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- July 11 2023
Meritz Korindo’s rating affirmed by Fitch despite low retention ratio
The rating agency has affirmed the Indonesian carrier's A+ rating and says there is sufficient capitalisation to offset the company's volatile underwriting performance.
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- July 10 2023
Axa XL expands Asia cyber team with Hong Kong cyber underwriter
Alejandro Vigil-Escalera has relocated from the (re)insurer's Madrid office to Hong Kong.
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- July 6 2023
New capacity, fewer deals dampen Asia Pacific W&I market
With rates softening due to increased competition and a slow M&A market, underwriters are offering broader coverage and showing more appetite for risk.
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- July 5 2023
West P&I Club makes six promotions in Asia Pacific
The club has named Singapore-based Eugene Cheng as senior claims manager, Pearl Chan as senior claims handler in Hong Kong, along with four others elevated in the claims and underwriting teams.
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- July 4 2023
Markel takes Swiss Re’s Kevin Leung as Asia Pacific CUO
Leung will lead the regional underwriting strategy from Singapore, reporting to Christian Stobbs, the syndicate's APAC managing director.
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- July 4 2023
Australia sees 25% rate hikes, higher retention levels at 1.7 renewals
Although the market has had more capacity coming in from cyclone reinsurance pool, the uncertainty in the lower layers has led to higher retention and increased attachment return periods.
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- July 3 2023
Generali promotes Blake Sowerby to head of special projects, finance – international
Hong Kong-based Sowerby will lead finance projects across Asia, Central and Eastern Europe, Mediterranean and Latin America for the Italian insurer.
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- July 3 2023
Exclusive: Castel-backed M&A specialist Transact Risk Partners set for Asia launch
The Dutch MGA's Singapore office will be led by senior underwriter Reuben Lee and is likely to start as early as August, IAN can reveal.
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- June 23 2023
Australasia cyber talent pool widens amid more buyers and high limits
Insurers are fast expanding their cyber underwriting teams in the region due to rising vulnerability to cyber-attacks and growing demand.
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- June 21 2023
Fusion Specialty promotes Katherine Simmonds to CEO for international markets
In her new role, Simmonds will be responsible for further developing Fusion’s presence in the UK, APAC and EMEA regions, including M&A, financial lines and other specialist insurance products.
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- June 16 2023
Philippines to get US$750m World Bank loan for ESG, expanding crop insurance
The policy loan will bolster environmental protection and fund new insurance products for smallholder farmers and support operations of the Philippine Crop Insurance Commission.
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- June 16 2023
Axa XL Re’s Japan CEO to step down
Takashi Oka will leave the global specialty (re)insurer on July 1 after seven years in the role.
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- June 13 2023
Seoul Guarantee Insurance to file for IPO this month: report
The state-owned carrier, which is expanding overseas with reinsurance tie-ups with Allianz Trade and Coface, is eyeing a listing later this year as its biggest shareholder plans to exit.
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- June 8 2023
Dual targets cyber growth in Australia and New Zealand with Marsh hire
Melbourne-based Samuel Rogers becomes the MGA's first head of cyber for the countries and reports to Damien Coates, Asia Pacific CEO.
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- June 8 2023
Neil Dempsey joins 360 Underwriting Australia as head of property, mid market
Sydney-based Dempsey joins from a rival MGA and will work with Jonathan Moss, executive director, mid-market property.
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- June 6 2023
Despite the buzz, Korean insurance M&A slow to take off
A consolidated market, low valuations and lack of sizeable targets make dealmaking hard in the north Asian country.
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- June 1 2023
Pop Holdings hires Sergei Korol as chief operations and finance officer
Singapore-based Korol will be in charge of building up the specialty insurance group, including MGA Fusion and tech arm io.insure.
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- May 31 2023
Asia workers’ comp remains soft as economies readjust
As companies try to bounce back to pre-Covid times, the market is dealing with challenges such as hybrid working and an ageing workforce.
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- May 31 2023
Gallagher Re recruits from Guy Carpenter for China, Hong Kong CEO
Jia Lou (pictured) joins in June from the rival broker in Hong Kong, while Alex Xia joins from Munich Re to lead Gallagher Re's Beijing branch.
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- May 30 2023
MS&AD leaves Net-Zero Insurance Alliance
The insurance group is the last of Japan's big three to exit the climate group, following Tokio Marine and Sompo's exits in the last few days.