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- August 8 2024
Australian government raises national terrorism threat level to ‘probable’
This is an indication of more than a 50% chance of an onshore attack, or an attack being planned in the next 12 months..
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- August 7 2024
AIG brings on board BHSI’s Anouk Sireude as Pacific head of ocean marine
This is AIG's fourth hire from the specialty insurer over the last few weeks in Australia and the third from the marine underwriting team.
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- August 7 2024
Hyundai Insurance China outlook downgraded over operating losses, underwriting risk: AM Best
The rating agency has affirmed the insurer’s B++ (good) rating, noting that its risk-adjusted capitalisation has benefitted from the capital injection from strategic investors.
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- August 6 2024
MAS defends Allianz’s US$1.6bn cash offer for Income Insurance: report
The regulator's incoming deputy chairman Chee Hong Tat said during a parliamentary session that the central bank was satisfied with the process around the deal and that the potential deal won't adversely impact competition.
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- August 6 2024
Kieran Curtis returns to Aon as regional director, construction and infrastructure, Asia
Hong Kong-based Curtis will oversee the broker's construction and infrastructure business across Asia, reporting to Vincent Banton, regional head of construction and infrastructure.
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- August 6 2024
Zurich Hong Kong elevates Lena Liu to head of middle market, commercial insurance
Liu, who has been with the carrier for more than 14 years, was most recently head of operations, international programs and captives.
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- August 6 2024
WTW Japan appoints Marsh veteran Harunobu Hirose as head natural resources
The global broker continues its team build-out in the country with the appointment of Tokyo-based Hirose.
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- August 5 2024
Axa debuts parametric heatwave cover for Hong Kong, Macau outdoor workers
Insured individuals are eligible to receive a payout of US$12.9 each, or an ‘anti-heatwave kit’ of an equivalent value, without the need to submit claims or prove damage or loss.
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- August 5 2024
South Korean digital carrier Carrot gets exclusive rights to use behavioural-based motor insurance
Motor insurance, sold by 12 general insurers in Korea, is typically standardised with minimal differentiation, and therefore, exclusive rights are rare.
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- August 5 2024
Tesla renews bid for China insurance broking licence: report
The electric car maker has registered a new broking company after the firm it had initially set up in Shanghai in 2020 to apply for an intermediary licence was "cancelled" in April this year.
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- August 5 2024
Vietnam non-life insurers to benefit from higher infrastructure spending: AM Best
The rating agency maintains a stable outlook on the country's non-life insurance segment, as demand for commercial lines insurance is set to rise.
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- August 2 2024
Hewitt Hicks Group appoints Phoebe Pearson as head of workers’ compensation
Pearson joins the Australian workplace and people risk-focused broker from Suncorp Group, where she was a senior key account manager.
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- August 2 2024
United Overseas Insurance’s balance sheet strength to remain at strongest level: AM Best
AM Best has affirmed its financial strength rating of "A+" (superior) with a "stable" outlook.
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- August 2 2024
China United Property Insurance removed from negative rating watch, downgraded: Fitch
The rating action is due to potential reduction in support from parent China Orient Asset Management and the insurer's weakening capital strength, the rating agency said.
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- August 1 2024
Fitch reviews Suncorp’s negative rating watch on impact from bank sale
The completed bank sale will allow Suncorp Group to focus on its core non-life insurance operation and support the insurer’s business profile over time.
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- August 1 2024
Axa Philippines elevates Ayman Kandil to CEO and president
Kandil, who was chief distribution officer for the carrier in Manila, will take on the new role in October replacing Bernardo Serrano, who will be transitioning to a new role within the group by end-September.
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- August 1 2024
Kiwi insurers settle 96% of US$2.3bn in claims from Cyclone Gabrielle and Auckland flooding: ICNZ
As of June 1, carriers have settled 112,746, of 118,037 claims valued and have so far paid out US$1.85bn (82%) for both events, with residential house claims at 96%, while contents and motor were 99% and 98% fully settled, respectively.
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- July 31 2024
HKIA to charge intermediary licence fees from September 23
The fee will be applicable for insurance brokers and agencies applying for a new licence, renewing licence, adding a line of business and for approval of responsible officers.
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- July 31 2024
S&P Global upgrades Japan P&I outlook to ‘positive’ on strong capital position
Japan P&I will likely strengthen its capital level further and maintain solid profitability. Its has accumulated a large amount of free reserves in FY2023.
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- July 30 2024
Sedgwick launches Asian energy claims solutions with two senior hires
Neil Best has been appointed as energy director while Liew Boon Tat joins as executive energy adjuster for major and complex loss in the loss adjuster's Singapore office.