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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.
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- March 21 2024
China United Property Insurance put on negative rating watch: Fitch
The rating action is due to potential reduction in support from parent China Orient Asset Management and the insurer's weakening capital strength.
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- March 21 2024
Tokio Marine eyes overseas acquisitions with US$10bn war chest: report
The insurer has aspirations to grow its business in the commercial insurance sector in North America, Asia, Europe, Australia as well as the Lloyd's market, co-head of international business Chris Williams told Reuters.
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- March 21 2024
Bond & Credit Co exec breached underwriting limits in Greensill deals: report
Court documents obtained by the Australian Financial Review showed that Tokio Marine had self-reported the issue to regulators nine months before the financier’s collapse.
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- March 21 2024
New Zealand court overturns tribunal’s imposition of new obligations on home insurance claims
Canterbury Earthquakes Insurance Tribunal in 2022 ordered that IAG New Zealand had to pay all repair costs upfront upon entering a building contract.
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- March 19 2024
Singapore non-life domestic underwriting profit drops 11%: association
Gross written premiums for employer’s liability rose 10.2% from a year ago on the back of an expansion of resident and foreign labour market, the General Insurance Association said.
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- March 19 2024
Foreign investment in India’s insurance sector tops US$6.5bn since liberalisation in 2015
The number of insurance players in the country rose to 70 from 53 nine years ago, when the government relaxed the cap on international investment for insurers and intermediaries.
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- March 19 2024
Swiss Re elevates Amitabha Ray as India CEO
Mumbai-based Ray takes over from Hadi Riachi, who is moving to Swiss Re CorSo as head of global underwriting centre.
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- March 19 2024
Lockton expands India leadership team with three Aditya Birla Insurance Brokers hires
Mukul Bhatia has been appointed managing director, Irfan Shirwani has joined as managing director of placement and claims, and Prasanna Hunur has started as senior director of sales.
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- March 18 2024
Ping An P&C improves underwriting with reduced credit and guarantee exposure, new motor policies: AM Best
The rating agency has affirmed the insurer rating of A (excellent) with a stable outlook.
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- March 18 2024
Japan’s big three to improve motor COR to 95% by 2026: Jefferies
The improvement will be driven by premium hikes, efficiency gains and lower expense ratio, according to a report by the investment bank.
