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- January 16 2023
S&P upgrades Lloyd’s rating on sound solvency, better performance
S&P expects 95% COR for 2022, taking into account the half-year COR of 91.4% and reserving of US$4bn for the war in Ukraine and Hurricane Ian.
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- January 16 2023
Fine art: An asset unlike any other
Protecting these unique assets for future generations requires specialised expertise and capabilities.
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- January 16 2023
Australian government hints at additional funding for nat cat relief
With the floods shaving off 0.25% of the country's GDP, the treasurer said natural disasters will be a focus of the upcoming budget.
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- January 13 2023
PICC P&C 2022 premium income rose 8.3% to US$70bn
The carrier saw a 22% rise in agri insurance premiums, while motor growth came in at a low 6.2%.
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- January 13 2023
WTW hires from Aon for Asia head of construction, power & renewables
Nicki Tilney was previously Aon's head of construction, power and infrastructure.
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- January 13 2023
India’s LIC could eye health market entry following composite license talks
The state owned insurer's chairman said that 'health insurance fits well into their scheme of things'.
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- January 12 2023
Starr hires Chin Feng as CUO, APAC financial lines
Feng was a previously a corporate director for Aon in Hong Kong and has worked at AGCS.
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- January 12 2023
RACQ demands bigger share of the disaster fund for Queensland
The US$138m government fund, available from the next financial year, will be used to prepare for nat cat events.
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- January 12 2023
Reinsurers’ underwriting margins to grow by 4%: Fitch
Property and specialty enter hard market with up to 200% increase in premium rates.
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- January 11 2023
Everest Re signs up Bobby Kwan as APAC senior treaty underwriter
Prior to this appointment, Singapore-based Kwan managed property treaties at Axis Re.
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- January 11 2023
QBE appoints Julie Wood as group head for distribution
Wood, who comes from Marsh, will also join the Australian insurer’s group executive committee.
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- January 10 2023
Claims rise as Western Australia rebuilds after ‘worst flooding in history’
Nine emergency flood warnings are in place for South Australia as rainfall continues from Cyclone Ellie.
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- January 10 2023
Reliance General Insurance’s fundraise to be delayed as parent restarts sale process
Lenders of Reliance Capital voted unanimously to hold a second e-auction for an outright sale after a dispute over the original winning bid.
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- January 10 2023
New Zealand Cyclone Hale likely be a ‘one-in-20-year’ weather event
The extratropical cyclone has hit Northland and Auckland with about a month's worth of rain over the past 24 hours.
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- January 10 2023
Beazley issues first cyber cat bond
The bond is worth US$45m and will indemnify against all perils in excess of a US$300m event.
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- January 9 2023
Six tech trends shaping the market in 2023
From the metaverse to AI and APIs, there is a significant amount of innovation.
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- January 9 2023
FY 2023 India non-life premiums touch US$22bn
Premiums grew for both private and state-owned insurers with the latter losing market share in the first nine months.
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- January 9 2023
LIC India may enter non-life market: report
Recent regulator's proposal to issue composite licenses may drive general insurance move.
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- January 6 2023
Insurtech Qoala raises US$65m in fresh funding led by Eurazeo
Eurazeo, a French private equity fund, has recently invested in specialty broker BMS.
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- January 6 2023
Suncorp checks on Zurich’s Australian P&C arm again: report
Any proposed deal would likely exclude Suncorp's travel insurance portfolio Cover More.
