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- September 6 2023
‘Little-known’ insurers likely stepping in to provide dark fleet cover: sources
While it is legal to provide insurance to Russian oil shipments despite sanctions, the question is do these insurers have reserves to pay for catastrophic events.
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- September 5 2023
BHSI makes Edwin Sim executive & professional lines head in Singapore
Sim will report to Scotland Walsh-Riddle, BHSI's Hong Kong-based regional head of executive & professional lines.
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- September 1 2023
IAG may face class action suit over ‘loyalty tax’ on home insurance renewals
Collective action specialist firm Slater and Gordon has started an investigation into the alleged pricing misconduct by the insurer's subsidiaries.
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- September 1 2023
Gallagher hires Australia head of climate and sustainability from Marsh
Sophie Griffin will be responsible for leading Gallagher's efforts to help clients mitigate and adapt to climate change risks and achieve their sustainability goals.
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- August 30 2023
Sompo International hires Canopius’ Vicky Sarjeant to head APAC energy
Sarjeant will continue to be based in Singapore and report to Paul O’Neill, president of commercial lines, insurance, Asia Pacific.
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- August 30 2023
Starr International names Sean Chen as Singapore CEO
The experienced underwriter will report to APAC president Phil Finley who has relocated to Bangkok to oversee the firm's Thai operations.
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- August 29 2023
ZhongAn P&C reports 46% underwriting profit jump as COR improves to 95.8%
The insurer, which returned to profit after a loss in H1 2022, saw total GWP for H1 2023 reach US$2bn, an increase of 37.5%.
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- August 29 2023
Asia’s W&I market goes through MGA shift
The global MGAs could bring fiercer competition leading to lower rates and broader terms, arguably without a full understanding of the regional differences in risk.
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- August 24 2023
Seoul Guarantee Insurance passes Korea Stock Exchange IPO screening
The initial public offering, the first by a Korean state-owned company in 13 years, is expected to be completed by the end of October this year.
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- August 23 2023
Chinese insurers paid US$625m in claims from Typhoon Doksuri, floods: report
The 16 rain-hit provinces reported 269,300 insurance claims from the three days of rains that hit parts of the country including Beijing and Hebei.
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- August 23 2023
Political violence market on guard over Taiwan tensions
While some carriers are excluding Taiwan completely, most have been sub-limiting exposure to US$10–25m in the aggregate.
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- August 23 2023
BHSI appoints senior underwriter – mining & energy in Sydney
Jonathan Hawkins was most recently property manager - mid-market for New South Wales at BHSI.
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- August 18 2023
Axa XL’s Ewen McKay to head international financial lines for Australia
Sydney-based McCay was most recently product leader - management liability for the French carrier.
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- August 16 2023
Sompo International eyes ‘wholesale’ route for APAC commercial lines growth
The carrier is exploring new markets and industries such as renewables and semiconductors, and is planning to double the wholesale team.
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- August 16 2023
DB Insurance underwriting profit drops 2.4% to US$681m
The carrier's direct written premiums increase 6.6% year-on-year to KRW8.4tn in the first half of 2023.
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- August 15 2023
Aon promotes Harry Edwards to Asia regional director for intellectual property solutions
Singapore-based Edwards will lead the D&O strategy and team in the region, responsible for placing APAC and US exposed management liability insurance programmes into the London market.
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- August 14 2023
Tokio Marine to sell its Guam subsidiary to MGA Calvo
The deal, which will see the Japanese carrier exit the market, is expected to close in the second half of FY 2023.
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- August 14 2023
Axa XL appoints Aijiao Ruan as senior underwriter in Hong Kong
Ruan was previously at China Zenith Insurance Brokers, a Beijing-headquartered Lloyd's coverholder, for 15 years.
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- August 14 2023
Exclusive: Vale Insurance Partners to establish Asia operations — sources
Vale is the seventh specialty insurance firm seeking to join the Asia M&A market in the space of 12 months.
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- August 9 2023
Fusion promotes Sabrina Chia to partner, underwriting & head of distribution APAC
Singapore-based Chia joined the specialty managing general agent in 2021.
