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- November 10 2022
Nepal’s regulator rebrands as new Insurance Bill enacted
The Nepal Insurance Authority, previously known as Beema Samiti, will keep the same board.
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- November 10 2022
ASIC warns insurers of likely surge in claims, seeks higher preparedness
Australian securities regulator said firms need to gear up for the summer as La Nina persists.
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- November 9 2022
Adva Underwriting brings on board Joanne Chan for APAC marine cargo foray
Chan, who joins the specialist MGA in Hong Kong, will focus on bringing additional capacity in the region.
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- November 9 2022
FM Global opens US$57m Singapore risk management centre
The facility in the Singapore Science Park will also house the insurer's Asia head office.
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- November 8 2022
APRA’s new capital guidelines won’t impact ratings, says Fitch
Fitch believes the latest regulatory expectations may carry implications for the pricing of capital instruments.
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- November 8 2022
Suncorp cat claims in Q1 hit about 50% of deductible
The Australian insurer said it expects its nat cat claim costs to be in the range of US$225m-US$263m between July and October 2022.
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- November 7 2022
WTW appoints Oliver Scarr as head of cargo in Asia
Based out of Singapore, Scarr will report to Lewis Hart, head of marine for the broker in Asia.
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- November 7 2022
IRDAI may ease capital norms for insurers
The Indian regulator is mulling opening up the sector for different types of companies such as banks and microfinance companies.
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- November 4 2022
Spurt in rates punch a US$200bn hole in insurers’ H1 2022 earnings
AM Best said it does not expect negative ratings actions as carriers have strong fundamentals.
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- November 4 2022
Fubon Insurance’s strong capitalisation will help rebound from Covid: AM Best
A capital injection of US$468.5m in August 2022 from its parent is sufficient to absorb the potential pandemic claims for the Taiwanese carrier.
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- November 4 2022
BCC underwriter accuses Greensill of ‘deceptive conduct’ in Australian court filing: report
The accusation was made by Greg Brereton in a November 2 court filing in response to a case brought by US investment house White Oak.
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- November 3 2022
Chubb appoints Hong Kong travel head
Coey Lai joins from bolttech as the government gradually relaxes Covid restrictions.
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- November 2 2022
Cover Genius raises US$70m in fresh funding round
The insurtech wants to invest in its global distribution platform XCover.
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- November 2 2022
Credit and motor challenges behind negative Indonesia non-life outlook: AM Best
There has been premium rate inadequacy and weaknesses in underwriting risk management.
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- November 1 2022
Perils decreases loss estimate for October 2021 Southern Australia storms
The final loss figure is US$621m, down from US$650m.
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- November 1 2022
APAC commercial rates moderate as cyber pricing shoots up: Marsh
Pricing in the Pacific climbed 5% in Q3, down from 7% in Q2, while Asia was up 2%, down from 3%.
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- October 31 2022
BOCG Insurance boosted its underwriting result in 2021
AM Best expects the company to continue leveraging the branch network of its banking parent.
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- October 31 2022
Labuan Re improves underwriting performance, will benefit from hard market: AM Best
Management’s remedial actions have helped, while the reinsurer can expect moderate premium growth.
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- October 31 2022
New South Wales government announces US$513m flood package
Since 2019 insurers have received more than 577,000 claims related to declared flood events to the value of $5.64bn.
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- October 31 2022
Australian insurance regulator names new chair
APRA has elevated John Lonsdale to chair and appointed Margaret Cole as deputy.
