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- October 17 2023
China Taiping’s ratings upgraded on improving margins, risk control: S&P Global
The Chinese carrier's earnings will stabilise going forward and it will reduce debt in the next two years, the rating agency said.
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- October 16 2023
IRDAI restrains bidder to pledge Reliance General shares for parent sale: report
RBI-appointed administrator of debt-ridden R-Cap has written to Hinduja Group firm to submit a fresh application along with the source of funds and the business plan.
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- October 16 2023
CDB Aviation receives US$194m payout from Russia’s NSK over Aeroflot claims
Parent China Development Bank Financial Leasing said the payment covers four undisclosed aircraft, and that CDB will continue proceedings against other insurers in the Irish courts.
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- October 16 2023
Howden secures US$608m of Lloyd’s capacity for MGA tech startups
Howden Ventures has capacity provided by Lloyd’s underwriters, including Tokio Marine Kiln, Chaucer and Liberty Specialty Markets.
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- October 16 2023
Tower reports lower cyclone costs, spurt in GWP growth; upgrades FY profit forecast
The Kiwi P&C player has revised its net profit after tax guidance for FY 2023 to between US$4.2m to US$5.9m based on preliminary results.
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- October 13 2023
AIG takes BHSI’s Matthew Bond to head energy and construction for APAC
Bond, to be based in London and Singapore, will be responsible for underwriting and business development across the region.
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- October 13 2023
Samsung Vina Insurance signs property products deal with Shinhan Bank Vietnam
In the first six months of 2023, property insurance revenue in Vietnam achieved a growth rate of 10.9%.
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- October 13 2023
China’s Urtrust Insurance could see loss ratios climb: Fitch Ratings
The rating agency has affirmed the insurer's rating of 'BBB' with a stable outlook.
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- October 12 2023
Suncorp’s Vero slapped with ‘largest’ ever FMA penalty over multi-policy discounts
The New Zealand regulator said the general insurer and its intermediaries overcharged 42,000 customers by US$6m in premiums between April 2014 and May 2022 on house and contents, vehicle and boat insurance.
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- October 12 2023
Liberty Mutual Reinsurance appoints Alex Koh as senior underwriter
Koh was treaty manager for China Reinsurance Corporation (Group) in its Singapore branch.
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- October 11 2023
Axa completes India exit with sale of stake in life carrier to local partner
Indian JV partner Bharti Group is 'engaging with other strategic and financial investors to partner and or merge the business'.
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- October 11 2023
Everest ropes in Chubb veteran Stuart Kerr as head of international casualty
Kerr was most recently head of P&C Thailand and head of casualty Asia for the American insurance major.
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- October 11 2023
Allianz Partners, boltech tie-up for device and appliance insurance
Customers in Asia Pacific and the US will be able to purchase protection at the point of need for a range of household products, including mobile and digital devices, and household appliances.
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- October 11 2023
Indian insurtech InsuranceDekho raises US$60m in Series B funding round
The New Delhi-based firm has direct integration with 46 insurers across India offering more than 380 insurance products including 175 for life and health.
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- October 11 2023
Patrick Lam to head AIG Hong Kong motor & personal property
Lam joins from insurance platform boltech where he managed product and underwriting for motor.
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- October 11 2023
UK P&I Club’s Peter Jones to relocate to Singapore for underwriting director role
Jones is transferring to Singapore from the Club’s London office to help service the region’s shipowners and brokers.
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- October 10 2023
India may see rebound in insolvencies despite GDP growth set to outpace regional peers: Allianz Trade
The increase, about 36% this year, is largely driven by the catch-up effect due to the long suspension of courts during the Covid years, according to the trade credit specialist.
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- October 10 2023
Berkley hires Tony Yu as Greater China claims manager
Yu will report to Sica Quan, head of claims for North Asia, and Roden Tong, chief executive of the Hong Kong branch.
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- October 10 2023
Himalayan Everest Insurance in climate product pact with The Rockefeller Foundation
The Nepalese P&C player will design and launch "comprehensive" and "affordable" microinsurance with payouts linked to "climate shocks".
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- October 10 2023
Reinsurance-driven Indonesian non-life carriers continue to face underwriting challenges: AM Best
AM Best has assigned a negative sector outlook for the Indonesian non-life insurance sector due to heightened reinsurance credit risk.
