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- February 21 2023
Sunshine’s outlook brighter as Fitch upgrades over fresh capital, investments rejig
The Chinese carrier's P&C arm reported a better underwriting performance with a COR of 96% in H1 2022, down from 100% in H1 2021.
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- February 20 2023
General takaful outpaces conventional market in Malaysia: report
Islamic insurance grew 10.3% between 2017 and 2021 while the broader P&C market grew only 0.6% in the same period.
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- February 20 2023
Premiums for Indian fertiliser pool for Russia, Belarus imports at US$2.4m
The US$60m reinsurance pool administered by GIC Re provides has not received any claims yet.
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- February 20 2023
Lockton hires from Aon to build Australia, NZ and Pacific affinity SME unit
Tanya Dasgupta, who has almost 20 years of sector experience, has joined Lockton as national manager – affinity schemes.
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- February 20 2023
Jansen Sulaeman returns to WTW for Asia fac build out
As head of business development, Singapore-based Sulaeman will help drive facultative reinsurance growth in the region.
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- February 16 2023
Fubon Insurance Vietnam under review with negative implications: AM Best
The Taiwanese parent was downgraded on February 3 and put on ratings watch for negative implications
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- February 16 2023
Elizabeth Gill joins Sedgwick as Malaysia marine general manager
Gill has over four decades experience including the handling of many major and complex claims in marine cargo.
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- February 15 2023
InsuranceDekho raises US$150m via equity and debt
The Indian insurtech is targeting annualised premiums of US$423m by the end of March.
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- February 15 2023
Marsh McLennan promotes Renée McGowan to India/MENA CEO
The new role for the Mercer president of Asia, Middle East and Africa is part of a series of regional appointments at the broking group.
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- February 15 2023
Ping An floats first-ever ocean carbon sink insurance
Product provides US$58,000 worth of cover against specific changes in the marine environment that damage local species.
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- February 14 2023
FM Global handed Korea licence
The commercial property specialist has appointed Yong-Ju Shim as the Seoul office manager.
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- February 14 2023
Thai Re could tighten terms to limit underwriting losses: Fitch
Thai Reinsurance’s financial strength rating has been affirmed at 'A-' (strong) with a stable outlook.
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- February 13 2023
Bangladesh reinsurance policies at risk of lapsing due to dollar shortage: report
Several cedents have been unable to pay premiums over many months due to restrictions on foreign currency remittance from the country.
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- February 13 2023
Auckland floods and Turkey earthquake add pressure on upcoming renewals
Recent disasters are likely to trigger reinsurance payouts and add to the capacity woes and rate increases that's been vexing renewals.
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- February 10 2023
Australia’s Open in exclusive talks to acquire Saga underwriting unit
Gibraltar-based Acromas is a personal lines underwriter for Saga and AA Insurance.
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- February 10 2023
Zurich APAC COR improves to 91.7% as P&C GWP jumps 18%
APAC premiums grew to US$3.47bn in FY 2022 as the region saw a strong travel insurance recovery.
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- February 10 2023
Lockton appoints ex-JLT Australasian CEO as Pacific president
Leo Demer will work closely with Paul Marsden, Lockton’s CEO (Australia and Pacific) and starts on February 13 in Sydney.
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- February 9 2023
French consortium to acquire CCR Re majority interest
New owners will infuse US$215m in fresh capital into the reinsurer, which derives around 25% of its premium income from Asia.
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- February 9 2023
Aon names Stephen Rudman as Asia head of marine
Rudman, who joins from Gallagher, will be based in Singapore and reports to Paul Young, head of commercial risk solutions for Asia.
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- February 8 2023
Medibank faces class action suit over data hack: report
The lawsuit against the insurer was filed by Baker McKenzie and funded by litigation funding company Omni Bridgeway.
