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- February 17 2025
QBE beefs up leadership by snapping up Beazley Digital CEO Ian Fantozzi
Fantozzi joins the Australian insurance group's leadership team as group executive for technology and operations.
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- February 17 2025
Increasing costs, reduced profitability main challenge for SMEs in Hong Kong and Singapore: QBE
In Hong Kong, staff acquisition and retention and labour shortage is the second biggest concern for 50% of SMEs, while in Singapore, 56% of respondents are worried about sales growth and reduced customer spending.
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- February 17 2025
MS&AD accelerates, while Tokio Marine, Sompo see overseas topline growth moderate in Q3 FY24
MS&AD’s foreign subsidiaries grew NWP by a combined 25%, in contrast to the 1.2% growth posted by Tokio Marine’s international non-life businesses and 0.8% by Sompo’s overseas arms.
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- February 17 2025
GAIP appoints Min Hung Cheng as interim CEO following John Maroney departure
Singapore-based Cheng will assume the role from March 18 until a new CEO is appointed.
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- February 17 2025
Tokio Marine’s underwriting profitability to improve on steady rate hikes: Fitch
Fitch Ratings also affirms insurer financial strength rating of AA- (very strong), with a stable outlook.
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- February 15 2025
Full capacity: Who will bell the cat?
In this week's Full Capacity newsletter from InsuranceAsia News, we look at Willis, nat cats, Macau and catastrophic predictions, as well as our weekly roundup of people moves.
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- February 14 2025
Sompo restructures into global P&C, wellbeing segments
James Shea will lead global P&C business; with APAC CEO Kenneth Reilly handed additional role as deputy president Sompo Japan.
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- February 14 2025
Tokio Marine’s international P&C profit up 14.2% to US$2.2bn in Q3 FY24
Strong underwriting performance in key international entities and increases in investment income in North America contributed to the growth.
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- February 14 2025
MS&AD group profits up 137% to US$4bn on strong overseas growth
Group's overseas profits nearly doubled to top US$1bn due to lower nat cat losses and favourable investment income.
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- February 14 2025
Global Asia Insurance Partnership names Dickson Wong as director
With over 15 years of experience in the general insurance industry across Australia and Asia, Singapore-based Wong is a seasoned actuary specialising in risk and actuarial areas.
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- February 14 2025
Sompo’s domestic P&C falls 39% in adjusted profit to US$299m in Q3 FY24
Drop attributed to a rise in accident rates and unit repair costs in motor and the impact of increased company expenses due to upfront investment, offset by base profit improvement in fire.
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- February 14 2025
MS Amlin’s COR for 9M FY24 at 88.8%, reports US$163.5m underwriting profit
MS&AD-owned specialty (re)insurer reports continued growth since turnaround a year ago, posting NWP of US$1.4bn.
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- February 14 2025
Lockton, Liberty, Hannover Re, Allianz Commercial, WTW: 8 APAC insurance people moves of the week
MS Amlin, Howden, Tokio Marine Kiln, Market Lane Insurance Group, Pen Underwriting and Marsh also made personnel changes over the last week.
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- February 14 2025
9 Indian insurers submit IPO plans to IRDAI: report
HDFC Ergo and SBI General have submitted their initial public offering (IPO) plans to the regulatory authority, according to a report in The Economic Times.
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- February 14 2025
Samsung Life seeks regulatory nod to incorporate group P&C arm as subsidiary: reports
Insurer approaches Financial Services Commission over a potential incorporation of Samsung Fire & Marine Insurance, according to the Korea JoongAng Daily.
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- February 14 2025
Insured losses from 2 of New Zealand’s most destructive nat cats top US$2.1bn: ICNZ
Auckland Anniversary Weekend floods and Cyclone Gabrielle in 2023 resulted in over 118,000 insurance claims.
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- February 14 2025
Tokio Marine Kiln takes Talbot’s Jack Skinner as APAC head of political violence
Skinner was most recently a class underwriter at the AIG-owned Lloyd's syndicate based in Singapore.
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- February 14 2025
JB Boda’s Rohit Boda talks India’s ‘win-win’ FDI change, eyeing emerging markets and cyber
In a wide-ranging interview, managing director of the Mumbai-based (re)insurance firm also tells InsuranceAsia News that the broker aims to leverage local talent and address evolving risks driven by climate change and geopolitical factors.
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- February 14 2025
Commercial rates harden in Taiwan, Japan while rest of Asia declines: Marsh
Composite insurance rates in Asia continued a downward trend, declining by 3% in the fourth quarter of 2024, marginally higher than the global average.
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- February 13 2025
Hanwha denies reports of selling Carrot Insurance stake amid financial strains
Korean insurtech startup has been posting losses every year since its establishment in 2019.
