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- January 18 2024
Tokio Marine fully exits Saudi Arabian business
Tokio Marine & Nichido Fire Insurance has agreed to sell its remaining stake of Arabian Shield Cooperative Insurance to Alinma Bank.
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- January 16 2024
Marsh promotes Tyson Vickery to Asia placement leader in Singapore
Kevin Hubbard has been named chairman of placement, Marsh Asia.
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- January 16 2024
Aon grows India treaty reinsurance team with three senior appointments
The new appointments include Kolli Rao, who has joined the broker as president and senior advisor, Ajay Rakhane as head of agriculture and Ankit Mehta as head of non-agriculture treaty.
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- January 16 2024
Delta Insurance Australia hires head of management liability from Chubb
Brisbane-based Downman was most recently senior underwriter for financial lines at Chubb Queensland.
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- January 12 2024
Insurance Council of New Zealand appoints former cabinet minister as CEO
Kris Faafoi takes over from the current CEO Tim Grafton, who will step down on April 7.
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- January 11 2024
Exclusive: Sedgwick takes Crawford’s Veronica Grigg as Asia CEO
The loss adjuster's interim CEO Stephen Kerr will transition into the role of chief operating officer for Asia, while Simon Kay has been appointed director of executive services.
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- January 11 2024
Marsh McLennan appoints Tri Bui as Vietnam CEO
The broking and consulting group has also promoted Marsh's country chairman Leslie Mouat as chief adviser.
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- January 10 2024
Oona Insurance Indonesia appoints new CEO
Jakarta-based Vincent Soegianto was most recently the merchant business head at Indonesian Bank Jago where he was leading the finance solution for SMEs.
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- January 10 2024
Japan earthquake: BI, supply chain claims add to climbing loss estimates topping US$5bn
With early forecasts ranging from US$1-6.4bn, largely from property losses, a greater number of claims are anticipated once access is restored, loss adjusters say.
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- January 9 2024
Japan earthquake insured losses could be up to US$3.3bn: Verisk
While most of the damage occurred in Ishikawa prefecture, including a large fire, damage from ground shaking and liquefaction was observed in other prefectures such as Niigata and Toyama.
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- January 9 2024
Marsh elevates Scott Eccleston to Pacific head of global placement
Eccleston, who will continue to be based in Melbourne, was most recently deputy head of global placement for Pacific.
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- January 8 2024
APAC 1.1 renewals got done ‘for right rates on right terms’
With 10% additional capacity, loss-free and cat XL programs were flat or up to 5-10%, while loss-affected ones saw 25-30% hikes, say regional experts from Guy Carpenter, Peak Re and TransRe.
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- January 5 2024
Tune Protect Re appoints new CEO
Kuala Lumpur-based Janet Chin will report to the group chief executive Rohit Nambiar.
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- January 4 2024
Suncorp and IAG say December wild weather claims tracking below nat cat allowance
While the total cost of the two events have yet to be determined, Suncorp said it has US$459m in natural hazard allowance and IAG has US$114m till December 2023.
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- January 4 2024
(Re)insurers to keep an eye on inflation, climate risk and geopolitical tensions in 2024
Expectations for a recovery in growth, orderly renewals, improved supply-demand dynamics, easing of retro market conditions point to a shift in sentiments and the industry’s resilience.
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- January 2 2024
Korea non-life market to rebound in 2024 with GWP set to cross US$100bn mark: Korean Re
Growth is likely to be supported by casualty lines of business, especially liability, amid increased awareness of the importance of corporate liability protection and the expansion of compulsory insurance.
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- December 21 2023
Axa XL bolsters APAC & Europe team with two senior appointments
Sydney-based Julijana Sumner has been promoted to chief claims officer, while Paris-based Sandhya Louis has become chief operating officer.
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- December 21 2023
January 1 renewals seeing ‘flattish pricing’, better terms
Political risk and war will see the most challenging conversations with capacity available for other classes as reinsurance or retro markets have not been too affected by 2023 catastrophes.
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- December 21 2023
Korean P&C insurer Hana appoints Samsung Fire & Marine’s exec as new CEO
In his new role, Bae Seong-wan, who spent more than 30 years at Samsung Fire & Marine, is expected to contribute to the growth of the carrier's long-term insurance.
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- December 19 2023
Zurich relocates New Zealand exec as Victoria state manager
Brett Wainhouse will start in his new Melbourne-based role in January 2024 after spending nearly a decade at the insurer's Auckland office.
