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- August 13 2021
Sri Lanka’s state reinsurer saw premiums decline in 2020
NITF discontinued accepting a 30% facultative share from local insurers due to the non-availability of retrocession cover.
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- August 13 2021
Singapore life insurers see 61% new business growth in H1 2021
The first half of the year saw a significant growth in the number of policies purchased online.
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- August 12 2021
Aviva to increase stake in India JV: report
The London-headquartered insurer will increase its stake from 49% to 74% when new FDI regulations permit.
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- August 12 2021
Asia M&A insurance set for growth as deals rebound
Beazley underwriter Jade Cummings tells Lloyd's Asia webinar the demand for merger-related cover is set to grow across the region.
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- August 12 2021
China’s record floods dominate July’s Asia claims
Aon reports says US$1.7bn of insured losses is highest nat cat payout for the Chinese insurance industry on record.
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- August 11 2021
IAG sees FY 2021 loss, flags A$1bn insurance profit
Business interruption claims related to Covid-19 weighed heavily on performance.
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- August 11 2021
New Zealand’s ‘costliest’ tornado leaves a NZ$32m bill
The Insurance Council of New Zealand says NZ$24m of the claims were related to residential property.
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- August 11 2021
Comsure-WRI merger creates Austbrokers’ fifth-largest entity
The deal combines A$120m in annual GWP and over 70 employees.
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- August 10 2021
Lloyd’s China eyes broker and product expansion
A new marine liability product is expected later this year.
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- August 10 2021
Suncorp’s FY 2021 profit increases 13.1% to US$760m
The insurer's nat cat allowance for the next financial year has increased by A$30m to A$980m.
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- August 10 2021
Allianz H1 2021 APAC profit up 37% to US$402m
Uptick partly driven by insurer's L&H business where operating profit jumped 46% to €279m.
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- August 10 2021
Former Lockton director sets up APAC agriculture broker
Stephane Baldanoff has established a Melbourne-headquartered start-up.
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- August 9 2021
World Bank’s IFC invests in Vietnam’s PVI Holdings
The World Bank's investment arm has bought 6.29% of the country's second largest P&C insurer from HDI Global.
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- August 9 2021
Carlyle exits stake in India’s SBI Life: report
The US private equity firm had originally invested in the Mumbai-headquartered life insurer in March 2019.
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- August 9 2021
BPL Global establishes Lloyd’s Japan binder for credit risks
MS Amlin acted as the lead syndicate on the binder.
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- August 9 2021
Suncorp veteran departs after 35 years
Commercial and intermediaries GM Darren O’Connell has left the Australian insurer.
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- August 6 2021
Moody’s buys RMS for US$2bn to bolster climate risk analytics
The rating agency flagged the risk modelling firm's P&C and life (re)insurance capabilities.
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- August 6 2021
HDI Global’s Silton handed additional role as Malaysia head
The Singapore-based executive takes over from Danh Duong, who will now focus on operations in Vietnam.
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- August 5 2021
CBIRC extends capital rules for ceding reinsurance to Hong Kong
China regulator says the policy can help the SAR become a global risk management centre.
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- August 5 2021
Taiwan’s non-life premiums rose 6.2% to US$6.8bn in 2020
The P&C sector saw pre-tax profits grow 54.4% to NT$12.2bn in H1 2021.
