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- June 9 2023
Gallagher Australia recruits Richard Malton to bolster mining capabilities
Brisbane-based Malton joins from Marsh and is a mining sector specialist.
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- June 8 2023
GIC Re set to appoint Ramaswamy Narayanan as chairman
The government will also appoint United India Insurance general manager Rajeswari Singh as chairman and managing director of National Insurance.
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- June 8 2023
Sri Lankan insurers’ profits to be hit by inflation, currency devaluation: Fitch
Underwriting profit for P&C insurers to be squeezed by rising motor spare-part costs, while sparse foreign-currency liquidity is hampering firms.
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- June 7 2023
Guy Carpenter hires ex-Scor CEO to head EMEA, India and global capital solutions
London-based Laurent Rousseau will report to the reinsurance broker's president and CEO Dean Klisura.
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- June 7 2023
ICA unveils 187 Disaster Ready Fund projects for disbursement
The Australian industry association says the US$267m resilience investment for items such as flood levee design and improved hazard data and mapping marks a new era and will help reduce premium pricing.
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- June 6 2023
Axa rejigs leadership team, Gordon Watson becomes Asia non-exec chairman
With the reshuffle, Japan and Greater China will report to George Stansfield, group deputy CEO, while South-East Asia and India will be overseen by Hassan El-Shabrawish, CEO of international markets.
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- June 6 2023
Arch Insurance appoints Lucy Wood as northern region manager for A&H
Sydney-based Wood will manage the portfolio and the underwriting team for the region, including New South Wales, the Australian Capital Territory and Queensland.
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- June 5 2023
Alastair Stuart to lead Chubb’s new Singapore aviation hub
The unit is part of Chubb Global Markets' global expansion in general aviation and aerospace business.
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- June 5 2023
Axa XL ropes in Evelyn Pang as global program and captive manager for Asia
Hong Kong-based Pang, who joins from Berkley Insurance Asia, will report to the (re)insurer's HK CEO Jamie Chambers.
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- June 5 2023
Petronas’ captive could see further stress ahead, outlook negative: AM Best
Outlook for Energas Insurance, which had a COR of 106% for FY 2022, has been downgraded to negative by the rating agency.
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- June 2 2023
Union Insurance to sustain growth, solvency ratio despite Covid losses: AM Best
The rating agency has affirmed an insurer rating of A- (excellent) with a stable outlook for the Taiwanese carrier.
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- June 2 2023
Miller taps Lockton’s Craig McCoig-Lees for APAC reinsurance build-out
Singapore-based McCoig-Lees will support the broker's facultative and treaty offerings in the region.
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- June 2 2023
China proposes new reinsurance board in Shanghai
An international reinsurance market will be set up in Shanghai free trade zone to promote the city as an international reinsurance hub.
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- June 2 2023
Indonesia Re likely to get capital injection from government in Q3 2023: Fitch
The reinsurer will continue under negative watch as its regulatory capital ratio dropped to 121% in Q1 reflecting reserve top-ups and a net loss.
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- June 1 2023
Sedgwick elevates Amanda Hillier to forensic accounting partner in Australia
Hillier has been responsible for operational quality in this division since 2011.
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- May 31 2023
Steadfast’s CHU to join Australia cyclone pool
Strata books of the MGA and Flex Insurance as well as its build-to-rent portfolios will enter the ARPC reinsurance pool from July 29.
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- May 31 2023
AIG exits Pakistan, sells business to TPL Insurance
The scheme of arrangement has a December 31 deadline for transaction completion.
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- May 30 2023
China’s SDIC to sell its 20% stake in Jintai Insurance: report
The state-owned investor, which is the second-largest shareholder of the Chengdu-based general insurer, has set a US$7.5m base price for the stake.
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- May 29 2023
ICA declares New South Wales hailstorm as significant event
Insurers have received 7,552 claims relating to the hailstorm with about 80% of those damage for motor vehicles as of the first half of May 29.
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- May 29 2023
IRDAI proposes perpetual licence for brokers: report
The regulator plans to remove the three-year renewal requirement for intermediary licences as part of recommended amendments to Insurance Act.
