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- November 8 2024
Fitch upgrades QBE Insurance as profitability, capital buffer improve
The rating agency has affirmed QBE's insurer rating 'A-' taking into account its improving financial performance and solid capitalisation metrics.
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- November 7 2024
India’s Shriram General Insurance plans to list in 2-3 years: report
The firm is also planning to re-enter the crop insurance market, seven years after it exited the business, and intends to reduce reliance on motor line.
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- November 7 2024
Asian cyber market needs local expertise: Guy Carpenter’s Cordonnier
While there is no question on the potential for cyber growth in the region, for take-up to increase the market needs to develop products that are relevant to local clients.
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- November 7 2024
Asian specialty losses to be reflected in renewals: Swiss Re
The reinsurer’s specialty CUO Anne Lohbeck says engineering, inherent defect, cyber and credit & surety are growth drivers for APAC specialty book.
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- November 7 2024
Miller Insurance sets sights on expansion in Japan and South Korea as it continues to plough its APAC furrow
The broker is opening soon in South Korea and plans to “build pretty deep there”, and has some other plans in other territories to go too, said Ron Whyte.
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- November 7 2024
Cyber, property cornerstones in Beazley’s APAC growth strategy
Jessica Schappell, head of Asia Pacific at Beazley, outlines her vision for the region, focusing on deepening market penetration, leveraging a well-established team, and expanding the property and cyber insurance footprint.
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- November 7 2024
India 1.4 renewals to be particularly interesting: Peak Re’s Salian
Regulatory changes and significant growth in infrastructure, cyber and surety are the main factors that will shape the 1.4. 2025 renewal in India.
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- November 7 2024
Axa XL plans Asia ‘acceleration’ as it looks to double portfolio by 2026
The carrier eyes significant growth opportunities across India, China, Thailand and Indonesia as it plans to cement its position as a leading regional player.
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- November 7 2024
Asia presents vast potential for third-party capital: Peak Re’s Reynolds
The Asia Pacific region, with its exposure to numerous natural perils, offers vast opportunities for employing third-party capital, including ILS.
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- November 7 2024
Hurricane Milton, German floods to drive rates up: Peak Re’s Nowakowski
Civil commotion and political instability are additional factors that reinsurers must consider, said the chief underwriting officer.
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- November 7 2024
Indian reinsurers shifting towards enhanced domestic capacity and innovation: J.B. Boda
Domestic carriers are seeking partners who can offer capacity, support growth, advanced analytics and broad-based expertise, said Rohit Boda.
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- November 7 2024
APAC reinsurers face profitability, diversification, and risk management challenges: S&P Global
Wenwen Chen, director at S&P Global discusses key factors influencing the profitability of APAC reinsurers and the impact of retrocession costs.
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- November 7 2024
Growing demand for comprehensive loss data as natural disasters increase: Perils
As insurance penetration grows, there is a need to better understand the insured exposures and vulnerabilities in these regions, says Perils’ Darryl Pidcock.
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- November 6 2024
Xiaomi joins BNP Paribas, Volkswagen to enter Chinese non-life market
The country’s regulator has approved Beijing BNP Paribas Tianxing Property & Casualty Insurance as three-way JV between the smartphone maker's financial services arm, the French banking group and the carmaker's local lending arm.
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- November 6 2024
Australia’s NIBA appoints Phil Khoury as independent reviewer for the insurance brokers code of practice
NIBA reviews the code in consultation with stakeholders every three years to ensure it remains relevant and effective.
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- November 5 2024
New Zealand central bank warns of premium hikes for high-risk properties: reports
For vulnerable properties, flood risk premiums are becoming more common as the trend towards risk-based pricing continues, RBNZ noted.
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- November 5 2024
Queensland and NSW most vulnerable going forward for natural disasters: CGU Insurance
Currently there are 1.2 million properties at risk of flooding in Australia, while 230,000 properties face a 1-in-20 risk of flooding each year, the insurer said.
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- November 5 2024
Hallmark Insurance’s parent St Andrew’s Australia Services get APRA nod as holding company
The registration allows the firm to oversee one APRA-authorised life insurer and one general insurer under the regulatory framework.
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- November 4 2024
Liberty Mutual names APAC head of claims for international insurance business amid regional leadership reshuffle
The carrier has expanded its recently formed commercial and specialty (re)insurance team with the appointment of Robert Mercer, who is succeeding Carlos Alberto Martinez who will retire by the end of the year.
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- November 4 2024
Arch Indemnity could see underwriting results moderate as claims set to pick up: Fitch
The rating agency has assigned an 'A+' (strong) rating with a stable outlook to the carrier due to its moderate company profile, very strong capitalisation, financial performance and earnings, and support from the parent Arch Capital Group.
