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- November 23 2022
Allianz to join Australian cyclone reinsurance pool in January 2023
The insurer said the average premium offered to existing customers exposed to cyclone and related flooding risk will be around 6% lower.
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- November 22 2022
Korea set to relax insurance industry regulations
The regulator proposes to allow insurers to set up single-product subsidiaries, relax online marketing rules and raise the derivatives trading ceiling.
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- November 21 2022
CBIRC tightens insurance security fund rules
The new rules that will come into effect on December 12 will replace the risk-oriented rate system of the fund with a flat-rate system.
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- November 21 2022
Allianz appoints Alan Smee as Sri Lanka CEO
Smee will replace Gany Subramaniam, who moves to Singapore as head of commercial sales
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- November 21 2022
China Re ratings upgraded on higher underwriting margins, overseas recovery
AM Best revised the Chinese state-owned carrier’s rating to a+ (excellent) from a with a stable outlook.
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- November 19 2022
CDB Aviation files lawsuit against 18 insurers over jets stranded in Russia: report
The China Development Bank-owned aircraft leasing company suit in Dublin names Lloyd's, Chubb, Swiss Re, Munich Re, among others.
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- November 18 2022
Tokio Marine announces US$357m share buyback plan
The Japanese giant will repurchase 25m shares from November 21 through March 24, 2023 'to implement flexible financial policies'.
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- November 18 2022
Nasional Re downgraded over poor governance, weak financials
Fitch has handed Indonesia's largest domestic reinsurer a CC rating and placed the firm on negative watch.
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- November 18 2022
Water-related losses highest in Asia, more stress likely, warns WMO
In Asia, the highest adaptation cost is estimated for China at US$189bn, followed by India at US$46bn.
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- November 17 2022
Petrolimex may see margin pressure rise as claims frequency normalises: AM Best
The Vietnamese general insurer, rated B++, has posted a five-year average combined ratio of 97.7%.
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- November 17 2022
Gallagher Australia’s Mark Rudman to lead marine specialty
Sydney-based Rudman was the broker's manager for marine, transport and logistics.
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- November 17 2022
Ex-Aon Securities MD Shinji Yamamoto launches ILS boutique
He was head of capital markets and ILS divisions in Asia for the global broker, based in Japan.
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- November 17 2022
WTW aids Indonesia with low carbon transition
A new sovereign risk management programme has been designed to help the world’s largest thermal coal exporter.
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- November 16 2022
AA Insurance names Michelle James as CEO
James, who joins from Tower Insurance, will assume office in February 2023.
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- November 16 2022
Korean property insurers raided over price rigging: report
The seven property insurers, including Samsung Fire & Marine and KB Insurance, were fined by the Fair Trade Commission in April.
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- November 16 2022
Government proposes Sri Lanka Insurance restructure
The idea is to help improve the firm’s operational performance and efficiency.
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- November 16 2022
Axa commits to South Korea: report
Korea CEO Guillaume Mirabaud said Korea is geographically important as a technical support provider for Axa South-East Asia.
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- November 15 2022
Stable outlook for Asuransi Wahana Tata as premium growth recovers: Fitch
The AA-rated Indonesian general insurer reported 19% premium growth for the first nine months of 2022.
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- November 15 2022
Japan’s P&C ‘Big Three’ chart growth via overseas acquisitions
MS&AD, Tokio Marine & Sompo keen for niche strategic deals while ensuring dividend payouts.
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- November 14 2022
Top Australian banks, insurers agree to settle credit insurance lawsuit for US$84m
QBE, Zurich and Colonial Mutual Life are among carriers that have agreed to the settlement in the class action initiated by Slater & Gordon.
