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- March 10 2023
Tokio Marine overseas profits to account for over 60% of total in FY 2023: Fitch
The rating agency has affirmed Tokio Marine & Nichido Fire Insurance's financial strength rating at 'AA-' (very strong) with a stable outlook.
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- March 9 2023
Gallagher Re acquires WTW’s India treaty business, puts Vinod Krishnan in charge
The broker will consolidate its reinsurance teams in the country with Krishnan relocating to Mumbai.
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- March 9 2023
Sompo Japan partners space start-up to offer satellite cover
The carrier to partner with Japanese startup Warpspace, which will help assess the risk of launch accidents or collisions in orbit.
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- March 9 2023
Minesh Jani to lead Howden Tiger’s India operations
Jani’s mandate is to expand treaty, retrocessional and specialty reinsurance solutions in Middle East, Africa and India.
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- March 8 2023
China to replace CBIRC in regulatory overhaul: report
The new regulator will bring supervision of the industry, excluding the securities sector, into a body directly under the State Council.
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- March 8 2023
PIAM issues climate change warning amid serious Johor flooding
As severe flooding moves beyond the monsoon season, there is demand for a government-supported flood scheme through a public-private partnership.
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- March 8 2023
New Zealand P&C insurers staring at weaker earnings season: S&P Global
Kiwi's carriers have adequate capital buffers despite two Q1 mega weather events which will contribute to rising reinsurance costs.
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- March 8 2023
Litigation insurance specialist Litica expands APAC capacity
The additional capacity enhances the carrier's 'capabilities for litigation and arbitration risks in Hong Kong, Singapore, Australia and New Zealand'.
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- March 8 2023
Swiss Re secures US$700m alternative capital from JP Morgan
The stop-loss protection will run across the financial years 2023 to 2027 covering severe underwriting losses.
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- March 7 2023
WTW appoints Tony Calnon head of complex claims for Australasia
Calnon joins the broker from loss adjuster Crawford, where he was a forensic accountant.
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- March 6 2023
Queensland starts CTP review as it warns carriers may exit low-profit scheme
The regulatory review is focused on improving the sustainability of the scheme and will not change premium-setting processes and compensation benefits.
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- March 6 2023
UOI appoints Andrew Lim chief executive, founders retire
Wee Cho Yaw and Hwang Soo Jin, who were the founders of the Singaporean carrier, will retire as directors on April 14, 2023.
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- March 6 2023
MI Insurance Brokers names Tiffany Lung MD
In a senior management rejig, Kelvin Wong, former chief executive and responsible officer at the broker, has been made an executive director.
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- March 6 2023
Tower places reinsurance reinstatement cover
Tower said it now maintains sufficient protection for two additional catastrophe events in FY 2023 following the Auckland flooding and Cyclone Gabrielle.
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- March 3 2023
Swiss Re, Aon team up for parametric earthquake cover for Nepal hydropower project
This is the first time that the IFC and other developmental agencies have agreed to finance a construction project backed by parametric insurance.
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- March 3 2023
Saga calls off Acromas sale talks with Australia’s Open
The Sydney-based digital insurer was reportedly leading the race for the UK insurance group's personal lines underwriting arm.
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- March 3 2023
Gallagher Re hires Shilpa Pankaj as APAC agriculture co-head
Based in Singapore, the former Guy Carpenter exec will also co-head agriculture for EMEA and Latin America alongside David Gregori.
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- March 2 2023
Himalayan Re expected to complete US$23m IPO this month: AM Best
The rating agency has placed the Nepalese reinsurer’s rating under review with positive implications due to the proposed listing.
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- March 1 2023
BMS acquires Sydney broker Armstrong Nisbet
Armstrong Nisbet Insurance Brokers is a construction and engineering specialist that has insured iconic projects such as the Sydney Opera House.
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- March 1 2023
Four insurers preparing GBA one-policy motor cover: report
Ping An, China Taiping, Zurich and Asia Insurance are looking to take advantage of a HK/Guangdong travel scheme.