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- February 2 2025
Reduced exposure to cat losses could boost reinsurers’ operating profits in 2024-25: S&P Global
Better results will also be driven by favorable pricing, terms and conditions in short-tail lines, overall underwriting discipline and increasing reinsurance demand.
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- February 1 2025
IAG to release US$125m from provisions after favourable court decree
Carrier will include the released amount in the 'net corporate expense’ line in the financial results for the six months to December 31, 2024.
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- January 31 2025
Steadfast-owned brands Network Insurance Group and Insurance House merge
Andrew Broughton, current chief executive officer of Network Insurance Group, will assume the leadership of the combined entity.
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- January 29 2025
MS Amlin expands Phoenix Re capacity to US$90m in fifth renewal
Strong performance, rising investor interest in Asia cat risk drives demand for insurer’s Singapore-based sidecar.
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- January 28 2025
Australian MGA Agile hires industry veteran Richard Hardy to head property
Agile Underwriting launched a property line backed by its Lloyd's syndicate, AUS 2427, in November.
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- January 27 2025
The Hartford continues Lloyd’s Asia buildout with senior appointment
Shuohan Dai joins as senior underwriter for credit and political risk following the carrier's launch of its Syndicate 1221 earlier this month.
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- January 27 2025
China Taiping, subsidiaries to benefit from government support: Fitch
Fitch has affirmed 'A' rating with negative outlook for all non-life entities except Taiping Re, which has been given stable outlook on its credit profile and strong underwriting performance.
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- January 27 2025
Insurtech: Tech predictions for the insurance sector in 2025
2024 was the year we saw signs that the insurance industry is rapidly transitioning from experimenting with generative AI (GenAI) to deploying scaled production use cases. Fuelled by new data streams and advancements in IOT, and wearables, predictive capabilities are reaching new heights. However, prediction alone is insufficient to reduce loss ratios systemically; meaningful impact […]
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- January 23 2025
Aon launches India life and health reinsurance practice, appoints Renuka Nar as head
Broker also appoints Neha Shah as the practice’s chief actuary.
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- January 23 2025
Gard expands Japan product portfolio with marine & energy risks
The P&I club will offer hull and machinery, war risk and loss of hire covers as well as builders’ risk to shipyards and offshore wind risk.
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- January 23 2025
Zurich Kotak appoints Nimesh Jayanti Kanabar as CRO
Industry veteran joins firm from domestic peer Zuno General Insurance.
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- January 23 2025
Australia opens applications for US$125m disaster mitigation grant
Third round of Disaster Ready Fund focuses on large-scale infrastructure that will deliver disaster risk mitigation, resilience and safety benefits and put downward pressure on insurance costs.
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- January 23 2025
Malaysian Re in good stead ahead after business revamp: AM Best
Global rating agency affirms A- (excellent) insurer rating with a stable outlook, driven by a very strong balance sheet, adequate operating performance and a neutral business profile.
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- January 22 2025
India’s Zurich Kotak appoints Sutikshan Mishra as financial institutions group head
Mishra joins firm from health insurer Star Health and Allied Insurance, where he was business head for bancassurance sales and strategic alliances.
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- January 21 2025
Crawford Australia expands large, complex claims offering with new hire
Simon Davies joins from rival McLarens, and will assume the role of executive adjuster.
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- January 20 2025
Korean insurers to cut motor premiums despite worsening loss ratios: report
In the fourth consecutive year of rate reductions, major non-life insurance companies will reduce premiums by an average of 0.5-1% this year.
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- January 19 2025
Update: Eastern Australia battered by deadly storms, tennis ball-sized hail
A tropical cyclone has formed off Australia’s western coast, as eastern states deal with the fallout from damaging storms and continuing rain.
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- January 17 2025
Vietnam’s PTI to benefit from remedial measures, portfolio revamp: AM Best
The rating agency has affirmed rating of B++ (good) and upgraded the carrier´s outlook from negative to stable reflecting its strong balance sheet.
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- January 17 2025
India’s non-life segment set for robust growth: AM Best
Despite underwriting losses, the industry posted double-digit premium growth in FY2024, the global rating agency says.
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- January 15 2025
Coface appoints new head of commercial for Taiwan
Niki Liu will be responsible for driving new business for the trade credit insurer, having previously worked for Aon-COFCO Insurance Brokers and Marsh.
