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- December 16 2024
PetroVietnam to fully exit domestic insurance arm by end-2025
Petroleum firm plans to exit HDI Global-backed PetroVietnam Insurance Corporation (PVI) as part of a restructuring of state-owned companies.
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- December 16 2024
BMS New Zealand continues North Island expansion with appointment of Dan Ackroyd
Auckland-based Ackroyd, who has joined the firm as an executive broker, will work alongside recently hired director Nathan Richmond and executive broker Tim Emms.
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- December 16 2024
Delta Underwriting appoints Lucy Loh as Asia claims lead
Singapore-based Loh joins from Berkshire Hathaway Specialty Insurance and will help the MGA support its recent A&H expansion.
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- December 16 2024
New capital focusing on specialty rather than general reinsurance: Guy Carpenter’s Priebe
"There's an increased focus around creating and delivering specialised underwriting expertise with capital really dedicated to maximising those opportunities," says the chairman of the reinsurance broker.
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- December 16 2024
Exclusive: Aon India transaction liability leadership departs
Five out of six staff, including Anand Kaul, deputy president - head of transaction liability insurance and credit solutions, are leaving the broker, IAN can reveal.
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- December 16 2024
Chinese broker Huize plans Philippines, Singapore foray
The move is part of the Nasdaq-listed insurtech platform’s target to generate 30% of its total revenue from overseas markets by 2026.
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- December 14 2024
Allianz to scrap US$1.6bn deal to acquire Income Insurance: report
The companies had difficulty finding a way to assuage government concerns, so they are likely to make an announcement about calling the deal off later this week.
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- December 13 2024
Korean Re reducing overseas property cat exposure: AM Best
The Korean reinsurer's long-term issuer credit rating has been upgraded to a+ (Excellent) while its financial strength rating of A (Excellent) has been affirmed, the rating agency said.
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- December 13 2024
Chubb taps Aon veteran Ben Holland as construction manager for ANZ
Melbourne-based Holland will strengthen the capabilities of the P&C leadership team and work closely with Jane Ravi, the carrier's energy & tech lines manager.
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- December 13 2024
Tune Protect Re to post moderate underwriting growth going forward: AM Best
The rating agency upgrades TPR’s rating to “bbb+” (good) from “bbb” (good), revises long-term outlook to stable from positive.
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- December 13 2024
Vietnam’s Bao Minh Insurance expected to maintain the strongest level of risk-adjusted capitalisation: AM Best
AM Best affirms financial strength rating of ‘B++’ (good), long-term issuer credit rating of ‘bbb’ (good) and the Vietnam national scale rating of ‘aaa.VN’ (exceptional) to BMI.
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- December 13 2024
WRMS’ SecuRisk tackles data and distribution hurdles to enhance climate resilience
The biggest challenges are minimising basis risk and providing coverage for smaller beneficiaries, such as smallholder farmers and micro-entrepreneurs, often overlooked by large insurers.
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- December 12 2024
MSIG Asia names Munich Re’s Alexander Liu as vice president for cyber and financial lines
Singapore-based Liu will report to Andrew Taylor, senior VP and head of cyber and financial lines.
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- December 12 2024
Provident Insurance’s FY 2024 COR at 96.9%, operating performance supported by positive underwriting: AM Best
AM Best has upgraded the Kiwi niche mechanical breakdown and private motor vehicle carrier's financial strength rating to “B+” (good) and long-term issuer credit rating (LT ICR) to “bbb-” (good) with a stable outlook.
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- December 12 2024
China’s Qianhai Reinsurance to explore opportunities in capital markets on shareholder support: AM Best
The rating agency has affirmed the financial strength rating of “A-” (excellent) and the long-term issuer credit rating of “a-” (excellent) to the Shenzhen-headquartered reinsurer with a stable outlook.
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- December 12 2024
Rising personal lines prices help stabilise global P&C sector: Moody’s
Pricing in China is unlikely to meaningfully improve, especially in motor, due to directives designed to reduce financial pressure on policyholders as well as mispricing risk for EVs.
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- December 12 2024
Public Bank’s takeover of Lonpac parent will have neutral impact: AM Best
The bank completed the acquisition of a 44.15% stake in the Malaysian insurer’s owner LPI Capital on December 5, becoming its largest shareholder.
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- December 12 2024
Exclusive: Rohan Bhappu to take over from Goh Chye Huat as Howden Asia CEO
Bhappu was most recently the chief executive of Marsh McLennan Hong Kong and Macau.
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- December 12 2024
CFC appoints Michael Lewis as cyber development manager in Australia
Melbourne-based Lewis will diversify broker partnerships and improve cyber conversion for the specialist MGA.
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- December 12 2024
Crawford charts out renewable plans as they look to Asian hubs
The global loss adjuster is considering Sydney and Singapore for potential regional hubs, says global head of renewable energy Alan Tucker.
