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- January 9 2023
Hong Leong Insurance to improve underwriting to pre-Covid levels: AM Best
The Hong Kong insurer's combined ratio is significantly better than the industry average.
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- January 9 2023
Asian 1.1 renewals may have been ‘the big reset’
Past the deadline, the market is still busy tying up loose ends and closing gaps in cover.
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- January 4 2023
Asean, China rates up 20% in ‘late and tense’ 1.1 renewals: Gallagher Re
Retro deductibles and pricing rose across the region, while reinsurer exits hit Korea, Australia placements.
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- December 30 2022
PICC P&C issues US$32.5m Hong Kong-domiciled cat bond
The third ILS to be issued in the city offers coverage for China earthquake risks.
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- December 30 2022
Renewals largely completed at client-issued structures, pricing: Guy Carpenter
Property was the most challenged sector with market adjustments focused on pricing, attachment and coverage.
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- December 30 2022
Japan’s big three to offer US$60m in Russia-Ukraine marine war cover: report
Total underwriting capacity halved to US$226m despite an additional US$165.8m cover from overseas reinsurers.
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- December 30 2022
‘Uninsurable’ cyber casts a long shadow
Spiralling losses, evolving and unquantifiable risks and shrinking capacity in the region constrain (re)insurers.
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- December 29 2022
Third Hong Kong ILS offering “in the pipeline”, says HKIA chairman
A new mainland reinsurer is in talks to sponsor a city-domiciled cat bond early next year, IAN can reveal.
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- December 29 2022
Philippines regulator sets aside cat premium hikes
The Insurance Commission has suspended the revised schedule of minimum catastrophe rates that took effect from November 1.
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- December 29 2022
Asia Pacific nat cats: the year in review
Majority of the loss events in the region were secondary perils, mostly floods.
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- December 28 2022
Chinese broker Fanhua withdraws going-private proposal
The company's broker's founder Yinan Hu had offered to privatise the company in 2021 for US$9.8 per American depository share.
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- December 28 2022
Korea’s DB Group reshuffles insurance leadership
The chaebol names Kim Jeong-nam as vice chairman and Jeong Jong-pyo as the chief executive of the insurance arm following a group restructuring.
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- December 23 2022
Tugu outlook revised to negative over poor underwriting performance: AM Best
The rating action is despite the Indonesian carrier posting a 15% jump in pre-tax profits for the first nine months of 2022.
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- December 21 2022
Marsh names Nisala Weerasooriya head of APAC captive solutions
He replaces Stuart Hebert, who assumes a new role as international captive consulting practice leader.
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- December 15 2022
Malaysian Re’s strong capital buffer offsets underwriting losses
Fitch affirmed the Asean reinsurer's A (strong) rating in terms of its financial strength with a stable outlook.
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- December 12 2022
Korean Re to reduce overseas property cat exposure
The South Korean reinsurer hit by Covid claims and nat cats will expand casualty and specialty lines, according to AM Best.
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- December 9 2022
1.1 renewals challenging but there’s ‘hope on the horizon’: GC’s David Priebe
With many global reinsurers underweight in Asia, there's an opportunity to encourage them to take on more regional risk.
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- December 9 2022
October Australian flood damage bill at US$533m: Perils
La Nina conditions that triggered these floods are forecast to extend into their third consecutive year in 2023.
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- December 5 2022
WTW names William Miller as head of APAC for new crisis management unit
The broker is merging its special contingency risk and terrorism and political violence teams from January 1.
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- December 5 2022
Allianz seeks to grow Asian P&C mid-market presence
Eyes expansion in the segment where it is underweight through investments in people and capabilities.
