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- May 3 2023
Zurich promotes Alexandra Wrobel to head of cyber for commercial insurance Asia
Wrobel was most recently the head of casualty, commercial insurance Hong Kong.
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- May 2 2023
BMS acquires Australian MGA Gard Insurance
The deal, which is the first acquisition of an Australian underwriting agency for the specialist broker, includes hospitality specialist ALE Underwriting.
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- May 2 2023
Guild Insurance capital adequacy to remain strong in medium term: AM Best
AM Best has affirmed the insurer rating at A- (excellent) with a stable outlook, taking note of its very strong balance sheet.
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- May 1 2023
16 Hong Kong insurers launch GBA cross-border motor cover
Vehicles from the SAR travelling to Guangdong via the Hong Kong-Zhuhai-Macau Bridge are eligible from July 1 to buy unilateral recognition policy.
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- May 1 2023
Shinkong Insurance could sustain stable COR, positive underwriting results: AM Best
The insurer has been rated “a” (excellent) for its very strong balance sheet, adequate operating performance, neutral business profile and appropriate enterprise risk management.
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- April 28 2023
Zhongyuan sees stable business ahead, cat cover low: AM Best
AM Best has affirmed the insurer a rating of B++ (good) with a stable outlook, but says it requires more cat reinsurance.
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- April 28 2023
Hinduja Group offers to inject US$43m into India’s Reliance General Insurance
The offer is part of the group's takeover bid for troubled financial services group Reliance Capital, which owns 100% of the general insurer.
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- April 28 2023
Australian MGA Xenon approved as Lloyd’s coverholder
Xenon Underwriting will offer SME, complex and high hazard property and liability lines, through several Lloyd's binders.
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- April 27 2023
Perils revises Australia October flood losses to A$907m
Personal lines property losses constituted 65% of the total industry loss, while commercial lines property losses represented 25% and motor losses at 10%.
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- April 27 2023
Licence of Sri Lanka’s Co-operative Insurance suspended, Fitch downgrades again
The downgrade to BB from BBB comes after a governance breach saw all new business stopped until May 2.
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- April 26 2023
Sompo to focus on integrating domestic and oveseas businesses: report
The Japanese group does not see the need for further acquisitions, says COO Mikio Okumura.
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- April 26 2023
Philippines oil spill damages hit US$68m: NDRRMC
The sinking of MT Princess Empress in Oriental Mindoro has directly affected 24,000 fishermen and a total of 40,897 families, says the country's disaster management agency.
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- April 25 2023
MSIG signs 15-year bancassurance deal with HSBC in Singapore
Under the exclusive general insurance distribution agreement, the bank will offer products to its commercial and retail customers.
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- April 24 2023
Tower to sustain underwriting profits despite nat cat events: AM Best
The majority of the gross cost involved with weather events was absorbed by its catastrophe excess-of-loss reinsurance treaty.
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- April 24 2023
QBE appoints Serene Davis as global head of cyber
Davis was previously with Beazley as regional manager of the West and head of the Los Angeles office.
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- April 24 2023
IAG revives RACQ takeover talks: report
The Australian reported that discussions have resumed between both parties even as a conclusive deal could take time and is ‘some way off’.
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- April 21 2023
Lloyd’s syndicate Volante Global launches India office
The syndicate has hired Laxmeekant Walikar, former India CUO at Axa XL, as India managing director in Mumbai.
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- April 21 2023
Singapore extends ILS grant scheme till 2025
The Monetary Authority of Singapore's US$11.25m grant will subsidise the cost of issuing catastrophe bonds and the expanded suite of securities that focus on Asia risks.
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- April 21 2023
Helia Insurance to see underwriting stress in medium term: Fitch Ratings
The rating agency has affirmed the lenders mortgage insurance company an'A' (strong) rating with a stable outlook.
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- April 21 2023
QBE to maintain high-single digit growth in 2023 with a 93.5% COR target: Fitch
Fitch’s CreditSights has re-initiated coverage on QBE Group Insurance with a ‘market perform’ recommendation.
