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- April 25 2023
MSIG signs 15-year bancassurance deal with HSBC in Singapore
Under the exclusive general insurance distribution agreement, the bank will offer products to its commercial and retail customers.
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- April 24 2023
Tower to sustain underwriting profits despite nat cat events: AM Best
The majority of the gross cost involved with weather events was absorbed by its catastrophe excess-of-loss reinsurance treaty.
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- April 24 2023
QBE appoints Serene Davis as global head of cyber
Davis was previously with Beazley as regional manager of the West and head of the Los Angeles office.
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- April 24 2023
IAG revives RACQ takeover talks: report
The Australian reported that discussions have resumed between both parties even as a conclusive deal could take time and is ‘some way off’.
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- April 21 2023
Lloyd’s syndicate Volante Global launches India office
The syndicate has hired Laxmeekant Walikar, former India CUO at Axa XL, as India managing director in Mumbai.
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- April 21 2023
Singapore extends ILS grant scheme till 2025
The Monetary Authority of Singapore's US$11.25m grant will subsidise the cost of issuing catastrophe bonds and the expanded suite of securities that focus on Asia risks.
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- April 21 2023
Helia Insurance to see underwriting stress in medium term: Fitch Ratings
The rating agency has affirmed the lenders mortgage insurance company an'A' (strong) rating with a stable outlook.
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- April 21 2023
QBE to maintain high-single digit growth in 2023 with a 93.5% COR target: Fitch
Fitch’s CreditSights has re-initiated coverage on QBE Group Insurance with a ‘market perform’ recommendation.
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- April 20 2023
Korean P&C insurers falling short on oil and gas exclusions
While most of the insurers have started acting on coal policies, only Samsung has extended it to the petroleum industries.
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- April 20 2023
BOC Aviation awarded US$400m by US court for planes stranded in Russia: report
The aircraft lessor said AirBridgeCargo went into default after being unable to maintain required reinsurance coverage.
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- April 20 2023
Sedgwick appoints key leaders in forensic accounting team
Andrew Cardamis and Jillian Pancott have been promoted to partner and director respectively, and bring over a decade of client experience.
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- April 19 2023
HDI Global Australia appoints state manager for southern region
Stephen Jones joins the carrier from Marsh, where he was managing director for affinity in the Pacific region.
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- April 18 2023
Allianz Trade expands Asia excess of loss business
The global trade credit insurer will add new headcount in Singapore, Hong Kong, Australia, Japan and Malaysia.
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- April 18 2023
WTW elevates My Thien Nguyen as Vietnam country leader
Nguyen, who was the broker’s CFO for the country, replaces Philippe Robineau.
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- April 18 2023
RMS Moody’s appoints client director in Singapore
Corene Lim, who joins the modeller in Singapore, was earlier a market development analyst at AM Best.
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- April 18 2023
ACCC extends Suncorp bank sale review period
Acquirer ANZ has agreed to an extension of the regulatory assessment period from June 12 to July 28.
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- April 18 2023
Malaysian general insurers’ underwriting profit contracts 23% in 2022
Gross direct premiums grew 10% year-on-year to US$2bn in the last calendar year, according to data from General Insurance Association of Malaysia.
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- April 17 2023
Chinese non-life carriers have solid capital, reinsurance to face cat risks: Fitch
A steady investment yield contributes favourably to most insurers’ overall operating stability and underwriting performance.
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- April 17 2023
HKFI seeks easier re-domiciliation and improved positioning to attract global majors
Policy recommendations have been submitted by the Hong Kong Federation of Insurers to the Financial Services and Treasury Bureau and the Insurance Authority.
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- April 16 2023
Zhongyuan Agricultural Insurance scripts COR turnaround
The Chinese carrier, which was rated A- (strong) with a stable outlook by Fitch, posted a 90% combined ratio last year compared with 104% in 2021.
