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Seoul flooding hits P&C players with ‘material’ losses
Claims from the record downpour expected to top US$115m.
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Seoul flooding hits P&C players with ‘material’ losses
Claims from the record downpour expected to top US$115m.
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Skuld drops anchor in Japan with Tokyo office
Norwegian marine insurer brings on board ex-Japan P&I Club team led by Jinsung Son.
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TMK committed to Asia growth despite treaty reinsurance exit
The strategic rejig will cut two roles in Singapore.
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China BOCOM Insurance’s loss ratio recovers in 2021 as A&H claims improve
The Hong Kong insurer COR has remained at around 100% over the past five years.
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IAG places ‘largest’ nat cat allowance as underwriting profit falls 5%
Weather claims "more than doubled" in FY 2022 across Australia and New Zealand.
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Piotr Nowakowski takes charge as Peak Re chief underwriting officer
The market veteran joined the Hong Kong reinsurer in January.
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China’s property crisis weighs on (re)insurers
Amid a slow growth environment, losses on corporate bond portfolios raises questions about the wider threat to market.
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P&C boosts Zurich’s H1 APAC profits
Regional COR improved to 91% as firm benefited from travel rebound with profits climbing 30%.
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Renae Gilbert starts at Axa XL as senior property underwriter
Sydney-based Gilbert joins from Australian carrier Vero Insurance.
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QBE COR climbs to 94.1% as H1 profits slump 66%
US$840m in investment losses due to wider credit spreads and market volatility.
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Scott Jerome takes over as head of Brooklyn Underwriting
Jerome is joining from his role as head of operations at Axa XL in Australia.
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Powerful and unusual hailstorm dents Japan’s ‘big three’ Q1 results
The insurance giants saw losses of US$610m from freak storm in addition to Ukraine impact.
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Lloyd’s Asia upbeat on growth despite Argenta exit
Thomas Haddrill, Lloyd's Asia Interim CEO, says they are looking forward to welcoming new syndicates in 2022 and 2023.
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Underwriters remain selective over APAC renewables
Despite a rapidly growing opportunity in the region, capturing profit can be tough.
Opportunities and challenges for Asia Reinsurance
Jessica Pratiwi & Siew Wai Wan, Fitch Ratings
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A longer claims process and increased cost were some of the challenges faced by insurers.
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Tropical cyclones have always been a significant peril in Asia and a major focus for risk assessment in the region.
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Fire and liability losses drive APAC claims burden
Inflation is set to add to a costly claims' environment of rising property values and extreme weather.
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Asia nat cats at lowest level in a decade
Damages in 2022 are just US$4.5bn, with losses from storms at their lowest in 20 years.
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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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Cautious Asian business leaders worry about business risks and aspire to greater resilience
Lucien Mounier, Head of Asia Pacific, Beazley
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Skuld drops anchor in Japan with Tokyo office
Norwegian marine insurer brings on board ex-Japan P&I Club team led by Jinsung Son.
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Piotr Nowakowski takes charge as Peak Re chief underwriting officer
The market veteran joined the Hong Kong reinsurer in January.
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Renae Gilbert starts at Axa XL as senior property underwriter
Sydney-based Gilbert joins from Australian carrier Vero Insurance.
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Scott Jerome takes over as head of Brooklyn Underwriting
Jerome is joining from his role as head of operations at Axa XL in Australia.
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Chubb Singapore appoints head of claims and head of transformation
Kho Yen Wei and Norma Wu have been tasked with improving efficiency.
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Aon confirms Sucheng Chang as head of Hong Kong
The move for the ex-Liberty Mutual chief distribution officer was first reported by IAN in May.
Loss adjusting 2.0 – what does the future hold for this venerable profession?
Chris Panes, McLarens