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- November 16 2022
AA Insurance names Michelle James as CEO
James, who joins from Tower Insurance, will assume office in February 2023.
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- November 16 2022
Korean property insurers raided over price rigging: report
The seven property insurers, including Samsung Fire & Marine and KB Insurance, were fined by the Fair Trade Commission in April.
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- November 16 2022
Government proposes Sri Lanka Insurance restructure
The idea is to help improve the firm’s operational performance and efficiency.
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- November 16 2022
Axa commits to South Korea: report
Korea CEO Guillaume Mirabaud said Korea is geographically important as a technical support provider for Axa South-East Asia.
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- November 15 2022
Stable outlook for Asuransi Wahana Tata as premium growth recovers: Fitch
The AA-rated Indonesian general insurer reported 19% premium growth for the first nine months of 2022.
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- November 15 2022
Japan’s P&C ‘Big Three’ chart growth via overseas acquisitions
MS&AD, Tokio Marine & Sompo keen for niche strategic deals while ensuring dividend payouts.
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- November 14 2022
Top Australian banks, insurers agree to settle credit insurance lawsuit for US$84m
QBE, Zurich and Colonial Mutual Life are among carriers that have agreed to the settlement in the class action initiated by Slater & Gordon.
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- November 14 2022
Tune Protect Re expected to diversify over ‘medium’ term
The Malaysian player is likely to sign up with new business partners, according to AM Best.
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- November 11 2022
Ransomware group targets IRDAI: report
The Indian Computer Emergency Response Team is understood to have been alerted.
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- November 11 2022
Evergreen captive sees ‘favourable’ net claims: AM Best
AM Best expects that marine underwriting results will continue to be the main driver of its bottom-line.
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- November 10 2022
Chubb promotes Ben Howell to lead APAC consumer business
The regional head of A&H takes on the role with immediate effect.
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- November 10 2022
ZhongAn’s investment income balances ‘marginal’ underwriting result: AM Best
Investments will continue to be the main driver of profits over the medium term.
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- November 10 2022
Nepal’s regulator rebrands as new Insurance Bill enacted
The Nepal Insurance Authority, previously known as Beema Samiti, will keep the same board.
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- November 10 2022
ASIC warns insurers of likely surge in claims, seeks higher preparedness
Australian securities regulator said firms need to gear up for the summer as La Nina persists.
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- November 9 2022
Adva Underwriting brings on board Joanne Chan for APAC marine cargo foray
Chan, who joins the specialist MGA in Hong Kong, will focus on bringing additional capacity in the region.
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- November 9 2022
FM Global opens US$57m Singapore risk management centre
The facility in the Singapore Science Park will also house the insurer's Asia head office.
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- November 8 2022
APRA’s new capital guidelines won’t impact ratings, says Fitch
Fitch believes the latest regulatory expectations may carry implications for the pricing of capital instruments.
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- November 8 2022
Suncorp cat claims in Q1 hit about 50% of deductible
The Australian insurer said it expects its nat cat claim costs to be in the range of US$225m-US$263m between July and October 2022.
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- November 7 2022
WTW appoints Oliver Scarr as head of cargo in Asia
Based out of Singapore, Scarr will report to Lewis Hart, head of marine for the broker in Asia.
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- November 7 2022
IRDAI may ease capital norms for insurers
The Indian regulator is mulling opening up the sector for different types of companies such as banks and microfinance companies.