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- November 28 2022
Bank Negara Malaysia to invite bids for digital insurer licences
The central bank will issue up to five licences after the regulatory framework is finalised next year.
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- November 28 2022
IRDAI to relax norms for investors in insurance, fund-raising; changes reinsurance rules
Ease of raising capital expected to usher in long-term investments, as reinsurance retained in the country to be 50%.
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- November 28 2022
Tokio Marine Kiln hires APAC marine underwriter from Chubb
Singapore-based Timothy Wills was most recently marine cargo product manager, Australia at Chubb.
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- November 25 2022
Motor profitability to drive China P&C, outlook revised to stable: Moody’s
Premium growth will remain solid over the next 12-18 months.
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- November 25 2022
Gallagher acquires Smart Insurance in Australia
This is the sixth deal in the country in as many months for the US broker with more deals in the pipeline.
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- November 25 2022
Reinsurance rates to rise the most in Australia: Fitch
Rates for property catastrophe should increase by over 10% when contracts are renewed in 2023.
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- November 24 2022
IRDAI proposes single management expense limit for insurers
The regulator has given additional allowances to the rural sector, government welfare schemes, insurtech and awareness programmes.
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- November 24 2022
Chubb signs up Coherent’s Richard Bracken for APAC distribution role
The Singapore-based role includes partnering with consumer brands to drive growth across the region.
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- November 24 2022
Tokio Marine raises stake in Indonesia JV to 80%
The Japanese giant has bought an additional 20% equity from its partner Jasindo for US$33m.
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- November 24 2022
ICA warns New South Wales, Queensland floods could become the costliest
236,000 claims worth US$3.67bn have been reported across the states for the February/March disaster.
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- November 23 2022
Ardonagh snaps up Australia’s Envest for US$320m
The Brisbane-based firm, which owns broker consolidator the Aviso Group, will continue to be led by Greg Mullins and trade under the same brand.
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- November 23 2022
China Huanong on rating watch over rapid growth in risky assets: Fitch
The Chinese non-life insurer's risk-assets ratio nearly doubled in nine months to 49% by the end of Q3.
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- November 23 2022
Aon Indonesia appoints Inti Amaliah as head of reinsurance
Amaliah joins the global broker after a four-year stint with Willis Re.
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- November 23 2022
Fosun mandates Deutsche Bank for Peak Re sale: report
The formal process has yet to kick off, and information memorandums to potential buyers are likely to be sent by year-end, the report said.
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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.
