-
- September 18 2023
Hotai Insurance removed from ‘under review’ as Covid claims’ situation improves: AM Best
With pandemic claims stabilising, a capital injection and a recovery in investments, the Taiwanese P&C player released reserves during H1 2023 helping the firm to a US$37.5m profit.
-
- September 15 2023
Extreme heat, typhoon ‘most concerning’ climate hazards for APAC: MSCI
Fujian, Hong Kong, Shanghai, Hainan and Guangdong are among some of the most at-risk regions for tropical cyclones, according to the data firm.
-
- September 15 2023
Taiwan P&C insurers resilient under cat risks, says regulator after stress test
The test results showed that the overall capital adequacy ratio of the island's P&C insurance was 337.2%, while net worth ratio stayed at 19.62%,
-
- September 14 2023
Markel to expand in Australia with three new offices
The specialty insurer will be headquartered in Melbourne and headed by Axa XL's Rory Morison, who will start on September 27.
-
- September 14 2023
Steadfast acquires Riskcom and its subsidiary to expand risk management capabilities
Riskcom and BRM will retain their brands and continue to operate as standalone businesses.
-
- September 14 2023
Pacific & Orient Insurance to see more underwriting stress ahead: Fitch
Fitch Ratings has affirmed the company an insurer rating of'BBB+' (good), with a stable outlook mainly taking into account strong capitalisation.
-
- September 13 2023
Indonesia’s Mega Insurance to pare credit insurance portfolio: Fitch
Fitch Ratings has affirmed an insurer rating of 'A+ for the company with a stable outlook while its COR improved to 87% in FY 2022 as against 93% in FY 2021.
-
- September 13 2023
Axa XL appoints Laetitia Lebas to head of mid-market APAC, Europe
Paris-based Lebas will be responsible for the implementation of the French insurer's mid-market strategy in Asia and Australia,
-
- September 12 2023
QBE takes Richard Chien from Taiping Re as Greater China property head
Hong Kong-based Chien will be responsible for leading the insurer's teams in Hong Kong and Macau.
-
- September 12 2023
Swiss Re’s Mael He becomes head of client underwriting, China
Prior to the appointment this month, He was heading the reinsurer's APAC agriculture business.
-
- September 12 2023
+8 Partners ropes in Phillip Emmanuel as head of logistics
Emmanuel was most recently Asia Pacific regional director and logistics insurer TT Club Mutual Insurance.
-
- September 11 2023
Delta to expand underwriting capacity riding on growth: AM Best
AM Best has affirmed the performance assessment of PA-2 (excellent) to Delta Insurance New Zealand and Delta Underwriting Singapore with a stable outlook.
-
- September 11 2023
Despite volatility, Asian reinsurers set for better underwriting results: AM Best
The overall combined ratio of APAC's leading reinsurers improved slightly to 100.8% in FY 2022 from 101.1% in the previous year.
-
- September 11 2023
Dual promotes Leo Abbruzzo to executive chairman for ANZ as it rejigs regional leadership
Deputy CEO Michael Ussher takes on additional responsibilites at the Howden-owned MGA, which has also named a new Australia, New Zealand CUO and a head of national partnerships.
-
- September 11 2023
Hong Kong tech hub receives ransom demands after data breach: reports
Hackers are demanding around US$300,000 to return the data taken from startups in Cyberport, which also incubates several insurtechs.
-
- September 11 2023
Asian reinsurance rates to stay high in FY 2023: Fitch
Rate increases and tighter renewal terms have offset the impact of inflation-induced rising claims.
-
- September 8 2023
Sompo Japan CEO Giichi Shirakawa steps down over Bigmotor scandal
The top executive will resign and take responsibility for the company’s handling of the insurance fraud, while a nomination committee has been constituted to find a successor.
-
- September 8 2023
S&P upgrades reinsurance outlook, hardening to continue
The average combined ratio of the top 20 global reinsurers was 96% in FY 2022 with positive trends continuing in H1 2023.
-
- September 8 2023
Tysers Singapore ropes in Babita Rai as reinsurance MD
In her new role, Rai will lead the AUB Group-owned Lloyd's wholesale broker's reinsurance operations in the Lion City.
-
- September 8 2023
AIG hires BHSI’s senior exec Kathleen Warden as head of client and broker engagement, APAC & Australia
She will continue to be based in Sydney and is scheduled to begin the new assignment with effect from September 12.
