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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.
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- August 4 2021
Westpac to sell its life unit to Dai-ichi in US$1bn deal: report
Bloomberg report says official deal announcement could come by the end of August.
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- August 4 2021
Lloyd’s players highlight strong demand for political violence cover
Strikes, riots and civic commotion (SRCC) rates generally flat in Asia except for distressed regions such as Myanmar.
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- August 4 2021
RGA sees APAC Q2 loss as Covid claims bite in India
The US-based reinsurer, however, described its experience in the region beyond the pandemic as "favourable".
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- August 4 2021
Generali’s Asia life GWP performs strongly in first half
The Italian giant's P&C GWP declined, however, down 3.5% in H1 2021 to €121m.
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- August 3 2021
Brokerslink adds new task force to steer Asia-Pacific growth
The group's new Asia-Pacific task force aims for greater regional visibility.
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- August 2 2021
Malaysia P&C outlook stable despite Covid headwinds: AM Best
The rating agency expects health insurance to be an important driver of growth.
