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- May 11 2023
Ping An P&C settled US$27bn of claims in 2022
The group, across its four insurance companies, paid for more than 200 million cases at an average of about 600,000 cases per day in 2022.
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- May 11 2023
China names former banker as head of new regulator
Li Yunze, who has worked at CCB and ICBC, has been appointed leader of National Financial Regulatory Administration, which is replacing the CBIRC.
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- May 11 2023
Raheja QBE appoints Rajeev Dogra as MD and CEO
Mumbai-based Dogra, who joined the firm in 2011, was most recently chief distribution officer.
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- May 10 2023
Axis Capital appoints Mark Gregory as head of global markets, including APAC
Gregory will oversee underwriting and business growth strategies for APAC, emerging markets and Latin America.
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- May 10 2023
Starr Insurance expands Malaysia operations with Labuan branch
Starr Labuan, to be overseen by Rawi Letchumanan, will take over all new and renewal business previously produced by Starr Underwriting Agents (Labuan).
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- May 10 2023
Kyobo Life Insurance eyes general insurance re-entry via acquisition: report
The life insurer denied reports that it was in talks to acquire a 51% stake in digital carrier Kakao Pay Insurance.
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- May 9 2023
Travel company EaseMyTrip plans to enter Indian non-life business
The board met on May 8 to approve plans to set up a wholly owned subsidiary to start a GI arm and consider overseas acquisitions.
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- May 9 2023
Shawnna Lin joins Starr Insurance as senior underwriter
Singapore-based Lin joins from MS&AD Group owned MS First Capital.
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- May 8 2023
Tower sees Auckland flooding costs double to US$142m
The Kiwi insurer, whose cat event reinsurance kicks in at US$7.5m, is expecting to book US$3.5m of H1 losses.
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- May 5 2023
Swiss Re rejigs Asia board with Victor Kuk appointed as CEO
Paul Murray steps down after becoming global CEO for L&H Re, while Deanna Ong has been named chairperson of the board.
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- May 5 2023
BHSI elevates Sydney-based Cameron Holmes to global role
Holmes will take charge as global underwriting officer, property for energy and construction.
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- May 4 2023
Asia commercial pricing moderates in Q1 2023: Marsh
Rates rose 1% in the region, while global commercial insurance prices increased 4% in Q1 2023, according to the broker's pricing report.
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- May 4 2023
India, Singapore lead Asia early-stage insurtech funding in Q1: Gallagher Re
India stood third globally in value terms with US$39m in investments, Singapore saw deals worth US$13.2m.
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- May 3 2023
New Zealand flood losses rise to US$1.08bn: Perils
The figure relating to the North Island event is a 6% increase from the initial loss estimate of US$1.03bn.
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- May 3 2023
Sri Lanka Insurance to hive off general insurance arm as it readies for sale: report
The state-owned insurer's portfolio includes more than one million general and life policyholders each, with a combined GWP of US$131m.
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- May 3 2023
HDFC Ergo GI elevates Anuj Tyagi to joint managing director
A 14-year veteran with HDFC Ergo, Tyagi was most recently deputy MD.
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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.
