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Hannover Re’s APAC FY 2023 revenue stays flat at US$2.25bn
While it has scaled back its business in select markets such as China, certain South-East Asian markets and South Korea to increase the profitability of its portfolio, it has grown its revenues in markets like India and Australia.
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Swiss Re elevates Amitabha Ray as India CEO
Mumbai-based Ray takes over from Hadi Riachi, who is moving to Swiss Re CorSo as head of global underwriting centre.
Swiss Re elevates Amitabha Ray as India CEO
Mumbai-based Ray takes over from Hadi Riachi, who is moving to Swiss Re CorSo as head of global underwriting centre.
Mumbai-based Ray takes over from Hadi Riachi, who is moving to Swiss Re CorSo as head of global underwriting centre.
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Cathay Century returns to profitability in 2023 on strong premium growth, lower claims
Taiwan's second largest non-life insurer's premiums written grew 14.5% to US$1bn while claims payout dropped 22%.
Cathay Century returns to profitability in 2023 on strong premium growth, lower claims
Taiwan's second largest non-life insurer's premiums written grew 14.5% to US$1bn while claims payout dropped 22%.
Taiwan's second largest non-life insurer's premiums written grew 14.5% to US$1bn while claims payout dropped 22%.
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Lockton expands India leadership team with three Aditya Birla Insurance Brokers hires
Mukul Bhatia has been appointed managing director, Irfan Shirwani has joined as managing director of placement and claims, and Prasanna Hunur has started as senior director of sales.
Lockton expands India leadership team with three Aditya Birla Insurance Brokers hires
Mukul Bhatia has been appointed managing director, Irfan Shirwani has joined as managing director of placement and claims, and Prasanna Hunur has started as senior director of sales.
Mukul Bhatia has been appointed managing director, Irfan Shirwani has joined as managing director of placement and claims, and Prasanna Hunur has started as senior director of sales.
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Australian MGA Agile gets nod to launch Asta-managed Lloyd’s syndicate
Syndicate 2427 plans to start services in April and has appointed Mark Hunt as active underwriter; it is targeting a GWP of US$43.4m for 2024.
Australian MGA Agile gets nod to launch Asta-managed Lloyd’s syndicate
Syndicate 2427 plans to start services in April and has appointed Mark Hunt as active underwriter; it is targeting a GWP of US$43.4m for 2024.
Syndicate 2427 plans to start services in April and has appointed Mark Hunt as active underwriter; it is targeting a GWP of US$43.4m for 2024.
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Ping An P&C improves underwriting with reduced credit and guarantee exposure, new motor policies: AM Best
The rating agency has affirmed the insurer rating of A (excellent) with a stable outlook.
Ping An P&C improves underwriting with reduced credit and guarantee exposure, new motor policies: AM Best
The rating agency has affirmed the insurer rating of A (excellent) with a stable outlook.
The rating agency has affirmed the insurer rating of A (excellent) with a stable outlook.
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Richard Klipin succeeds Phil Kewin as NIBA CEO
Kewin will remain as CEO in the interim until Klipin assumes his role in end-May.
Richard Klipin succeeds Phil Kewin as NIBA CEO
Kewin will remain as CEO in the interim until Klipin assumes his role in end-May.
Kewin will remain as CEO in the interim until Klipin assumes his role in end-May.
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Japan’s big three to improve motor COR to 95% by 2026: Jefferies
The improvement will be driven by premium hikes, efficiency gains and lower expense ratio, according to a report by the investment bank.
Japan’s big three to improve motor COR to 95% by 2026: Jefferies
The improvement will be driven by premium hikes, efficiency gains and lower expense ratio, according to a report by the investment bank.
The improvement will be driven by premium hikes, efficiency gains and lower expense ratio, according to a report by the investment bank.
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Gallagher Re promotes Sie Liang Lau to head APAC cyber team
In the newly created role Sie will oversee reinsurance broking covering APAC.
Gallagher Re promotes Sie Liang Lau to head APAC cyber team
In the newly created role Sie will oversee reinsurance broking covering APAC.
In the newly created role Sie will oversee reinsurance broking covering APAC.
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India 1.4 renewals likely to be smooth but structures remain a sticking point
Proportional capacity is drying up, but reinsurers remain open to quota shares for select cedents and pushing for whole account XL protections.
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(Re)insurers embrace generative AI for better underwriting, claims management
Early adopters are exploring the use of AI tools across the entire insurance value chain, including portfolio accumulation, risk quoting, and risk management.
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Japan’s latest rocket launch loss unlikely to hit international markets
The space (re)insurance market that suffered a bruising 2023, with a heavy loss experience that ripped through its premium base, spared the claims from the failed experimental launch.
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Asian W&I market gears up for a deal rebound but soft market persists
Though valuation mismatches remain a hurdle to a full recovery in M&A activity, underwriters in the region believe that rates may have bottomed out and there will soon be a normalisation in pricing.
Spotlight
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Gallagher plans APAC fac buildout with Singapore, Sydney hubs
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Aon ‘doubling down’ on India with treaty team build out
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Howden plans to make ‘a big and permanent splash’ in APAC: M&A chief
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Nexus sees continued growth in structured solutions across Asia
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TMK’s Spyropoulos: We are so much more than a property D&F specialist
M&A
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Honan COO Laurence Basell to lead strategy for Marsh Australia and New Zealand
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PSC Insurance confirms buyout talks with strategic partners
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Rothbury Group acquires Steadfast-owned Kiwi broker Austinsure
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Steadfast H1 revenue grows 19% to US$517m
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Indian regulator approves Aon’s acquisition of Global Insurance Brokers
ESG
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Tokio Marine sets decarbonisation goal for 60 emission-heavy companies
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Hong Kong Federation of Insurers commits to carbon neutrality by 2050 with climate charter
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Activists target Asian insurers lagging on climate action
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Insurers lobby for removal of green infrastructure investing roadblock
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Taiwan’s green power credit guarantee to mitigate default risk, eases up project financing: Fitch
Industry insights and in-depth analysis
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Insurtech: Every single facet of the insurance value chain is about to be re-imagined by AI, with only a question of when and how fast it takes place.
David Lynch, bolttech