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- October 10 2022
Updated: icare turnaround continues as legacy deal put on ‘hold’
The state-owned insurer, which has been under pressure to reorganise, has announced a new claims model with an expanded panel of service providers.
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- October 10 2022
US$290tn investment gap to hit Paris climate targets: Swiss Re
Plugging the hole will require a ramp-up of climate spending to an estimated US$9.4tn on average every year till 2050.
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- October 10 2022
Hollard’s Australian arm constrained by Commonwealth Insurance buy
AM Best said the combined entity is expected to see growth in underwriting risks.
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- October 8 2022
Asian cedents urged to get in early, lock down capacity for 2023 renewals
Prices are hardening and capacity is likely to be more constrained going into the upcoming renewal season.
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- October 7 2022
Peak Re’s ratings put on review for downgrade by Moody’s
The rating agency also placed on review for downgrade the debt rating on Peak Re’s Baa3-backed subordinated perpetual securities.
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- October 7 2022
Swiss Re names Yong Suk Kwon head of Korea in leadership reshuffle
Yong replaces Jonas von Oldenskiöld and will take charge from December 1.
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- October 7 2022
AGCS tasks Alasdair Walker to lead APAC distribution
In his new role, Singapore-based Walker will manage strategic broker relationships and help raise the company's profile.
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- October 7 2022
GIC Re issuer outlook downgraded to negative amid accounting scrutiny
AM Best affirmed the state-owned carrier’s long-term issuer credit rating of bbb+ and financial strength rating of B++ with a stable outlook.
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- October 7 2022
BHSI | Tracking claims trends in Asia
Tim Collier, Regional Head of Claims at Berkshire Hathaway Specialty Insurance (BHSI), on best practices for managing, servicing and resolving claims.
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- October 7 2022
Japan non-life insurers have ‘stable’ outlook: AM Best
Higher loss ratios for motor insurance, personal accident and marine could impact insurers’ underwriting profitability.
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- October 6 2022
Oneglobal swoops for veteran Huichih Ko to boost Asia arm
Ko will be based in Taiwan and has previously worked at Marsh, WTW and Sedgwick.
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- October 6 2022
Managing reinsurance profitability in a volatile environment
Zaid Aziz Ibrahim, Labuan Reinsurance
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- October 6 2022
Bolttech eyes Indonesia expansion with broker buy
Jakarta-based Axle Asia, whose lines include corporate and employee benefits, will rebrand and become a subsidiary of the global insurtech.
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- October 6 2022
Lloyd’s system reset affects APAC operations
All external connectivity was turned off, including delegated authority platforms, after unusual activity on its network was detected.
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- October 6 2022
MS First Capital 5-year COR at 62.9% on low costs, high ceding commission: AM Best
The rating agency has affirmed the Singapore insurer’s rating of A (excellent).
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- October 6 2022
Sedgwick | Simplifying major and complex loss
Embracing AI and technology and investing in a skilled team allows Sedgwick to offer unparalleled service in an increasingly complicated world.
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- October 6 2022
Howden Specialty hires Steven Garrod to bolster APAC natural resources team
The former Lockton exec will focus on renewables, downstream energy and construction lines.
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- October 6 2022
Despite HK’s re-emergence, data shows Singapore pulling away in P&C race
While Singapore's GWP grew 14.25% in 2021, Hong Kong's annual growth was only 2.9%.
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- October 6 2022
New Zealand’s revised seismic model shows earthquake hazards have risen
On average the likelihood of an earthquake has increased 50% or more across the country.
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- October 5 2022
Axa XL enlists ex-Axis treaty underwriter in Singapore
Jessie Kuah to help look after the treaty portfolio in Malaysia, Singapore and Thailand.
