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- May 24 2024
Japan’s big 4 admit to leaking customer data to competitors: report
- Non-life
- Japan
- Aioi Nissay Dowa Insurance
- Mitsui Sumitomo Insurance
- MS&AD
- Sompo
- Tokio Marine & Nichido Fire
Agencies handling policies for Tokio Marine & Nichido Fire Insurance, Sompo Japan Insurance, Mitsui Sumitomo Insurance, and Aioi Nissay Dowa Insurance were sharing motor insurance customers' names, policy numbers, premium amounts and maturity dates.
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- May 23 2024
WTW ropes in Alex Rosati from Marsh as Asia head of claims
With over 30 years of experience in underwriting, claims and litigation, Rosati will focus on all aspects of WTW’s claims proposition across all business lines.
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- May 23 2024
Generali Hong Kong launches fine art insurance for private collectors
The insurer's art insurance solutions division, ARTE Generali, plans to extend the offering in Hong Kong to corporate collections, museums and exhibitions later this year.
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- May 23 2024
Fairfax-backed Go Digit makes a quiet trading debut
The US$314m IPO was priced at the top end of the price band valuing the digital insurer at US$3bn.
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- May 23 2024
Australia’s Bellrock builds out construction risk team with two specialist hires
Simon Gray and Carina Bogaard, who are specialists in construction professionals’ risks, join the broker's Sydney office.
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- May 21 2024
Temasek, Warburg Pincus team up to acquire broker Specialist Risk Group
The deal is reportedly aimed at helping the London broker to expand internationally, including in Asia.
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- May 21 2024
Australian MGA Market Lane Insurance hires Clint Jeuring as western regional manager
Prior to this move, Jeuring was executive account director at local brokerage firm EBM Insurance & Risk.
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- May 21 2024
Japanese big 3 results bolstered by overseas business, weak yen
The Japanese insurers' international subsidiaries reported strong performance in 2023 due to steady rate increases, while domestic premium growth remained muted despite fire and motor premium hikes.
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- May 21 2024
Pacific Cat Risk Insurance, WTW tie up to offer subsea cable parametric cover
The policy will cover the state-owned telecom firm’s submarine fibre optic cable network in earthquake-prone Papua New Guinea.
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- May 20 2024
MS Reinsurance swings to US$366m profit in 2023
The firm’s combined ratio improved to 90.5% from 98% in 2022, GWP for the period topped US$3bn.
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- May 20 2024
Chinese regulator fines Ping An P&C for internal control failures, fund misuse
The fines were imposed on the company as well as 12 "responsible" employees over a range of violations including internal failures and inappropriate or illegal fund allocations, according to the regulator.
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- May 20 2024
Fairfax-backed Go Digit’s US$314m India IPO fully subscribed
The IPO was 9.6 times subscribed at the close of bookbuilding and is slated for trading on May 23.
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- May 17 2024
Gallagher Insurance New Zealand promotes Sharon Eloff to senior claims manager
Eloff joined the broker in September 2021 as a claims manager following an over six-year stint at IAG.
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- May 17 2024
New South Wales April storms insured claims at US$117m: ICA
Three extreme cat events since Christmas have caused US$1bn in insured damages across Queensland, New South Wales and Victoria.
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- May 17 2024
Starr Insurance launches in Korea with Paul Choi in charge
Choi was formerly Aon Korea's chief broking officer and has been named CEO of the insurer's new branch in Seoul.
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- May 17 2024
Beat Strebel to take charge as Swiss Re China CEO
Currently head of P&C reinsurance for Middle East & Africa, Strebel has takes over from Ivan Gonzalez, who has been elevated to CEO of Swiss Re CorSo.
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- May 16 2024
Cyber attacks top business risk for financial institutions: Aon
Failure to attract and retain top talent, which is now at eighth position, is expected to rise to third place as a future risk, according to a survey by the broker.
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- May 16 2024
Guoren P&C’s underwriting profitability under test: Fitch
The Rating agency has downgraded the insurer's rating outlook to "negative" from "stable", while affirming its rating at "BBB".
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- May 15 2024
ICA says additional US$92m funding for Australia disaster resilience falls short of needs
The (re)insurance industry body has welcomed the Australian government's additional disaster support funding outlined in the 2024-25 federal budget.
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- May 15 2024
Japan’s big 4 face price fixing allegations in group insurance policies: report
The insurers, who have in the past been accused of cartelisation in commercial insurance policies, are facing regulatory probe over personal insurance pricing.
