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- September 29 2021
Evergrande’s 50% stake in life arm could fetch US$600m — report
Bloomberg analyst warns that over US$2bn is needed to improve Evergrande Life Assurance's solvency ratio beyond 200%.
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- September 29 2021
HDI Global appoints Asean claims head
Singapore-based Raymond Ong joins the industrial lines insurer from Willis Towers Watson.
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- September 29 2021
Cover Genius: Sompo Asia leads US$72m Series C round
The Sydney-headquartered insurtech says GWP has tripled over the last six months.
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- September 28 2021
UNDP launches insurance and risk finance facility
The initiative aims to protect vulnerable communities from socio-economic, climate and health-related disasters.
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- September 28 2021
CBIRC wants mainland insurers to use HK as cat bond hub — report
The move comes soon after China’s Henan province saw devastating flooding in July.
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- September 28 2021
MS Amlin acquisitions doubles MS&AD’s overseas business
The (re)insurer posted a US$380m underwriting loss due to Covid-related BI and event cancellation claims.
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- September 27 2021
Munich Re appoints head of casualty treaty in Asia
Michaela Hannemann will be based in Singapore and be responsible for Japan, India, South Korea and SE Asia.
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- September 27 2021
Delta Insurance appoints NZ liability, specialty manager
Adrian Sweeney will report to Dinesh Murali, CEO of the underwriting agency's NZ operations.
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- September 27 2021
NSW, Queensland floods loss estimate further revised downward
An initial A$1.06 billion hit has been lowered to A$751m.
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- September 24 2021
APRA flags insurance capital framework as key priority
The regulator has pushed policy initiatives such as new offshore reinsurance rules to 2022.
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- September 24 2021
Indonesia’s non-life market downgraded to ‘negative’
AM Best sees a rocky road ahead for P&C players amid a "weaker-than-expected" recovery from the Covid-19 pandemic.
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- September 24 2021
New Zealand insurers profitable despite nat cats
Report shows wildfires have also contributed to major claims along with heavy rainfall.
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- September 23 2021
Beazley appoints APAC art and specie underwriter
Alex Tiah will be based in Singapore and most recently worked at Howden.
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- September 23 2021
Sompo to buy Italian crop insurer
The acquisition of ARA 1857 is expected to close in Q1 2022.
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- September 21 2021
Wefox reinforces executive team with Zurich hire
New chief insurance officer Peter Hubert previously held senior roles in Singapore and Indonesia.
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- September 21 2021
Bolttech raises another US$30m via Mundi Ventures and EDBI
The global insurtech adds to its record breaking Series A funding with two more investors.
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- September 21 2021
New Zealand’s FMG appoints Suncorp exec as CEO
Adam Heath is set to start on December 20 and is replacing outgoing chief executive Chris Black.
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- September 21 2021
Nat cat ILS in line for record year: Fitch
Issuance in H1 2021 was a first-half record of US$8.5bn with ESG bonds set to fuel future growth.
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- September 21 2021
ICA eyes cost of SME commercial lines
Outgoing National Insurance Brokers Association head Dallas Booth will lead a new advisory council.
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- September 20 2021
Cosco Shipping’s captive to see steady premium growth: AM Best
The captive benefits from low distribution costs for group-related business and a favourable reinsurance environment.
