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- November 2 2021
Shinhan Financial buys Korea’s BNP Paribas Cardif GI
The move would give Shinhan a full general insurance license.
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- November 2 2021
WTW to acquire 100% ownership of India JV
An additional 51% stake will be acquired from privately held Anemone Holdings and the broker's India head Rohit Jain.
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- November 2 2021
Standard Club appoints HK-based commercial director
Ireland MD and former head of Asia Robert Drummond to lead commercial development in the region.
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- November 1 2021
Charles Taylor inks agreement with Philippines loss adjuster
The newly agreed partnership with Senon Insurance Adjusters will expand the global player's regional presence.
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- November 1 2021
HKIA signs claims MoU with Insurance Complaints Bureau
The Insurance Authority currently does not have the legal remit to adjudicate on claims.
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- November 1 2021
Zurich Takaful Malaysia appoints new life CEO
Nazrul Hisham Abd Hamid replaces Mukesh Dhawan as the leader of firm's family takaful operations in the country.
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- October 29 2021
Covéa and Exor agree PartnerRe sale for US$9bn
A proposed deal collapsed last year amid the outbreak of the Covid-19 pandemic.
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- October 29 2021
ICA declares catastrophe as South Australia hit by severe storms
Over 12,000 claims have already been filed with the number expected to rise and "substantial" crop losses expected.
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- October 29 2021
Hong Kong regulator gives November 30 vaccination deadline
Those who are unable — or unwilling — to get the jab will need to undergo mandatory Covid-19 testing every two weeks.
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- October 28 2021
Ping An’s net profit continues downward trend
Premium income at the insurer's P&C arm fell by 9.2% over the first nine months of 2021.
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- October 28 2021
Financial lines led Asia Q3 price hikes: Marsh
Heightened cyber risk generated pressure on pricing, a reduction in capacity and a narrowing of cover.
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- October 27 2021
WTW appoints Indonesia head as Asia corporate and risk leader
Luke Ware starts with immediate effect in Singapore and replaces Scott Burnett who has taken on an international role.
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- October 27 2021
Suncorp sees up to US$370m nat cat claims in four months
The P&C player's full year natural hazard allowance is A$980m.
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- October 26 2021
Weak motor profits to impact China’s P&C players beyond 2021
Pricing pressure from regulatory reforms could prompt some smaller insurers to exit the business line completely.
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- October 26 2021
Only 12% of Asia’s cat losses insured: AIR Worldwide
The region saw US$30bn of economic losses associated with natural catastrophes in September alone.
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- October 26 2021
Sun Life appoints former Old Mutual director as Asia president
Hong Kong-based Ingrid Johnson has succeeded Léo Grépin who left the insurer earlier this month.
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- October 26 2021
China Life P&C sees 4.5% premium growth in H1 2021: Moody’s
The insurer continued to record underwriting losses partly due to the performance of its motor business.
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- October 25 2021
Exor and Covéa restart talks over PartnerRe sale—report
Talks over a sale are reported to have resumed after a proposed US$9bn deal collapsed last year amid the outbreak of the pandemic.
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- October 25 2021
HKIA panel flags ‘long’ timeline for some complaints
Independent review panel says Insurance Authority review timelines can be lengthy on occasion.
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- October 22 2021
Dah Sing Insurance maintains Hong Kong market share
AM Best says the P&C player plans to scale down its reinsurance inward treaty business to better control risk accumulation.
