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- April 17 2024
Taiwan’s Financial Supervisory Commission announces Peng Jin-lung as new chair
Peng, who has previously served in the regulator's insurance bureau and was involved in the drafting of the Insurance Act, will assume the top job on May 20.
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- April 17 2024
Crypto specialist Qubit appoints QBE’s Wendy Lee as chief commercial officer
In her new role, first reported by InsuranceAsia News last week, Lee will be responsible for the Hong Kong's specialist MGA distribution strategy and implementation.
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- April 17 2024
Crawford Australia elevates Brendan Ames as business development manager
Victoria-based Ames will focus on developing the company's business across multiple lines including domestic, strata, commercial, liability, forensic accounting,, marine, cyber, construction, and contractor connection.
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- April 16 2024
Fitch downgrades outlook for Sinosure, China Taiping group entities after sovereign rating action
The negative outlook reflects a potential decline in the willingness and ability of the government to support insurers with weaker standalone credit quality.
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- April 16 2024
WTW appoints Andrew Lam from Aon as property placement broker for Asia
Singapore-based Lam has handled north Asia property & casualty placements extensively during his over decade-long experience.
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- April 16 2024
Marsh’s Australian finpro practice promotes Stephanie Wen, Eden Dunlop
Wen has been elevated to financial and professional liability principal and Dunlop to finpro senior account executive
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- April 15 2024
India’s GIC Re to revive stake sale post-elections: report
Chairman of the state-owned reinsurer dismissed the possibility of a privatisation in the "immediate future". The priority is to improve its credit ratings to grow its international business.
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- April 12 2024
Lockton, QBE, NorthStandard submit proposals for Singapore’s e-harbour craft charging points project
Other interested insurers also include Income Insurance, the Shipowners’ Mutual Protection and Indemnity Association, Tigermar Global, and Cambiaso Risso Asia.
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- April 12 2024
Sompo Singapore to sustain profitability, expand regional commercial line: S&P Global
S&P Global Ratings affirmed the carrier's "A" local currency long-term insurer financial strength rating with a stable outlook.
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- April 11 2024
Tugu Insurance’s Hong Kong arm sees modest near-term profitability: AM Best
AM Best has affirmed an insurer rating of B+ (good) for the company with a stable outlook.
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- April 10 2024
India’s FY2024 non-life sector GWP up 13% as motor, health buoy growth
Gross direct premiums for all Indian non-life insurers in 2023-24 increased to US$34.8bn, according to the latest data released by the General Insurance Council of India.
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- April 9 2024
Ansvar Insurance Australia hires Peter Bailey from AIG as chief underwriting officer
Bailey has joined Ansvar Insurance after a 10-year stint at AIG where he was most recently its head of portfolio solutions.
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- April 9 2024
Axa XL appoints Cedric Declercq to head of technical claims and exposure management for APAC and Europe
Singapore-based Declercq was the specialty (re)insurer's most recently APAC practice leader and claims manager, global Lines, since 2018.
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- April 8 2024
Aon’s Dan Chapman rejoins Lockton Australia as director for trade credit, surety and political risk
As one of the founding members of Lockton Australia in 2012, Chapman will work closely with Liam Berry, head of surety, trade credit & political risk at the broker.
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- April 8 2024
Philippines budgets US$80m for crop insurance funding in FY 2024
The allocation is under the 2024 General Appropriations Act and is expected to cover the full cost of crop insurance premiums of more than 2.3m of the country's targeted farmers and fishermen.
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- April 8 2024
Samsung Fire & Marine quits bancassurance as sales flag: report
The move from savings to protection products have made the banking channel less attractive non-life carriers in Korea, especially since the introduction of IFRS17.
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- April 8 2024
Eastern Australia hunkers down as threat of ‘blue sky flood’ continues
After the wild weather slammed the country’s south-eastern states, the New South Wales government has declared an emergency even as skies cleared up and Queensland continues to on alert as the rain event hasn't yet let up.
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- April 5 2024
Allianz Partners becomes first foreign reinsurer to set up in India’s GIFT City
The reinsurance branch in the special economic zone will focus on the non-life sector catering to B2B, reinsurance, travel, mobile devices and digital risk sectors.
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- April 5 2024
Tune Protect Group CEO Rohit Nambiar steps down
Nambiar, who has been the CEO of the Malaysian insurer for more than three years, will remain in office till May 10.
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- April 4 2024
Suncorp exits New Zealand life arm for US$244m to focus on P&C business
Resolution Life will acquire the Australian insurer-owned Asteron Life and the deal is expected to be completed in nine months.
