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- January 9 2023
Lloyd’s Asia hires Allianz’s Janus Cheung for market development
Singapore-based Cheung will report to the regional chief executive and will be responsible for growing distribution.
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- January 9 2023
IAG increases maximum first event retention by 75% at 1.1 2023 renewal
IAG cited inflation and market conditions behind the decision. It also renewed quota share deals with Munich Re and Swiss Re.
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- January 9 2023
Malaysian Re’s India, MENA performance help mitigate 2021 domestic flood hit
AM Best has affirmed the Asean reinsurer's rating of A- (Excellent) with a stable outlook.
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- January 9 2023
Hong Leong Insurance to improve underwriting to pre-Covid levels: AM Best
The Hong Kong insurer's combined ratio is significantly better than the industry average.
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- January 9 2023
Asian 1.1 renewals may have been ‘the big reset’
Past the deadline, the market is still busy tying up loose ends and closing gaps in cover.
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- January 9 2023
FY 2023 India non-life premiums touch US$22bn
Premiums grew for both private and state-owned insurers with the latter losing market share in the first nine months.
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- January 9 2023
LIC India may enter non-life market: report
Recent regulator's proposal to issue composite licenses may drive general insurance move.
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- January 6 2023
Insurtech Qoala raises US$65m in fresh funding led by Eurazeo
Eurazeo, a French private equity fund, has recently invested in specialty broker BMS.
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- January 6 2023
Paul O’Neill to lead Sompo International APAC commercial
The former Howden APAC specialty CEO will develop strategy for markets outside of Japan.
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- January 6 2023
Eliza White handed M&A role at Honan Insurance
The former Asia MD becomes head of growth after the Australian broker made its fifth acquisition within six months in December.
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- January 6 2023
Pricing softens across Australia’s engineering PI market, for now
While in 2022 rate on line stayed flat year-on-year, anticipated prolonged economic challenges may lead to an uptick in claims.
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- January 6 2023
Suncorp checks on Zurich’s Australian P&C arm again: report
Any proposed deal would likely exclude Suncorp's travel insurance portfolio Cover More.
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- January 6 2023
Kim Duixun takes over as Hyundai P&C’s interim GM in China
Jiang Xinwei, the former GM, resigned due to personal reasons.
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- January 5 2023
Sompo Holdings sued for US$750m damages over Van Gogh painting
Sompo bought the painting for US$40m in 1987 at a Christie’s London auction.
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- January 5 2023
SEC approves Axa Philippines-Charter Ping An merger
Axa will assume the assets, liabilities, rights and obligations of the firm, while customers will not be affected.
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- January 5 2023
APAC insurers still playing IFRS 17 catch-up
Companies need to carefully evaluate the implementation choices as it will have a lasting impact on shareholders’ equity and revenues.
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- January 5 2023
Howden identifies reinsurance tailwinds despite tough 1.1 renewals
The broker pointed to growing demand, tighter terms and increased prices.
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- January 4 2023
Making actuarial outsourcing work
Shamit Gupta, Milliman
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- January 4 2023
IRDAI allows auto-renewal of file reference numbers of foreign reinsurers
The change applies to cross-border carriers with credit rating not less than S&P's A- or equivalent.
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- January 4 2023
Rob Hands takes charge as Talbot Asia CEO
Singapore-based Hands was previously head of Australia and New Zealand at Axis Re.
