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Found 12489 Results
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- February 21 2023
KB Insurance Indonesia rides on motor line growth, parent support: Fitch
The carrier's premiums grew at 25% in 2022, 52% in motor premium line.
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- February 21 2023
Opinion: Asia’s mega rail projects to ignite premium boom
The China-backed infra projects set to generate US$14bn by 2030 come as a blessing for local and international carriers.
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- February 21 2023
Sunshine’s outlook brighter as Fitch upgrades over fresh capital, investments rejig
The Chinese carrier's P&C arm reported a better underwriting performance with a COR of 96% in H1 2022, down from 100% in H1 2021.
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- February 20 2023
General takaful outpaces conventional market in Malaysia: report
Islamic insurance grew 10.3% between 2017 and 2021 while the broader P&C market grew only 0.6% in the same period.
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- February 20 2023
Premiums for Indian fertiliser pool for Russia, Belarus imports at US$2.4m
The US$60m reinsurance pool administered by GIC Re provides has not received any claims yet.
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- February 20 2023
Lockton hires from Aon to build Australia, NZ and Pacific affinity SME unit
Tanya Dasgupta, who has almost 20 years of sector experience, has joined Lockton as national manager – affinity schemes.
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- February 20 2023
Swiss Re’s 1.1 Asia renewals grow 35%
The global reinsurer benefited from the expansion of property and motor lines in the region, in addition to rate increases.
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- February 20 2023
Jansen Sulaeman returns to WTW for Asia fac build out
As head of business development, Singapore-based Sulaeman will help drive facultative reinsurance growth in the region.
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- February 17 2023
Allianz’s Asia P&C net earned premium grows 30%, COR up at 98.1%
Group COR increased to 94.2% primarily due to higher attritional losses related to normalisation of claims frequency and claims inflation.
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- February 17 2023
Swiss Re’s P&C Re COR slips to 102.4%, group sees 67% profit fall to US$472m
In FY 2022, the Swiss global carrier was hit by high inflation and large nat cats, including floods in Australia, but saw strong 1.1 2023 renewals.
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- February 17 2023
QBE 2022 COR improves to 93.7%; reinsurance expenses climb 34%
The global carrier's underwriting profit was up 34% to US$933m, while its GWP grew to US$20bn.
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- February 17 2023
Tower ups large event allowance by 33%, expects Gabrielle to trigger reinsurance
The storm is the second event in weeks set to breach the insurer's cat excess of US$7.4m leading to Tower to downgrade its profit guidance.
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- February 17 2023
Enstar signs US$1.9bn LPT deal with QBE
The loss portfolio transfer includes international and North America financial lines.
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- February 17 2023
Asia P&I club renewals go down to the wire
Rate increases, drawn-out negotiations and the lunar new year delay February 20 renewals in the region.
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- February 17 2023
AUB upgrades profit guidance as Tysers performs ‘ahead of expectations’
The broker expects US$32.3m of profit for H1 2023, which is 8.5% above the mid-point of the guidance.
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- February 16 2023
Fubon Insurance Vietnam under review with negative implications: AM Best
The Taiwanese parent was downgraded on February 3 and put on ratings watch for negative implications
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- February 16 2023
Insured losses from Cyclone Gabrielle, Auckland floods to exceed 2022 nat cat total: ICNZ
IAG New Zealand has already received 2,300 claims connected with the cyclone, mainly from Auckland, Northland, Waikato and the Bay of Plenty.
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- February 16 2023
Chubb’s Greenberg: Asia growth will outpace rest of company
The global carrier's APAC premium was up nearly 40% in 2022 with half of the growth coming from the Cigna acquisition.
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- February 16 2023
Allianz sees claims from cyclone pool after Gabrielle hit Norfolk Island
The storm caused minor damage to the external territory before it slammed New Zealand.
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- February 16 2023
Elizabeth Gill joins Sedgwick as Malaysia marine general manager
Gill has over four decades experience including the handling of many major and complex claims in marine cargo.
