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- December 11 2023
WTW rejigs South-East Asia, Singapore corporate risk and broking leadership
Rupert Roberts will take on a new role as head of South-East Asia for corporate risk and broking, while Christine Lau will lead the team in Singapore.
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- December 11 2023
Berkley promotes Ernest Teng as head of financial lines as Cassandra Lee departs
Singapore-based Teng will oversee the Singapore financial lines team and fac businesses from South-East Asia, Mauritius and Japan.
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- December 11 2023
Lack of investor awareness stifling Hong Kong’s US$560m cat bond market
Senior executives at insurers, brokers and the World Bank applaud the city’s effort to grow its insurance-linked securities market, but challenges remain.
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- December 7 2023
Meritz Fire & Marine Insurance’s low loss ratio supports stable outlook: AM Best
The rating agency says strong earning stream will support its balance sheet strength, but real estate loan exposure requires monitoring.
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- December 6 2023
China’s financial regulator launches consultation on green insurance development
The National Administration of Financial Regulation targets a full-fledged green insurance servicing sector by 2030.
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- December 5 2023
Rising premium will boost Japan non-life insurers’ results: Fitch
The rating agency maintained a neutral outlook as carriers’ profitability remained resilient despite net insured losses from domestic nat cats stayed high in H1 FY 2023.
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- December 5 2023
KB Insurance Indonesia’s 9M COR at 70%, premium retention improving on motor focus: Fitch
The rating agency affirmed the carrier’s rating with a stable outlook, as GWP growth outperforms industry average.
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- December 4 2023
Hong Kong’s September extreme weather bill at US$243m: HKIA
Black rainstorm accounted for 81% of the claims, while the rest came from Typhoon Saola; 86% of gross claims incurred were property losses.
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- December 4 2023
Bain-backed Tower announces ownership structure review
The Kiwi insurer has hired Goldman Sachs as the financial adviser to explore options to maximise value for all its shareholders.
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- November 30 2023
Hong Kong P&C underwriting profit plunges 56% in first nine months of 2023: HKIA
The city’s moribund property market and severe weather events in September pressured insurers’ bottom line.
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- November 30 2023
Lonpac’s outlook remains stable on strong underwriting results: AM Best
The Malaysian general insurer’s strong capital adequacy and combined ratios support its financial strength rating of A.
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- November 29 2023
Siddhartha Medappa returns to Zurich as APAC head of risk
Sydney-based Medappa joins from Tokio Marine, where he was chief underwriting and reinsurance officer.
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- November 29 2023
Chinese non-life insurers’ investment risks manageble, focus on underwriting results: AM Best
Economic recovery and the recent relaxation of solvency-related investment rules support the sector’s “stable” outlook.
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- November 29 2023
‘Cannot run away’ from nat cat risks, says Tokio Marine chief: report
Chief executive Satoru Komiya told the Financial Times that nat cats, not systemic cyber-attack, remains the biggest risk to the sector.
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- November 28 2023
Vietnam’s relaxed foreign investment rules could bolster M&A: AM Best
AM Best maintains stable outlook on the South-East Asian country's non-life insurance sector, but challenges remain due to slowing economic growth.
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- November 27 2023
Over 85% of Australian carriers on track to achieve net-zero by 2050: ICA
An updated climate change roadmap provides goals and best practice guidelines to reduce greenhouse gas emissions for operations by the end of this decade and across the entire value chain by 2050.