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- December 4 2024
India’s plan to relax FDI cap sparks mixed reactions
While some praise the potential for growth, others express doubts about the bill’s passage and its impact on local carriers.
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- December 3 2024
Gallagher Australia acquires transport specialist Hann Insurance Brokers
The New South Wales based broker's MD Rhett Hann and his team will join the global broking group's Newcastle office.
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- December 3 2024
The industry has to be nimble in dealing with climate risks: Swiss Re’s Lubomir Varbanov
The key challenge and opportunity for the market is the need for multilateral development banks to adapt to evolving risks, particularly those related to climate change.
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- December 3 2024
Exclusive: Charlotte Lau leaves Sedgwick following Asia CEO switch
Last Friday, the loss adjuster announced that Stephen Kerr will take over the role of Asia CEO from Veronica Grigg.
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- December 2 2024
Allianz Australia acquires RAA’s general business for US$415m
Allianz will underwrite the carrier's general insurance policies excluding travel and manage product, pricing and claims while RAA will handle marketing and distribution and continue offering products and services under its brand.
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- December 2 2024
Thomas Miller expands energy MGA Navata to Singapore
The new operation will be led by senior underwriter Mark Nunn and focus on a diverse range of renewable energy, power, upstream oil & gas and offshore marine hull and equipment risks across the Asia Pacific region.
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- November 27 2024
Exclusive: HDFC Ergo’s Hiten Kothari returns to WTW India as senior P&C director
Mumbai-based Kothari joins the broker's insurance consulting & technology business in the first week of December.
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- November 26 2024
Aon to acquire Mitsubishi Chemical Group’s in-house insurance agency in Japan
The in-house team will transition to the broker's brand and operating model under the leadership of country head Tatsuya Yamamoto after the close of the transaction.
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- November 25 2024
Allianz Trade targets to capitalise on Asia’s shifting supply chains
The carrier is eyeing South-East Asia expansion and adapting to China's evolving trade landscape amid post-pandemic challenges, says APAC head Paul Flanagan.
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- November 22 2024
Aon names Mike Yao as Asia director for life reinsurance analytics
In his new role, Singapore-based Yao will contribute to the development and articulation of the broker's analytics value proposition for its APAC clients.
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- November 21 2024
Aon promotes Singapore-based Magnus Roe to global chief data and analytics officer
Roe, who was global head of strategy, risk capital analytics for the broker, will integrate AI, data governance and analytics into the broker's data and analytics strategy, reporting to Aon COO Mindy Simon.
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- November 21 2024
Interest in standalone renewable treaties in APAC remains strong: Gallagher Re
There is rate adequacy in the market ahead of the 2025 renewal season as costs have stabilised in the reinsurance market, according to a whitepaper on renewable energy by the reinsurance broker.
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- November 20 2024
Japan’s big three post US$8bn windfall from strategic holdings unwind
The major insurance groups also showed significant improvements in H1 CORs as they benefitted from benign loss environment at home and overseas and robust premium growth.
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- November 18 2024
ICICI Lombard’s Alok Agarwal to take charge as Zurich Kotak managing director & CEO
Mumbai-based Agarwal will replace Suresh Agarwal who will be transitioning to a new role within Zurich Insurance Group.
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- November 18 2024
Exclusive: Hannover Re appoints Avijit Ghosh as India CEO amid leadership reshuffle
Ghosh, who was CUO, will replace GLN Sarma, meanwhile, special project manager for the reinsurer's India branch Christian Schoen will relocate to China, IAN understands.
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- November 15 2024
UN climate alliance launches net-zero transition guide for insurers
The transition plan project presented at the 2024 UN Climate Change Conference (COP29) in Azerbaijan and includes an assessment of underwriting portfolios, value chains and actors involved in the landscape of emerging policies and regulations.
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- November 12 2024
Australian MGA Criterion expands into environmental impairment liability, D&O, casualty
The waste and recycling specialist is also planning to launch professional indemnity coverage, says underwriting director Stuart Kinsella.
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- November 11 2024
Skuld announces 5% general increase for 2025 renewal
Any adjustments to the International Group of P&I Clubs excess of loss reinsurance programme will be added separately.
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- November 11 2024
RJC Insurance Brokers launches in New South Wales
The broker will be led by managing directors Russell and Julie Chegwyn and will place and manage covers for businesses in industries ranging from rail construction & maintenance to civil construction.
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- November 8 2024
Sinosure limits trade credit insurance for exports to Russia: report
The Chinese state-owned carrier has reportedly started refusing to insure supplies against the risk of non-payment to Russia fearing payment disruptions and secondary sanctions.
