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- November 27 2023
Latitude Brokers makes two senior hires to expand P&I team, creates superyacht division
The shipping specialist has appointed James Gargrave in Singapore as P&I director and Hong Kong-based Kevin Overton will head the new superyacht team.
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- November 24 2023
Axa Hong Kong gets Casper Kam as casualty underwriter
Prior to this move, Kam was servicing Asia clients for AIG as its underwriting manager - casualty department.
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- November 24 2023
Reinsurance rates to moderate during January renewals: Fitch
Insured natural catastrophe claims are likely to exceed US$100bn again in 2023 but global reinsurers have been far less affected than in 2022.
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- November 24 2023
Swedish Club to offer cyber cover to all members
The cover will be available at preferential rates to all vessels insured for hull and machinery and/or P&I through the club.
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- November 23 2023
GIC Re outlook upgraded to positive over strong capitalisation: AM Best
The rating agency has affirmed the state-owned reinsurer's financial strength rating at B++ (good) and national scale rating at aaa.IN (exceptional).
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- November 23 2023
TuguRe could see further volatility in underwriting: Fitch Ratings
The Indonesian reinsurer's rating has been affirmed at A+ (idn) with a stable outlook by the rating agency.
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- November 23 2023
Meritz Fire & Marine Insurance appoints new CEO amid leadership reshuffle
Kim Joong Hyun has been appointed chief executive of the Korean carrier while the incumbent CEO Kim Yong Beom steps down to oversee the group’s overall financing.
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- November 22 2023
AIG veteran Tomi Latva-Kiskola to head Everest Insurance Asia
Swee Keong Mah, current interim head for Asia, has been appointed as chief executive officer, Everest Insurance Singapore.
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- November 22 2023
Cyber threats biggest worry for APAC enterprises: Aon risk survey
Only two of the top five current risks in the Asia Pacific are insurable and half of the overall top 10 are uninsurable at present.
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- November 22 2023
IAG Australia hires Liberty’s Ashley Leszczuk as lead liability underwriter
Sydney-based Leszczuk will start his new role on November 27.
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- November 22 2023
Chubb Australia names Andrew Whitlock as senior casualty underwriter for major accounts
Whitlock, who was most recently senior casualty underwriter for corporate and construction at Chubb's London office, will relocate to Sydney to assume his new role.
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- November 22 2023
El Niño likely to continue till March 2024, says Australian weather bureau
The sea surface temperatures are hovering above El Niño thresholds into the early Southern Hemisphere autumn of 2024 while the event is gaining moderate strength.
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- November 21 2023
Volante takes China Re’s Liu Song as treaty director
Singapore-based Song will be the Lloyd's player's portfolio director responsible for treaty business in South-East Asia, Greater China, and South Korea.
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- November 21 2023
IAG’s New Zealand flood and cyclone payouts top US$600m
The country's largest carrier has called on the government to prioritise flood resilience as the economic toll of summer of storms continues to mount.
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- November 20 2023
IAG names Jacqueline Rush as executive manager to transform complaints system
Melbourne-based Rush will report to the Australian carrier's chief customer and marketing officer Michelle Klein.
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- November 20 2023
Vietnam connects to Asean compulsory motor insurance system
Bao Viet Insurance is the only Vietnamese carrier approved to issue blue cards that prove that a vehicle has third-party liability cover to be used across Asean borders.
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- November 17 2023
Oneglobal Broking appoints Joey Lim as Singapore P&C head
Lim, who starts on November 17, joins from Marsh and will lead the broker's corporate team in the Lion City.
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- November 17 2023
Fitch affirms QBE’s rating as underwriting performance improves
The Australian carrier improved its COR to 86% and posted insurance services result of US$337m in H1 2023.
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- November 17 2023
Malaysia’s MAA Group to sell 85% stake in Filipino subsidiary
The group will sell its share in MAA General Assurance Philippines to Triple P Philippines for US$49.3m with an option to sell the remaining 15% stake for US$8.7m within 14 months.
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- November 17 2023
Cover-More global CEO Cara Morton to run Zurich Global Ventures
Sydney-based Morton will relocate to Zurich and start in her new role on February 1, 2024 and will report directly to Zurich Insurance Group CEO Mario Greco.
