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Singapore’s (re)insurance sector looks beyond Covid
Overseas talent has remained in the Lion City although another partial lockdown could derail this.
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Singapore’s (re)insurance sector looks beyond Covid
Overseas talent has remained in the Lion City although another partial lockdown could derail this.
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Starr acquires FPG’s Thai operations
The firm will strengthen local product offerings with tailored commercial insurance and A&H cover.
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Malaysian insurers predict ‘substantial’ price increases due to floods: study
On average around 10% of economic losses are covered, a new report reveals.
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Lockton sees record 27% YOY growth as APAC expansion continues
The broker has enlarged its footprint in Australia, New Zealand and Macau.
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Petronas’ captive rating boosted by favourable COR: AM Best
Energas Insurance has has a five-year average combined operating ratio of 66%.
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Raheja QBE and Paytm M&A deal ‘terminated’
The deal to acquire 100% of the company was first signed in the summer of 2020.
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Marsh appoints new Taiwan CEO
Current chief executive Jerry Mao moves into chairman role.
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IRDAI changes reporting rules for foreign reinsurers and Lloyd’s
There are now fewer reporting requirements.
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Cyber capacity in Asia keeps shrinking as rates harden
By some estimates capacity has shrunk by 50% over the past two years.
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China to set up multi-disaster nat cat system
A CBIRC-run protection scheme currently provides around US$94bn of protection.
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AUB gains Asia, Lloyd’s scale with Tysers deal
Around 17% of Tysers' GWP last year came from Asia as it looks to double headcount in Singapore.
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Swiss Re upbeat on Asia despite Q1 losses
The reinsurer took a hit from nat cats in Australia, but Victor Kuk sees demand recovery in Asia.
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Allianz’s climate shift to be felt in APAC
Oil and gas capacity is set to shrink faster amid war in Ukraine and dire warnings from the IPCC.
Evolving Insurance Ecosystem in the APAC Region
Anita Sun-Young Bong, EY Asia
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Customers are responding positively to several key initiatives in the region.
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Russell Higginbotham, Swiss Re's CEO Reinsurance Asia, discusses the impact of climate change for life and health (re)insurers in the region.
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Asia’s top P&C insurers grew non-life books by 3.7% in 2021 despite Covid headwinds
Top 10 players booked US$279bn in 2021, according to IAN analysis.
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Singapore posts 8% P&C premium growth in 2021
Onshore premiums reached US$2.4bn as the market showed a strong recovery.
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Claims dent profits at HK insurers
Axa retained its crown as the city’s biggest general insurer, but the market saw profits fall 19%.
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Covid exposure hurting Thai insurers
Exposure to the policies caused several insurers to collapse even before Omicron hit in January.
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China P&C grew just 1% in 2021
Covid, motor reforms and a property crisis combined to create worst ever year for sector.
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Takaful resilience on display in 2021
Islamic insurance products in Indonesia and Malaysia grew much faster than conventional insurance.
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Asian aviation – gearing up for recovery
Andy Pickford, McLarens
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Marsh appoints new Taiwan CEO
Current chief executive Jerry Mao moves into chairman role.
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Peak Re’s David Menezes to succeed Eckart Roth in risk role
CRO Roth is retiring in September after a 30 year career.
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HDI Global Specialty names head of aviation for Australia, NZ
Dylan Jones has been promoted from his role as a senior underwriter.
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Aon Hong Kong appoints new CEO: sources
IAN understands the senior insurer executive will join the broker on August 1.
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Arch Australia bolsters professional lines with two promotions
Aisling Hegarty and Steven Gaitanis assume managerial responsibilities for underwriting.
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Azure Risk expands with hire from Pacific Prime
Tanya Venkatraman has taken on the role as corporate business development manager.
An alternative way to weather the hard market
Jonathan Rake, Swiss Re Corporate Solutions