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- May 8 2023
Medibank served a third class-action suit over data breach
Slater and Gordon filed a group proceeding in the Federal Court of Australia on May 5.
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- May 3 2023
Peak Re COR at 101.4% as it reports first-ever net loss
The Hong Kong-based reinsurer's GWP grew 7% to US$2.3bn in FY 2022, but it posted a net loss of US$81m.
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- May 2 2023
West P&I appoints Tony Paulson as Asia head
Paulson will continue his current role as the club’s corporate director alongside his new position.
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- May 2 2023
Canopius strengthens Australia treaty team with Aspen Re hires
The Lloyd's (re)insurer has hired Andrew Parker as head of treaty for Australia and New Zealand and Paul Wedlock as head of property treaty for the region, who are also joined by casualty underwriter Peter Mattei.
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- April 25 2023
Net-zero alliance’s existential dilemma
As Munich Re, Zurich and Hannover Re leave the NZIA, in part due to US antitrust concerns, Asian carriers have more flexibility with a lack of opposition to ESG investments in the region.
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- April 24 2023
Australia’s Optus hit with class action over cybersecurity breach
The Singapore-owned telecoms giant said it is reviewing the court documents with its lawyers and will vigorously defend the proceedings.
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- April 24 2023
New Asia player Deutsche Rück eyes expansion after beating 2023 target
Digitalisation, new and emerging risks, regulatory changes and infrastructure development will be regional growth drivers, says Asia managing director Tarik Aouad.
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- April 21 2023
MS&AD plans to enter Japan’s small amount, short term insurance market
The insurance giant wants to establish a company in FY 2024 to enter the new market, also known as mini-insurance.
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- April 20 2023
New Zealand EQC targeting US$155m cat bond offering in Singapore
The first ILS offering by the commission will have a four-year term and provide multi-peril cover.
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- April 17 2023
Canopius continues Australia build out with marine underwriter hire
The (re)insurer has appointed David Hoffman in its Sydney office to oversee its local marine offering.
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- April 11 2023
Market dislocation unlikely to disrupt Asian carriers
Asian insurers are casting their investment nets wider with a growing impetus on the sophisticated aspects of ESG.
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- April 5 2023
Chubb launches Philippines marine operations
The insurer has appointed marine underwriter Jeanette Cebeda to lead the new team.
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- April 4 2023
Marsh launches ESG ratings for Asia D&O covers
Capacity providers, which include Beazley, will offer preferred terms and conditions to companies that meet minimum criteria based on the risk score.
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- April 3 2023
Rate hikes, significant structural changes make April 1 renewals challenging: Gallagher Re
"We certainly didn’t see any meaningful new capacity, or any other indication that reinsurers are prepared to cede their hard-won pricing territory any time soon," says global chief executive James Kent.
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- April 3 2023
Munich Re quits net-zero alliance citing antitrust risks
The reinsurer claims it will pursue its own climate targets focusing on reducing greenhouse gas emissions.
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- March 31 2023
Malaysian Re promotes Ahmad Noor Azhari to CEO
The former chief underwriting officer will take over from Zainudin Ishak from April 1.
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- March 30 2023
Generali sees senior management changes in Asia
The insurer's regional head of health has accepted a new regional role, while the head of APAC M&A and HR leader have left the company.
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- March 29 2023
World Bank cat bond listing boosts Hong Kong’s ILS ambitions
As a risk management hub, the city is looking to attract talent, diversify business and develop an ecosystem, says HKIA's Clement Cheung.
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- March 20 2023
Korean Re 2022 COR flat at 100.4%, gross premiums grow 16%
The carrier's GWP climbed to US$7.4bn, but its net profit fell 1.5% to US$133.5m.
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- March 16 2023
Exclusive: Hankook Tire fire losses may reach liability limit of US$230m
While KB Insurance has a 40% exposure to the risk pool, Samsung, Hyundai and DB Insurance have 20% each, IAN can reveal.