APRA applies additional US$6.6m capital requirement to Pacific International Insurance
November 1 2024 by Joana Nguyen- Underwriting
- Legal/Regulatory
- MGA
- Australia
- Australian Prudential Regulation Authority
- Pacific International Insurance
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Provident Insurance’s FY 2024 COR at 96.9%, operating performance supported by positive underwriting: AM Best
- December 12
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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Malaysian Re to maintain stability in underwriting performance: Fitch
- December 10
The rating agency has affirmed the rating at 'A' (strong) with a stable outlook for the reinsurer citing its ability to manage potential volatility and earnings dependence on local voluntary cessions.
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HDI Global Australia brings onboard ex-QBE Geoff Pratt as aviation underwriting manager
- December 9
Pratt, who was aviation manager for the northern region and business relationship manager for the Australian insurer based in Brisbane, will relocate to Sydney for the new role.
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Starr Insurance appoints Gerald MacDonald as APAC CUO
- December 9
Singapore-based MacDonald was earlier underwriter at Renaissance Re and Aspen Re.
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AXA XL | Low and no-cost cybersecurity actions for companies
Considering the increasing frequency of attacks, the evolving threat landscape, including the use of AI to launch more sophisticated attacks, companies today can’t afford to ignore the possibility of being targeted by cybercriminals.
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BHSI | Managing non-Asian exposure in long-tail lines
While US-exposed business can look attractive to Asian carriers, managing the volatility around the long-term results and the ability to model those losses are crucial, say BHSI’s Marc Breuil and Marcus Portbury.
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Sedgwick | To Handle CAT Claims Well, Multi-Step Preparation is Key
When it comes to risk, it’s not a matter of “if” it’s a matter of “when” an event will occur.
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HSBC Asset Management | Is it time to relook at Asian currency bonds?
With diversification and performance high on investors’ agendas, it seems a good time for global portfolios to revive allocations in Asian local currency bonds – including Hong Kong dollar (HKD) bonds.
