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Found 12877 Results
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- July 29 2024
CrowdStrike IT outage could be earnings event, impact multiple carriers: AM Best
Since insurers have been tightening underwriting standards through increased retentions, manageable limits, shifting their focus to small and medium-size enterprises, the use of reinsurance, the event has potential to be a contracted claims and legal process, according to the rating agency.
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- July 26 2024
Income parent assures of commitment to Singaporeans amid backlash over Allianz deal
Chairman of NTUC Enterprise, the largest shareholder, said that the US$1.6bn Allianz' offer will not alter its "social commitments", and that it will continue to be an active shareholder.
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- July 26 2024
Sompo China to sustain profitable underwriting: S&P Global
The rating agency has affirmed the carrier's 'A' long-term local currency financial strength rating and issuer credit rating with a stable outlook.
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- July 26 2024
China Re’s COR to improve in next two years on portfolio overhaul: S&P Global
The state-owned reinsurer's combined ratio will likely lower to 99% from the five-year average of 102.1%. The rating agency has also affirmed its "A" rating and "stable" outlook.
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- July 26 2024
Marsh promotes Kane Sim to chief client officer for private equity and M&A, Pacific
In his previous role, Sydney-based Sim worked as the broker's head of transactional risk for the region.
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- July 26 2024
MSIG China’s subdued liability book weighs on underwriting performance: S&P Global
The rating agency affirmed its 'A' rating with a stable outlook, reflecting the outlook on the core operating entities of MS&AD.
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- July 26 2024
Opinion: China’s onshore oil & gas expansion throws spotlight on risks for insurers
With China's new exploration projects, questions remain over which (re)insurers will benefit at a time when the backlash against failure to exit from fossil fuels underwriting grows louder.
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- July 26 2024
Nova Insurance set to fully acquire China arm by year-end
While it will be business as usual for the Hong Kong broker's China unit, it has also received regulatory approval to open a branch in the city of Suzhou, its third in the country.
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- July 26 2024
Typhoon Gaemi to make landfall in mainland China after hitting Taiwan and the Philippines
The storm, which landed near the city of Hualien that faced losses from an earthquake earlier this year, is believed to be the most powerful storm to hit Taiwan in eight years.
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- July 25 2024
CrowdStrike event to cost cyber insurers up to US$1.5bn: CyberCube
The loss caused by the outage amounts to the largest single insured loss event in the past 20 years of the cyber insurance industry.
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- July 25 2024
Howden appoints Ngoensin Sutipitawkong as major accounts senior director in Thailand
Based in Bangkok, he joins Howden from Lockton where he was a director for three years from June 2021.
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- July 25 2024
Seadrif adds Benedikt Signer to board as executive director
Signer has worked for The World Bank for over a decade, where he supported over 20 countries in actively managing potential losses from climate and disaster shocks.
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- July 25 2024
Allianz Commercial taps AIG’s Karlis Trops to head Asia cyber and tech PI
Trops has over 14 years of industry experience specialising in cyber and technology errors and omissions (E&O) insurance underwriting and risk assessments.
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- July 25 2024
BHSI elevates Sharkey, Veanes to D&O managers for Northern and Southern Australia
Before their promotions, Sydney-based Michael Sharkey was underwriting manager for commercial lines while Hayden Veanes was underwriting manager for executive and professional lines.
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- July 25 2024
PSC Insurance acquires specialist broking group Sherpa Insurance
With US$3.9bn in sales, Sherpa Insurance has joined PSC as part of its Sydney branch following the acquisition.
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- July 25 2024
Price Forbes expands Singapore financial lines team with Gallagher hire
Antonio Calder-Smith will relocate to Singapore from London and work to develop the broker's financial lines presence throughout the Asia Pacific region.
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- July 25 2024
Chubb delivers on Asia promise with impressive Q2 top-line growth
Greenberg highlights accident & health and travel insurance as strong perfomers in the region, which was the fastest growing globally with 33% net premium increase in the second quarter.
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- July 25 2024
Exclusive: Hannover Re names Blake Dimitrijevic Australia MD as Michael Eberhardt heads to Bermuda
Dimitrijevic, who joins from Guy Carpenter, will succeed Eberhardt who is set to take charge as managing director and chief underwriting officer for Hannover Re Bermuda.
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- July 25 2024
Nepal air crash: 99.7% of estimated US$3m loss ceded out to foreign reinsurers
The hull and liability cover were provided by a Nepalese carrier Prabhu Insurance and reinsured with a London-based carrier through facultative cover, IAN understands.
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- July 25 2024
CrowdStrike IT outage insured loss to range from US$540m to US$1bn: Parametrix
The loss covered under cyber insurance policies is likely to be no more than 10% to 20% of the US$5.4bn direct financial loss facing the US Fortune 500 companies, due to large risk retentions and low policy limits.
