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- December 5 2023
WTW takes Aon’s Ellen Fung to lead large accounts for Hong Kong and Macau
In her new role, Hong Kong-based Fung will work closely with the broker's regional team on large accounts market strategy and client development.
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- December 4 2023
Insurtech Igloo raises US$36m in pre-series C round
The new round backed by Eurazeo, Openspace and La Maison closed at a 50% increase in valuation compared with the Singapore-based insurtech's series B+.
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- December 1 2023
Gallagher launches Taiwan brokerage with Brian Wang in charge
The 15-member Taipei-based team will offer property & casualty, marine, construction, cyber, trade credit, financial lines, energy and employee benefits services.
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- December 1 2023
Miller treaty build-out targets APAC mid-market
With a new team in place, the broker is looking to tap opportunities in markets that are sensitive to the burden of reinsurance costs.
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- November 30 2023
Everest appoints Godfrey Seet as Asia head of short-tail claims
Seet has relocated to Singapore from Hong Kong, where he was most recently senior vice president, claims at Peak Re.
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- November 29 2023
Sedgwick promotes Nigel Cook to Singapore CEO
Cook will oversee the growth of Sedgwick’s operations in Singapore while keeping his current role of head of major and complex loss in Asia.
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- November 28 2023
Parametrics primed for APAC’s insurance mainstream: Descartes
As the search for nat cat capacity grows in the region, the MGA is looking at 'solid double-digit' premium growth this year on more demand from Australia, New Zealand, the Pacific islands and the Philippines.
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- November 27 2023
HDI Global onboards marine underwriting manager in Melbourne
Joel Richards joins from Australian specialist transport insurer NTI, where he was most recently national strategic underwriter - marine.
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- November 24 2023
Everest hires Liberty’s Michael McCarthy as senior casualty underwriter in Australia
Sydney-based McCarthy joins the insurer from Liberty Specialty Markets where he was most recently senior underwriter, casualty.
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- November 23 2023
CelsiusPro partners Tower to build distribution platform for Pacific islands parametric cyclone cover
The cover will apply to a policyholder's house or another insured location, impacted by a high wind-speed cyclone event, regardless of damage.
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- November 22 2023
Philippines’ MT Princess Empress oil spill claims exceed US$50m: IOPC
The first layer of claims costs, up to the owner’s liability limit, will be met by the Shipowners’ Club and the remaining claims will be paid out through the IOPC Funds.
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- November 22 2023
Markel set to build out marine cargo, general casualty lines in Asia
The specialty (re)insurer's underwriting leaders discuss the carrier's regional growth plans, Australian ambitions and India outlook.
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- November 21 2023
NorthStandard to increase its P&I and FD&D premiums in 2024-25
The club will apply 5% general increase to its premiums from February 2024 for the 2024-25 policy year to represent "a responsible approach to underwriting at a time of persistent shipping market uncertainties".
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- November 21 2023
AIG promotes Doris Chan to head of financial lines, Hong Kong & Macau
Hong Kong-based Chan will take over from Cynthia Sze, who was promoted to general manager for Hong Kong and Macau last month.
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- November 21 2023
Malaysian Re reports US$23.8m net profit in H1 FY 2024
The Asean reinsurer returned to profit in the first six months of the financial year on the back of higher insurance service results and investment gains.
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- November 20 2023
AM Best affirms China Re’s rating on strong capitalisation
The rating agency noted Chaucer continues to be the major driver of overseas non-life reinsurance revenue and helps strengthen the group’s business footprint in the global reinsurance market.
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- November 17 2023
Claims inflation, nat cat losses, reinsurance costs weigh on Suncorp’s profitability: Fitch
The rating agency maintained the Australian carrier's rating but underwriting profitability is expected to deteriorate in the next 12 to 24 months.
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- November 17 2023
Unwillingness to deploy capacity comes from too many surprises in the covers: Allianz Re’s Steimen
The (re)insurance industry needs to make sure that it understands the risks via the use of models and has to invest more into better data as economic growth in Asia keeps driving losses up.
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- November 16 2023
Steadfast buys 70% stake in Australian MGA Sure
The acquisition will include a US$96.3m upfront cash payment and potential earn-out payments through FY 2025.
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- November 16 2023
Rates have to catch up with losses to ease APAC’s offshore wind capacity crunch
(Re)insurers are showing no appetite even as projects pile up, especially in Taiwan, while premiums and risks remain disproportionate, industry sources say.