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- March 31 2023
Marsh veteran Ramon Zandueta joins Oona Philippines as CEO
Marsh Philippines chairman since 2021, Zandueta will spearhead take charge at the Filipino general insurer on May 1.
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- March 31 2023
Hollard Insurance’s underwriting to benefit from lower expenses and rate hikes: AM Best
The rating agency has affirmed an insurer rating of A- (excellent) with a stable outlook for the company.
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- March 31 2023
Swedish Club hires Thorbjorn Emanuelsson as director underwriting for Hong Kong
The appointment of Emanuelsson, who joins the P&I club from Gard, follows the recent promotion of Lars A Malm to managing director of the SAR office.
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- March 31 2023
Mitsui Sumitomo’s underwriting to improve to pre-pandemic levels: Fitch
The rating agency has affirmed an insurer rating of 'A+' (strong) with a stable outlook to the company.
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- March 31 2023
Bolttech ties up with Tune Protect for digital devices cover in Malaysia
The insurer will underwrite protection for cracked screens, accidental and liquid damage for mobiles and the insurtech will provide device support services.
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- March 31 2023
Cyclone Gabrielle initial losses at US$940m: Perils
This is substantially higher than ICNZ data which came out a week ago at US$555.3m.
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- March 30 2023
Medibank served another lawsuit for cyber security lapse
Law firm Quinn Emanuel Urquhart & Sullivan has initiated a class-action lawsuit for breach of disclosure obligations.
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- March 30 2023
IA imposes penalty on Hong Kong broker over lapses
Convoy Financial Services failed to keep separate client accounts and maintain proper books and records.
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- March 29 2023
Igloo partners Scor, PVI for parametric coffee cover
It will offer weather index insurance of up to US$1,700 per hectare to coffee farmers in Vietnam's five central highlands provinces.
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- March 29 2023
Australian brokers placed US$12.4bn premium in second half of 2022: APRA
The figure was a 7.6% increase over the same period in 2021 and included US$1.6bn with Lloyd's.
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- March 28 2023
HDI International leads Thai insurtech Roojai’s US$42m fundraise
The funding, which also saw IFC invest, will support its expansion in Indonesia and the Philippines as well as M&A.
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- March 28 2023
Bolttech appoints Le Thi Ngoc Huong as Vietnam general manager
Huong was earlier with PTI Vietnam, responsible for managing distribution channels and partnerships, as well as developing strategic business plans.
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- March 28 2023
China Pacific P&C COR improves to 97.3%, non-motor sales spurt
The Chinese giant's P&C GWP climbed 11.6% to US$23.8bn in FY 2022.
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- March 28 2023
Sinosure underwriting results to see ‘marginal’ growth in long term: Fitch Ratings
The rating agency has affirmed the Chinese trade credit insurer's rating as A+ (strong) with a stable outlook.
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- March 28 2023
Lexasure-Blimobil deal to offer specialty reinsurance products
Blimobil is looking to offer insurance for cyber, asset protection, usage-based motor, home appliances and extended warranty.
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- March 27 2023
World Bank’s largest cat bond to list on Hong Kong bourse
The US$630m bonds-swaps combo, which provides earthquake coverage to the government of Chile, will start trading on the city exchange on March 28.
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- March 27 2023
How to build more inclusive insurance markets
In APAC, accessibility appears to be one of the most significant factors for the lack of L&H insurance inclusion.
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- March 27 2023
Marsh McLennan appoints Sanjay Kedia India CEO
The Marsh India country head will assume an additional role in the ongoing senior leadership shuffle in the region.
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- March 24 2023
China Taiping’s Macau P&C arm could see 71% COR ‘normalise’ this year: AM Best
The economy in the gambling mecca is showing signs of recovery from the pandemic with tourists returning.
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- March 24 2023
Marsh McLennan appoints Josh Roach as New Zealand CEO
The new role will be in addition to his current responsibilities as Marsh New Zealand CEO.
