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- 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.
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- 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.
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- 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.
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- 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.
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- 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.
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- 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.
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- 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.
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- 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.
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- August 14 2023
Aon appoints head of Philippines reinsurance arm
Jun Galita has close to three decades of experience in the (re)insurance market.
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- August 14 2023
Zurich makes two senior promotions in Hong Kong
Justina Tang (pictured left) is elevated to head of commercial claims and Christy Chau (pictured right) becomes head of direct, financial institutions and partnership.
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- August 14 2023
CBIC’s outlook stable over premium growth: AM Best
The rating agency has affirmed an A- insurer rating for Chinese-owned Hong Kong insurer with a stable outlook.
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- August 11 2023
Central Re will restore its non-life underwriting profitability after Covid hit: AM Best
AM Best has affirmed the Taiwanese reinsurer with a rating of “a” with a stable outlook.
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- August 11 2023
Reinsurance costs surge 50% in the Philippines: report
Reinsurers have either withdrawn or reduced exposure leading to higher non-life product prices, according to Malayan Insurance's CUO.
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- August 10 2023
Zurich’s H1 APAC COR climbs to 93.4%; P&C GWP grows to US$1.82bn
On a like-for-like basis, commercial premium grew 11% and retail premium grew 17%, driven by Australia and Indonesia.
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- August 10 2023
BMS Re appoints Sean Sperring to develop APAC facultative book
He is based in Singapore as a director and was previously a facultative property underwriter at Munich Re in Sydney.
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- August 9 2023
China’s regulator urges insurers to settle claims from recent floods faster: report
Data from the National Administration of Financial Regulation shows 189,100 claims with damage related to property, vehicles and agriculture.
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- August 9 2023
MGA Delta Insurance hires D&O specialist
Glenn Dawson is based in Auckland and will assume the role of senior underwriter and D&O product manager.
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- August 8 2023
Tokio Marine sets up ‘special committee’ in response to price-fixing allegations
External lawyers to examine TMNF after Japan's four largest non-life players were accused of price-fixing, as media report says the Japan Fair Trade Commission has launched an investigation.
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- August 8 2023
Aon appoints Jamie Wan as director, transaction solutions, Asia
Singapore-based Wan reports to Xianwei Lee, head of transaction solutions, Asia.
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- August 8 2023
Taishan P&C’s 2023 underwriting result hinges on motor claims: Fitch
Fitch Ratings has affirmed an insurer rating of 'BBB+' for the Chinese insurer, with a stable outlook.
