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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.
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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".
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
Popular posts:
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APAC carriers’ coal jitters sees excess capacity shift to renewables, gas
Regional (re)insurers are replacing ESG-hit premiums by increasing business from greener energy projects, potentially driving down rates.
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Ominous start to spring weather in Australia, New Zealand puts (re)insurers on high alert
Bushfires, an El Niño declaration, record rain, landslides, heavy snow and an earthquake in the last few days point to busy six months ahead for claims' handlers.
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China-Taiwan woes put pressure on marine (re)insurance market
Lack of data for accumulation risks and unavailability of a maximum loss scenario are real concerns for the shipping sector, says IUMI president Frédéric Denèfle.
Spotlight
M&A
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MG Insurance majority owner files fresh lawsuit to stop sale: report
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Suncorp expects December tribunal hearing on blocked ANZ bank sale with decision in February
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Lotte Insurance’s private equity owner to kick off sale process: report
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Bolttech raises US$50m from LeapFrog in extended Series B round
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Steadfast’s Insurance Brands adds Peacock Insurance to its fold
ESG
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APAC carriers’ coal jitters sees excess capacity shift to renewables, gas
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Lloyd’s partners UN to scale insurance access for climate-vulnerable countries in APAC
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Extreme heat, typhoon ‘most concerning’ climate hazards for APAC: MSCI
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Opinion: Hong Kong’s insurance players should step up risk mitigation for clients and the city
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Lloyd’s Lab’s 11th cohort has focus on APAC climate, cyber and sustainability
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Climate modelling and risk engineering expertise can help with risk mitigation and insurance affordability.
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Embedded insurance is more than just a tick in the box, it calls for a hands-on approach involving thoughtful consideration of customer value.
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Multiple positive growth drivers underpin optimism about the insurance outlook of the region.
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While supply chain management is inherently complex, companies can take proactive measures to minimise risk exposures.

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