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- April 22 2024
QBE appoints Jordan Stewart as Asia’s business development lead, broker distribution
Stewart, who has relocated to Hong Kong from Melbourne, will work with the teams across QBE Asia to enhance its broker partnerships across the region.
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- April 22 2024
Allied World ropes in Leigh-Anne Byrom from Mecon Insurance
Byrom was most recently with Mecon for 13 years in various positions including senior technical underwriter, and senior construction & liability underwriter.
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- April 22 2024
AIG Singapore promotes Sarsha Neal to head of client & broker engagement
With over two decades of experience in underwriting and broking, Neal was most recently AIG's general manager for Western Australia and Northern Territory
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- April 22 2024
MS&AD Group’s outlook stable but acquisition may bring volatility: S&P Global
The rating agency has affirmed the carrier's 'A+' rating following revised capital model criteria, but noted that overseas acquisitions could bring volatility to its capital.
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- April 19 2024
Liberty to combine Asian specialty and retail businesses under Matthew Jackson’s leadership
The new unified division, Liberty International Insurance, will continue to go to market under its existing brands, including Liberty Specialty Markets and Liberty Insurance.
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- April 18 2024
Karen Leslie returns to Crawford Australia as senior strata adjuster
Joining from loss adjuster and consultant Technical Assessing, Brisbane-based Leslie reports to head of strata Ryan Neville.
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- April 18 2024
Exit-bound Lotte Insurance owner shopping for overseas private equity buyers: report
South Korea’s JKL Partners is reportedly in talks with JC Flowers to sell the Korean non-life carrier in a sale process run by JPMorgan.ts valuation.
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- April 18 2024
ICICI Lombard’s FY 2024 underwriting losses up 10% at US$1.2bn, COR dips to 102.2%
The Indian general insurer's GWP grew by 17.5% US$3bn and net profit was up 11% year-on-year.
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- April 18 2024
Korea to provide US$5bn trade cover for defence exports
South Korea has emerged as a leading exporter of defence systems over the past few years with several billion-dollar export deals for fighter jets, armoured vehicles and missile interceptors.
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- April 17 2024
India mulls GST exemption for reinsurance: report
The GST Council is likely to issue a clarification that reinsurance is not a supply of service, which will ease the tax burden.
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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.
