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- December 2 2022
Japan’s insurers to improve profitability from domestic underwriting in 2023: Fitch
All three major non-life groups’ net insured losses from local nat cats more than tripled in H1 2022/3.
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- December 1 2022
Honan Insurance acquires logistics expert ATIA
The Melbourne-based target, which will continue to use its brand, also offers financial and political risk advisory.
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- November 30 2022
AM Best sees decline in available reinsurance capital by year-end, outlook remains stable
Pricing is likely to further harden by end of the year and it could impact 2023 renewals, the rating agency said.
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- November 30 2022
Zurich remains ‘open to India opportunities’ as it drops out of Reliance bid
The Swiss carrier had reportedly bid US$465m for the general insurance arm of Reliance Capital in the previous round.
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- November 30 2022
Australia floods: insurers settle US$2.37bn in 2022 claims
About 69% of the 237,000 claims raise this year have been settled to date, according to data from the Insurance Council of Australia.
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- November 30 2022
Aon shakes up APAC reinsurance leadership
Robert De Souza to take charge as regional president, Reinsurance Solutions and John Carroll to succeed him as Australia and New Zealand CEO.
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- November 30 2022
Steadfast-owned Insurance Brands Australia snaps up Victoria broker
The Mattiske & Henderson acquisition is the broker's second deal in two weeks following its Aus Insurance buy earlier this month.
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- November 30 2022
Zurich relocates UK exec as Australia property and marine head
Evan Moore will start in the newly created Sydney-based role in February.
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- November 29 2022
QBE’s underwriting profitability likely to moderate: Fitch Ratings
The Australian giant improved its combined ratio to 82% in H1 2022, but inflation and reinsurance costs are increasing.
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- November 29 2022
Tracking Asia’s volatile marine market
Why rates and claims are on the increase and how brokers and underwriters can respond.
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- November 29 2022
Indian agri insurance start-up Kshema gets regulatory nod
The digital rural insurer is the first to get a carrier licence in five years; IRDAI said there are 18 applications in the pipeline.
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- November 29 2022
Korea’s Construction Guarantee Insurer’s outlook stable over strong capital: Fitch
The carrier's A rating with stable outlook was affirmed due to its ‘very strong’ capitalisation backed by state support.
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- November 28 2022
AIG appoints Lily Claydon as APAC chief risk officer
Claydon joins the insurer in Singapore after serving as head of risk management at bolttech.
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- November 28 2022
Bank Negara Malaysia to invite bids for digital insurer licences
The central bank will issue up to five licences after the regulatory framework is finalised next year.
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- November 28 2022
IRDAI to relax norms for investors in insurance, fund-raising; changes reinsurance rules
Ease of raising capital expected to usher in long-term investments, as reinsurance retained in the country to be 50%.
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- November 28 2022
Tokio Marine Kiln hires APAC marine underwriter from Chubb
Singapore-based Timothy Wills was most recently marine cargo product manager, Australia at Chubb.
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- November 25 2022
Motor profitability to drive China P&C, outlook revised to stable: Moody’s
Premium growth will remain solid over the next 12-18 months.
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- November 25 2022
Gallagher acquires Smart Insurance in Australia
This is the sixth deal in the country in as many months for the US broker with more deals in the pipeline.
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- November 25 2022
Reinsurance rates to rise the most in Australia: Fitch
Rates for property catastrophe should increase by over 10% when contracts are renewed in 2023.
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- November 24 2022
IRDAI proposes single management expense limit for insurers
The regulator has given additional allowances to the rural sector, government welfare schemes, insurtech and awareness programmes.