-
- August 29 2023
Strata Community Insurance MGA hires Western Australia underwriter
Daniel Wales-Harding has relocated from London and will be based in Perth, reporting to Ian Mundy, state manager, Western Australia.
-
- August 28 2023
Indian government reneges on capital support to state-owned general insurers: report
The government last year provided US$600m in capital to National Insurance, Oriental Insurance and United India Insurance to meet regulatory solvency norms.
-
- August 25 2023
Tokio Marine China’s premium growth could be under pressure from tightening reinsurance rules: Moody’s
The rating agency has affirmed A2 rating with a stable outlook for the subsidiary of the Japanese insurer.
-
- August 25 2023
New Zealand announces US$524m for Auckland post-flood rebuild
The government will contribute up to US$229m or around 50% of the agreed buyout value less insurance payments for houses deemed unlivable.
-
- August 23 2023
Miller promotes Nigel Cross to Asia fac head, hands Matthew Hooker expanded role
Hooker will head client strategy in the region, while Cross, who steps down as head of Singapore, will assume an additional role leading the broker's regional underwriting market engagement.
-
- August 23 2023
Sompo International snaps up Allianz’s Alasdair Walker to head APAC distribution
Walker will continue to be based in Singapore and report to Paul O’Neill, president of commercial lines, insurance, Asia Pacific.
-
- August 23 2023
WTW appoints Adrian Chua as regional managing director for captives
Singapore-based Chua joins from Cigna Singapore, where he was the chief strategy officer.
-
- August 23 2023
Asian Captive Conference 2023 to set the agenda on self-insurance
The sixth iteration of the conference in Kuala Lumpur, co-hosted by Labuan IBFC and LIIA, will feature a diverse mix of professionals from the global captive industry.
-
- August 23 2023
Asian reinsurers lag behind global peers in FY 2022 P&C premium growth: AM Best
The combined ratio for APAC reinsurers for FY 2022 stood at 100.8% against a global average of 95.6%.
-
- August 22 2023
China adds US$69m to flood recovery fund as claims surpass 266,000
The funding will go towards compensation for property losses, damage to crops, animal and poultry farms, commercial forests, houses and agricultural machinery.
-
- August 21 2023
DPL Insurance to sustain underwriting profitability: AM Best
Underwriting results improved over the past five years, with COR reducing to 77.4% in FY 2023 from 96% in FY 2019.
-
- August 18 2023
Court upholds MG Non-Life insolvent status, sale process to continue
With the majority shareholder JC Partners losing the case, state-owned KDIC is likely to resume the sale by the end of this month.
-
- August 18 2023
AM Best downgrades Pakistan’s EFU following sovering rating downgrade
AM Best has given the general insurer a B- (fair) rating down from B (fair) while its outlook has been revised to negative from stable.
-
- August 18 2023
Chung Kuo earnings to be hit by impairment losses from reinsurance recoverables: Moody’s
The rating agency affirmed the Taiwanese insurer's rating at A3 with a negative outlook.
-
- August 18 2023
Tamara Gabriel joins Berkley Insurance Australia as senior underwriter
She has joined the specialty player's facilities team from Tokio Marine & Nichido Fire Insurance.
-
- August 17 2023
Chubb announces new country heads for Japan, Korea
Edward Kopp has been named regional president for the Far East and country president, Japan, and Janice Mo takes over as country president for Korea.
-
- August 17 2023
ASIC review pushes insurers to fix claims handling lapses
The regulatory review covering 218,000 claims lodged with six carriers, including Insurance Australia Group, QBE and Suncorp, saw shortcomings in communication, project management and resourcing.
-
- August 16 2023
Insurance Brands Australia appoints Scott Leis as chief executive
The Steadfast-owned broker also appointed Danielle Ritchie as chief operating officer and Rob Currenti as general manager for Insurance House.
-
- August 16 2023
Shanghai international reinsurance hub set for August 20 launch: reports
The regulator has granted licences to seven insurers, including two foreign-owned carriers, to start reinsurance operations from the centre.
-
- August 14 2023
HDI-backed PVI Re rebrands as Hanoi Re
There will not be any changes in the Vietnamese reinsurer's organisational structure and operational model.
