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- September 21 2021
New Zealand’s FMG appoints Suncorp exec as CEO
Adam Heath is set to start on December 20 and is replacing outgoing chief executive Chris Black.
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- September 21 2021
Nat cat ILS in line for record year: Fitch
Issuance in H1 2021 was a first-half record of US$8.5bn with ESG bonds set to fuel future growth.
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- September 21 2021
ICA eyes cost of SME commercial lines
Outgoing National Insurance Brokers Association head Dallas Booth will lead a new advisory council.
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- September 20 2021
Cosco Shipping’s captive to see steady premium growth: AM Best
The captive benefits from low distribution costs for group-related business and a favourable reinsurance environment.
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- September 20 2021
Zurich mulls GI asset sale in Australia – report
Bloomberg says the disposal could raise a "few hundred million dollars" for the Swiss insurer.
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- September 17 2021
Samsung Re gets group captive boost: AM Best
The reinsurer is mainly focused on South-East Asia and India as GWP neared US$80m in 2020.
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- September 17 2021
Claims for Japan’s summer storms hit US$96m: GIAJ
The two events in July and August have seen more than 30,000 claims.
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- September 16 2021
India seeks US$100bn plus valuation for LIC – report
The government is considering selling a 5-10% stake in the life insurance player.
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- September 16 2021
Digital ecosystems boost Asia’s insurtech space: CapGemini
The consultancy firm says Ping An has earmarked US$14.5bn for research and development over the next decade.
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- September 15 2021
February’s Fukishima earthquake claims rise to US$1.88bn: GIAJ
The industry association says the event has resulted in over 213,000 claims so far and has cost insurers nearly US$2bn.
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- September 15 2021
Hero Insurance Broking gains reinsurance licence — report
Hero Enterprise chairman Sunil Munjal says the broker wants to offer lines such as manufacturing and employee benefits.
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- September 15 2021
Cathay Century records 11% premium growth in 2021
Taiwan's second-largest P&C player recorded GWP of around NT$23.5bn in 2020.
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- September 15 2021
Renewable energy risks climb in Asia: Lloyd’s webinar
Solar and wind farms are more susceptible to nat cats than traditional forms of energy.
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- September 14 2021
Markel adds senior fine art and specie underwriter in Singapore
Janita Leu will report to the specialty player's Asia director Colin Fordham.
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- September 14 2021
BMS appoints senior financial lines duo in Australia
Guy Van Dugteren and Andrew McKenzie have joined from Gallagher and Aon and are both based in Brisbane.
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- September 13 2021
MSIG Singapore taps Mack Eng as new CEO
The current chief executive Craig Ellis is retiring and returning to Australia.
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- September 13 2021
Malaysian regulator seeks feedback on bancassurance
The central bank has given stakeholders until September 30 to submit feedback.
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- September 10 2021
Indian authority issues guidance on cyber insurance
The IRDAI wants insurers to review their existing cyber products as attacks accelerate during the pandemic.
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- September 9 2021
Global non-life premiums to top US$7trn in 2022: Swiss Re
General insurance premiums to rise 10% above pre-Covid levels by the end of this year.
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- September 9 2021
CBIRC says motor insurance reforms meeting objectives
Regulator says auto insurance's share of the P&C market is nearing that of US and Japan after last year's regulatory changes.
