ICA and members have made inroads in nationally ...
Source: BestWire   Date: October 9, 2025
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Tower Lifts Earnings Outlook Ahead of Fiscal Year Close
Tower said in a filing with the New Zealand Stock Exchange. The revised outlook anticipates no large losses in September. The previous outlook assumed full use of Tower's large ...
Source: BestWire   Date: September 15, 2025
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Suncorp Posts Profit Rise on Divestitures, Lower Catastrophe Losses
Suncorp said in a statement. Working claims inflation began to moderate in some portfolios, particularly in New Zealand and motor, as repair capacity improved. Working claims in ...
Source: BestWire   Date: August 15, 2025
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Suncorp: 100 New Jobs Created by Opening North Queensland Regional Hub
Suncorp Group said it has created 100 jobs by opening a regional hub in North Queensland. The new Townsville offices were equipped to transform into a satellite disaster response ...
Source: BestWire   Date: July 22, 2025
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Allianz Australia Gains Competition Commission OK to Acquire RAAI
South Australia, the ACCC said. "Our investigation focused on the closeness of competition between RAAI and Allianz and the extent to which other insurers are competing effectively ...
Source: BestWire   Date: June 13, 2025
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Suncorp Weather Cat Losses Reach $720.8 Million
Queensland and New South Wales from Feb. 28 to March 12 (BestWire, April 23, 2025). Suncorp continues to invest in improving its capabilities to support customers as quickly and ...
Source: BestWire   Date: May 8, 2025
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AM Best Affirms Credit Ratings of Tower Limited
Best assesses Tower's operating performance as adequate. The company has a track record of adequate operating performance, albeit with a moderate level of volatility due to ...
Source: Press Releases   Date: April 25, 2025

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