-
- March 14 2023
Markel hires downstream energy underwriter from Scor in Singapore
JJ Wong has become one of five downstream underwriters at the global player.
-
- March 14 2023
TravelCard appoints Michael Storozhev as chief underwriting officer
Sydney-based Storozhev will be part of the Australia executive leadership team, reporting to the regional CEO Peter Klemt.
-
- March 13 2023
Perils pegs Queensland, NSW floods final cost at US$4.35bn
Property accounted for 90.5% of the total losses while the remaining came from motor, the loss data specialist said.
-
- March 13 2023
Seoul Credit Insurance to kick off pre-IPO roadshows in Hong Kong, Singapore
The Korea Deposit Insurance Corporation-owned insurer has reported a profit of US$433m in FY 2022.
-
- March 10 2023
Blue Marble to pilot extreme heat parametric cover in India
The insurance, to be offered in partnership Arsht-Rock Foundation and SEWA, will protect women workers in the informal sector against income loss from extreme heat.
-
- March 10 2023
Moody’s downgrades Fubon Insurance as pandemic hits profitability
The Taiwanese insurer's rating was changed to A2 from A1 with outlook changed to negative from stable.
-
- March 10 2023
AM Best downgrades Scor over ‘sizeable’ losses
Rating agency has downgraded its insurer rating to A (excellent) from A+ (superior) even as it revised the company outlook to stable from negative
-
- March 10 2023
Tokio Marine overseas profits to account for over 60% of total in FY 2023: Fitch
The rating agency has affirmed Tokio Marine & Nichido Fire Insurance's financial strength rating at 'AA-' (very strong) with a stable outlook.
-
- March 9 2023
Gallagher Re acquires WTW’s India treaty business, puts Vinod Krishnan in charge
The broker will consolidate its reinsurance teams in the country with Krishnan relocating to Mumbai.
-
- March 9 2023
Sompo Japan partners space start-up to offer satellite cover
The carrier to partner with Japanese startup Warpspace, which will help assess the risk of launch accidents or collisions in orbit.
-
- March 9 2023
Minesh Jani to lead Howden Tiger’s India operations
Jani’s mandate is to expand treaty, retrocessional and specialty reinsurance solutions in Middle East, Africa and India.
-
- March 8 2023
China to replace CBIRC in regulatory overhaul: report
The new regulator will bring supervision of the industry, excluding the securities sector, into a body directly under the State Council.
-
- March 8 2023
PIAM issues climate change warning amid serious Johor flooding
As severe flooding moves beyond the monsoon season, there is demand for a government-supported flood scheme through a public-private partnership.
-
- March 8 2023
New Zealand P&C insurers staring at weaker earnings season: S&P Global
Kiwi's carriers have adequate capital buffers despite two Q1 mega weather events which will contribute to rising reinsurance costs.
-
- March 8 2023
Litigation insurance specialist Litica expands APAC capacity
The additional capacity enhances the carrier's 'capabilities for litigation and arbitration risks in Hong Kong, Singapore, Australia and New Zealand'.
-
- March 8 2023
Swiss Re secures US$700m alternative capital from JP Morgan
The stop-loss protection will run across the financial years 2023 to 2027 covering severe underwriting losses.
-
- March 7 2023
WTW appoints Tony Calnon head of complex claims for Australasia
Calnon joins the broker from loss adjuster Crawford, where he was a forensic accountant.
-
- March 6 2023
Queensland starts CTP review as it warns carriers may exit low-profit scheme
The regulatory review is focused on improving the sustainability of the scheme and will not change premium-setting processes and compensation benefits.
-
- March 6 2023
UOI appoints Andrew Lim chief executive, founders retire
Wee Cho Yaw and Hwang Soo Jin, who were the founders of the Singaporean carrier, will retire as directors on April 14, 2023.
-
- March 6 2023
MI Insurance Brokers names Tiffany Lung MD
In a senior management rejig, Kelvin Wong, former chief executive and responsible officer at the broker, has been made an executive director.
