- November 16 2022
Currency mismatch piles pressure on Asia underwriting
As the US dollar strengthens, carriers in the region are feeling the heat due to worsening asset-liability positions amid capacity constraints.
- November 7 2022
Opinion: Hong Kong EC terrorism pool leaves much to be desired
It is time the government adjusted the coverage limits that were set 20 years ago and allowed private participation.
- November 2 2022
2023 target is to use data connectivity to build a vibrant ecosystem: HKIA CEO
Open API, improving data gaps and cybersecurity will be priorities, according to Clement Cheung.
- October 31 2022
Rising rates, capacity pinch leave strata cover high and dry
With an increase in cat activity, strata has been the worst-performing property line in Australia.
- October 28 2022
Exclusive: Fosun seeking US$1.25bn for Peak Re
Offers are likely to come in at a substantial discount to Bermudian peers, IAN understands.
- October 27 2022
China P&C grew 10.6% YoY in the last decade
While GWP zoomed 153% to US$192bn in 2021, the share of motor moderated to 56.8% to 72.4% 10 years ago, CBIRC data shows.
- October 24 2022
Dah Sing Insurance expanding into construction all risks, mortgage cover
The company is reducing its offshore inward reinsurance portfolio amid a capital and surplus decline by US$30 million in the first half of 2022, according to AM Best.
- October 20 2022
MGA Fusion reinforces M&A underwriting with Aon duo
Hui Ling Wong joins as a senior partner in Hong Kong and Yen Lin Ee as a partner in Singapore.
- October 20 2022
Insurtech Coherent in C-suite shake-up with new Asia CEO
Joel Lim, who leads 'go-to-market' strategy, will become the regional chief executive.
- October 18 2022
Guy Carpenter reinforces Australia treaty broking with Hannover Re hire
Bo Jiang, who was a senior underwriter at the reinsurer, joins the broker in Sydney as senior vice president.
- October 17 2022
Latest Australian floods declared ‘significant event’ by ICA
Suncorp said it received about 1,000 claims in total, mostly from Victoria, and that it expects the numbers to increase in the coming days.
- October 16 2022
Pakistan floods place credit pressure on P&C players
EFU General Insurance, Jubilee General Insurance and Adamjee Insurance have relatively small exposures to the flooding.
- October 13 2022
Indonesia Re names Nusantara Re’s Widyo Primastowo as client market & treaty head
Jakarta-based Primastowo reports to managing director Delil Khairat and handles client management and GI treaty businesses.
- October 12 2022
Australia bracing for major flooding in Victoria and Tasmania
There are also severe weather alerts for large parts of south-east Australia.
- October 11 2022
Liberty GTS hires trio of lawyers to boost Asia M&A underwriting
Damian Ng, Sanjeve Prakasam, who joins the Singapore office, and Alexandra Culas in Sydney will focus on warranty and indemnity insurance in the region.
- October 11 2022
Korea’s Construction Guarantee Cooperative benefitting from rising infrastructure spend
AM Best affirmed the financial strength rating of A+ and the long-term issuer credit rating of “aa-” to the government-designated surety underwriter.
- October 10 2022
Hollard’s Australian arm constrained by Commonwealth Insurance buy
AM Best said the combined entity is expected to see growth in underwriting risks.
- October 8 2022
Asian cedents urged to get in early, lock down capacity for 2023 renewals
Prices are hardening and capacity is likely to be more constrained going into the upcoming renewal season.
- October 7 2022
Swiss Re names Yong Suk Kwon head of Korea in leadership reshuffle
Yong replaces Jonas von Oldenskiöld and will take charge from December 1.
- October 6 2022
Oneglobal swoops for veteran Huichih Ko to boost Asia arm
Ko will be based in Taiwan and has previously worked at Marsh, WTW and Sedgwick.