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- April 4 2024
India freezes state-owned insurers’ senior executive hires till election ends: report
India elections, slated to on April 26, will stall several appointments including those by the regulator IRDAI, and state-owned GIC Re, according to a local news report.
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- April 3 2024
Aon completes acquisition of Global Insurance Brokers in India
GIB is now wholly owned by the global broker and will formally rebrand and intergrate with the group following the finalisation of the deal later this year.
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- April 3 2024
Andreas Berger to take charge as Swiss Re group CEO as Mumenthaler steps down
Berger, who is currently heading Swiss Re CorSo, will assume the group role from July 1.
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- April 2 2024
Swiss Re CorSo elevates Stephanie Wong as South-East Asia head of casualty and finpro
Singapore-based Wong was earlier a senior casualty underwriter and vice-president at the insurer.
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- April 2 2024
Malakut sets up Japanese insurance brokerage department, names Sogo Yasuda as head
Prior to joining Malakut, Yasuda was the chief commercial officer, Japan Global Solutions (Europe, Middle East and Africa) at AON for more than three years from October 2021.
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- April 2 2024
Hanoi Re’s expense ratio to stay elevated: AM Best
AM Best has revised the company’s outlook to positive from stable, and affirmed its "B++" (good) which accounts for the enhancement from its parent, HDI Global.
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- March 28 2024
Insurtech Qoala raises US$47m in latest funding round co-led by PayPal Ventures
PayPal Ventures co-led the latest funding round with MassMutual Ventures, bringing the Jakarta-based insurtech's total funding raised to US$130 million since its inception.
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- March 28 2024
Baltimore bridge collapse’s insured losses could hit US$4bn: report
Insured losses could total range from US$2-4bn, with 80 different reinsurers having provided cover to the Singapore-flagged container vessel's insurers, Reuters reports.
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- March 28 2024
Vietnam’s PVI Insurance strong underwriting results set to sustain: AM Best
Vietnam's largest non-life insurer's financial strength rating, at "A-" (excellent), was affirmed on its strong performance and support from parent, German insurer HDI Global SE.
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- March 27 2024
WTW taps Marsh for India credit insurance leader
Mumbai-based Rishabh Karnik will help develop the broker's financial solutions offerings.
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- March 27 2024
Marsh Asia appoints Alexander Pui to its climate and sustainability advisory team
Tokyo-based Pui was previously executive manager, climate scenario analytics, at Commonwealth Bank for nearly two years from March 2022
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- March 27 2024
Malaysia’s Etiqa General Insurance, Takaful “A” ratings affirmed on strong earnings
The rating agency affirmed an insurer financial strength rating of "A" (strong) to the five subsidiaries of Maybank Ageas Holdings Berhad with a stable outlook.
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- March 26 2024
Hannover Re to combine global cyber, digital risks underwriting business
Stefan Sperlich, who was leading the company’s North American structured reinsurance business, will head the Hannover-based business unit as managing director.
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- March 26 2024
Korea unveils US$190m trade insurance fund to promote exports
The fund will “drastically improve the terms regarding recipient eligibility" and benefit a wide range of sectors ranging from shipbuilding, petrochem to K-pop.
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- March 25 2024
Huatai P&C Insurance’s underwriting performance set to improve on Chubb’s support: Fitch
Fitch Ratings has upgraded Huatai P&C’s rating to 'A+' (strong) from 'A' following Chubb's move to raise its stake in its holding company, Huatai Insurance, to 85.5% in February.
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- March 25 2024
IRDAI regulatory revamp ushers in new insurance e-commerce platform
Indian insurance regulator consolidates 34 regulations into six as it introduces two new rules to enhance “clarity and coherence”. One notable addition is a digital public infrastructure to connect all industry stakeholders.
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- March 25 2024
Sedgwick names Crawford’s Erwin Yu to lead Malaysia TPA operations
In his new role, Yu will lead the local operations performance and oversee third-party administration, focusing on claims management and operational initiatives.
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- March 25 2024
Axa Korea appoints Hans Vranken as CEO: report
The former chief executive of Axa Japan is expected to formally take office on June 1, according to local media reports.
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- March 25 2024
SHKPI’s underwriting result benefits from low acquisition cost model: AM Best
The rating agency affirmed Sun Hung Kai Properties Insurance's long-term issuer rating of ‘a’ (excellent) with a stable outlook as it benefits from parent's distribution channel.
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- March 22 2024
China Taiping Macau’s 2023 COR and outlook remain stable: AM Best
The rating agency affirmed the insurer's financial strength rating of ‘A’ (Excellent) with a stable outlook, citing its strong balance sheet and operating performance.
