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- July 21 2022
MSIG paid US$48.6m of claims in Hong Kong and Macau in 2021
The claims settlement ratio increased 1.4% to 92.4% compared with 2020.
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- July 21 2022
Chubb taps QBE financial lines underwriter in Australia
Samantha Fenn has joined Chubb in Sydney as a senior underwriter.
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- July 20 2022
More risk clarity key to China’s D&O capacity
China’s Securities Law has brought surging demand for D&O, as well as uncertainty.
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- July 19 2022
P&I club Skuld could be downgraded on underwriting performance: S&P
The marine player, which has Hong Kong and Singapore offices, is selling Lloyd's subsidiary Asta.
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- July 18 2022
DB Insurance benefits from underwriting improvement: AM Best
The Korean firm's five year average COR is the lowest among its domestic peers.
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- July 15 2022
Chubb appoints joint leaders of consumer division, Australia & New Zealand
Amy McKellar and Michelle O’Dowd will report to country president Peter Kelaher.
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- July 14 2022
India to help spur global premium growth: Swiss Re
India is on course to be the sixth largest insurance market in the world by 2032.
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- July 14 2022
Liability and health books are growth drivers of China’s non-life market: Fitch
Non-motor lines have increased by 10.7% in the first five months of 2022.
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- July 13 2022
Insurtech wefox raises US$400m, targets Asia by end of 2024
The firm is now valued at over US$4.5bn after another fundraise.
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- July 12 2022
Gallagher acquires Australia’s National Insurance Group
The deal will open up the broker's geographic reach in Victoria’s Surf Coast.
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- July 12 2022
China’s regulators issue draft rules on ‘systemically’ important insurance groups
The evaluation scope includes scale, correlation, asset realisation and substitutability.
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- July 7 2022
Hanwha General’s underwriting measures improve performance: AM Best
Negative impact of its start-up subsidiary Carrot is also expected to decrease.
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- July 6 2022
Asia trade credit hardening triggered by insolvency risk
Rising interest rates and reduction of Covid support heighten threat, but market players confident on growth.
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- July 5 2022
Peak Re’s net profit decreases 16% to US$73.2m as claims rise
Net incurred claims climbed to just over US$1.3bn.
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- July 4 2022
Axa XL appoints APAC, Europe international financial lines CUO
Anna Dores will be responsible for PI, management liability and financial institutions.
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- July 1 2022
Philippine Crop Insurance placed under close regulatory supervision
PCIC was found to be “very exposed to catastrophe losses which are not reinsured.”
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- June 30 2022
Asian firms register privacy breach as top cyber concern: Marsh
Data shows there is a lack of cybersecurity risk controls in place.
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- June 29 2022
Acrisure Re signs India fac partnership with Mahindra Insurance Brokers
The deal will help Acrisure expand in India and Mahindra to access global markets.
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- June 29 2022
Australia’s Feb, March floods now third costliest nat cat: ICA
The floods in Queensland and New South Wales have caused over US$3.3bn of insured losses.
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- June 28 2022
Sompo makes coal underwriting pledge and joins Net-Zero Insurance Alliance
The insurer commits to ruling out underwriting and investment in certain coal companies by 2025.
