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- July 6 2024
Suncorp lifts top of cat reinsurance tower to US$4.6 bn for FY2025
The cat reinsurance program will protect it from major events starting from AU$350 million (US$236.2 million), and renewed program changes have no material impact on its target capital, it said.
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- July 4 2024
Korea to provide US$2bn trade insurance as “AI supercycle” looms: report
South Korea's Trade, Industry and Energy Minister Ahn Deok-geun said that the demand for power from AI utilisation has boosted the power device market in a supercycle through which the country can bolster its exports.
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- July 4 2024
Zurich-owned Cover-More announces new group CEO
David Fike will lead the company through a significant integration phase following Zurich's acquisition of AIG's global personal travel insurance and assistance business.
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- July 3 2024
Pacific Islands captive PCRIC appoints Richard Poulter as chief risk officer
In his new role, Poulter will manage risk calculation in relation to insurance design, reinsurance and capital management and ensure PCIRC members meet each country’s objectives for financial protection against disaster risks.
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- July 3 2024
Newline Asia hires Markel Simon Moi as chief underwriting officer
Before joining Newline, Moi was head of professional and financial risks for Asia at Markel for 14 years.
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- July 2 2024
RGA, Tongyang Life ink first cross-jurisdictional coinsurance deal in Korea at US$144m
The deal, which will allow an RGA subsidiary to reinsure a US$144m block of life policies, is expected to help Tongyang Life respond to future interest rate volatility.
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- July 2 2024
WTW reels in Aon’s James Baum to lead Australia and New Zealand
Sydney-based Baum, who was most recently global head of wholesale and specialty broking at Aon, will join WTW as head of Australia and New Zealand and head of corporate risk and broking for the region, effective July 15.
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- June 27 2024
UIB Asia expands regional team with senior Aon and Marsh hires
The reinsurance broker has brought in Aon's Richard Oh as head of operations and marine reinsurance and Marsh's Tong Nee Saw as head of the facultative and specialty division.
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- June 27 2024
Korean battery plant fire claims likely to leave reinsurers unscathed
The primary insurers, KB Insurance and DB Insurance, are expected to retain the losses from the blaze at the Aricell unit as property and liability claims are expected to be relatively low, InsuranceAsia News understands.
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- June 26 2024
HDI Global hires Natalie Miladinski from Chubb for APAC cyber build-out
Sydney-based Miladinski has been appointed cyber underwriting manager for Asia Pacific.
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- June 26 2024
HDI Global combines ANZ commercial, specialty leadership with Stefan Feldmann in charge
Feldmann has been handed the additional charge after Mark Fleiser left the business following an organisational restructure in the region.
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- June 24 2024
Lotte Insurance final bids due June 28, Woori remains in the race
The sale by PE owner JKL Partners, managed by JP Morgan, is targeting US$1.45bn price tag for the carrier.
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- June 20 2024
Ardonagh-backed Aviso promotes Nathan Trembath as Queensland general manager
Trembath previously worked as the firm's chief broker for the Gold Coast region.
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- June 19 2024
Delta takes Chubb’s Joleene Dawson as group head of underwriting
Sydney-based Dawson will be driving the MGA's increased focus on international market expansion.
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- June 17 2024
Allianz Korea elevates Jin Kim to head of natural resources and construction
Seoul-based Kim has been at the German insurance group for five years as a senior property underwriter.
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- June 14 2024
Malaysian Re and Pacific Life Re extend MoU on family retakaful market
Both companies aim to unlock new possibilities through the renewal of MoU on shariah-compliant life insurance solutions.
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- June 14 2024
Asian Re’s underwriting performance set to improve, 2023 COR down at 101.6% : AM Best
The rating agency affirmed the regional non-life reinsurer's "B+" (good) financial strength rating with a positive outlook.
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- June 13 2024
Australia’s 2024 insured nat cat losses top US$1bn: ICA
The country saw three weather events this year leading to 144,772 claims with the Christmas and New Year storms accounting for AU$1.3bn, data from the industry body shows.
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- June 11 2024
Howden broadens New Zealand footprint with Bridges acquisition
The deal expands Howden’s mid-market and SME offering in the country as well as grows its presence in the Waikato region.
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- June 10 2024
Bolttech Hong Kong sees service results improve on lower expenses, reserve release: Fitch
The rating agency affirmed the Hong Kong general insurer's BBB+ (good) rating with a stable outlook.
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