-
- February 15 2023
InsuranceDekho raises US$150m via equity and debt
The Indian insurtech is targeting annualised premiums of US$423m by the end of March.
-
- February 15 2023
Marsh McLennan promotes Renée McGowan to India/MENA CEO
The new role for the Mercer president of Asia, Middle East and Africa is part of a series of regional appointments at the broking group.
-
- February 15 2023
Ping An floats first-ever ocean carbon sink insurance
Product provides US$58,000 worth of cover against specific changes in the marine environment that damage local species.
-
- February 14 2023
FM Global handed Korea licence
The commercial property specialist has appointed Yong-Ju Shim as the Seoul office manager.
-
- February 14 2023
Thai Re could tighten terms to limit underwriting losses: Fitch
Thai Reinsurance’s financial strength rating has been affirmed at 'A-' (strong) with a stable outlook.
-
- February 13 2023
Bangladesh reinsurance policies at risk of lapsing due to dollar shortage: report
Several cedents have been unable to pay premiums over many months due to restrictions on foreign currency remittance from the country.
-
- February 13 2023
Auckland floods and Turkey earthquake add pressure on upcoming renewals
Recent disasters are likely to trigger reinsurance payouts and add to the capacity woes and rate increases that's been vexing renewals.
-
- February 10 2023
Australia’s Open in exclusive talks to acquire Saga underwriting unit
Gibraltar-based Acromas is a personal lines underwriter for Saga and AA Insurance.
-
- February 10 2023
Zurich APAC COR improves to 91.7% as P&C GWP jumps 18%
APAC premiums grew to US$3.47bn in FY 2022 as the region saw a strong travel insurance recovery.
-
- February 10 2023
Lockton appoints ex-JLT Australasian CEO as Pacific president
Leo Demer will work closely with Paul Marsden, Lockton’s CEO (Australia and Pacific) and starts on February 13 in Sydney.
-
- February 9 2023
French consortium to acquire CCR Re majority interest
New owners will infuse US$215m in fresh capital into the reinsurer, which derives around 25% of its premium income from Asia.
-
- February 9 2023
Aon names Stephen Rudman as Asia head of marine
Rudman, who joins from Gallagher, will be based in Singapore and reports to Paul Young, head of commercial risk solutions for Asia.
-
- February 8 2023
Medibank faces class action suit over data hack: report
The lawsuit against the insurer was filed by Baker McKenzie and funded by litigation funding company Omni Bridgeway.
-
- February 8 2023
Japan’s hardening markets force cedents to review reinsurance plans: S&P
The consolidated net income of Tokio Marine, MS&AD, and Sompo will decrease year on year in FY 2022.
-
- February 7 2023
Gallagher continues deal spree with Melbourne broker buy
Professional Insurance Solutions, led by John Whiteside, was set up in 2008 and is focused on SME clients.
-
- February 7 2023
BYD acquires online insurer for US$530m: report
The deal was done on January 31 with the EV maker agreeing to acquire 100% equity of the carrier, which had entered bankruptcy last year.
-
- February 7 2023
Scor’s rating downgraded over profitability issues and surprise CEO exit: Moody’s
Moody's expects that it will take time for the senior management to rebuild the group's track record.
-
- February 6 2023
ICICI Lombard cuts down underwriting losses: AM Best
The global rating agency has affirmed a financial strength rating of B++ (good) with a stable outlook.
-
- February 6 2023
AM Best downgrades Fubon Insurance’s credit rating as Covid losses mount
The Taiwan P&C carrier's rating has been changed to “A” (excellent) from “A+” and is under review with negative implications.
-
- February 6 2023
Asia Q4 2022 property pricing up 2% as casualty fell 1%: Marsh
Cyber rates increased 22%, an improvement over previous quarters, as more capacity entered the market.