• Mega cargo vessels present growing claims issues for Asia ports

    Cargo from mega vessels is exposed to potentially higher risks by staying in ports longer, increasing the prospect of claims in relation to theft, delays in delivery, flooding, defrosting and container damage.

  • RBNZ invites submissions for final round of consultations over insurance supervision

    The regulator started a review of the Insurance (Prudential Supervision) Act in 2017 as it seeks to establish a "more proactive and intensive approach".

    The regulator started a review of the Insurance (Prudential Supervision) Act in 2017 as it seeks to establish a "more proactive and intensive approach".

  • Pen Underwriting makes senior level hires in Australia

    Dean West has been appointed national construction and engineering manager and Hun Kim joins as chief actuary.

    Dean West has been appointed national construction and engineering manager and Hun Kim joins as chief actuary.

  • MG Insurance majority owner files fresh lawsuit to stop sale: report

    Korea Deposit Insurance Corporation had hired Samjeong KPMG to run the sale of the troubled carrier and had set an October 5 deadline for bids.

    Korea Deposit Insurance Corporation had hired Samjeong KPMG to run the sale of the troubled carrier and had set an October 5 deadline for bids.

  • Suncorp expects December tribunal hearing on blocked ANZ bank sale with decision in February

    Pending all approvals including from the Australian Competition Tribunal, the group sees a potential sale completion in the middle of 2024, chairman Christine McLoughlin says.

    Pending all approvals including from the Australian Competition Tribunal, the group sees a potential sale completion in the middle of 2024, chairman Christine McLoughlin says.

  • Korean non-life premiums to grow 4.4% to US$94bn in 2023: Korean Re

    The growth will be supported P&C lines including liability and fire with overall premiums expected at rise 7%, the reinsurer said.

    The growth will be supported P&C lines including liability and fire with overall premiums expected at rise 7%, the reinsurer said.

  • ICICI Lombard names Sanjeev Mantri as MD and CEO

    Current CEO Bhargav Dasgupta is set to join the Asian Development Bank as vice president – market solutions.

    Current CEO Bhargav Dasgupta is set to join the Asian Development Bank as vice president – market solutions.

  • Lotte Insurance’s private equity owner to kick off sale process: report

    Majority owner JKL Partners has scripted a turnaround for the carrier since a 2019 purchase, but buyers have concerns over whether the robust earnings of carriers under IFRS17 are sustainable.

    Majority owner JKL Partners has scripted a turnaround for the carrier since a 2019 purchase, but buyers have concerns over whether the robust earnings of carriers under IFRS17 are sustainable.

  • PARIMA Tokyo conference to deliberate on the future of risk management

    The conference, themed ‘Adapting to Permacrisis’, will draw senior risk and insurance professionals from around Asia Pacific.

    The conference, themed ‘Adapting to Permacrisis’, will draw senior risk and insurance professionals from around Asia Pacific.

  • Philippines proposes new 2% tax on non-life premiums: report

    The proposed new bill also aims to impose a one-time documentary tax stamp for insurance policies exceeding US$1,800.

    The proposed new bill also aims to impose a one-time documentary tax stamp for insurance policies exceeding US$1,800.

  • Chubb appoints Nikki Quain as New Zealand deputy property manager

    Auckland-based Quain most recently worked at BHSI and has also had stints at Vero and AIG.

    Auckland-based Quain most recently worked at BHSI and has also had stints at Vero and AIG.

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