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- November 20 2022
Chubb gets regulatory nod to raise Huatai stake to 83.2%
The China Banking and Insurance Regulatory Commission approved the purchase of an additional 35.9% stake in the Chinese insurance group.
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- November 9 2022
Reinsurers seek correction through rates, retentions and tighter terms
As Asia 1.1 renewals gather momentum, the market is facing a perfect storm of challenges.
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- November 7 2022
RMS’ Michael Steel: ‘Committed to expanding APAC footprint in terms of models, perils and people’
In an IAN interview, the risk modeller’s global head discussed regional growth plans, climate change, the ILS market, cyber risks, ESG underwriting and the Moody’s merger.
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- November 4 2022
SIRC: Capacity woes and rising rates dominate Asia renewals
Pricing, structuring and climate change occupy discussions as the industry gathered in Singapore.
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- November 3 2022
Insurers have to optimise their portfolio: Swiss Re’s Victor Kuk
Asian renewals are in a transition as cedents sweat over capacity and spike in price and retentions.
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- November 1 2022
‘Loss-propping capital’ is drying up for insurtech start-ups
APAC-based insurtechs have raised a total of US$1bn across 76 deals in Q3.
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- October 21 2022
Governments hold back APAC carriers’ green transition
Many regional (re)insurers are hesitating to ditch fossil fuels faster than their national policies dictate.
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- October 21 2022
Australian general insurers well capitalised despite monster flood: APRA
The industry maintained a coverage ratio of 1.7x the minimum requirement, the regulator’s annual report showed.
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- October 19 2022
ICA escalates Australia floods to ‘insurance catastrophe’
Insurers have received 6,350 claims from across Victoria, New South Wales and Tasmania.
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- October 19 2022
Ongoing Australian floods unlikely to trigger reinsurance cover: S&P
Insurers will be largely able to finance the claims themselves, though there are more flood warnings as rain and thunderstorms spread to other states.
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- October 17 2022
BHSI hands Singapore chief executive role to Mary Bruce-Kahn
Bruce-Kahn will double up her responsibilities by retaining her previous role as regional head of operations and IT.
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- October 17 2022
Berkley strengthens Greater China casualty team with Aon hire
Evelyn Pang joins the insurer’s Hong Kong branch as an underwriter.
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- October 16 2022
Peak Re’s outlook revised to negative by AM Best
Despite contagion risks from the Fosun ownership, the reinsurer's standalone business fundamental remains stable, said the rating report affirming its A- credit rating.
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- October 13 2022
Nib to raise US$94m for acquisition war chest
The Australian health insurer acquired Maple Plan as part of its disability scheme expansion strategy.
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- October 11 2022
Gallagher continues Australian consolidation with McCluskey buy
This is the fourth acquisition in the country by the global broker in five months.
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- October 10 2022
Tower completes legacy build-out with Kiwibank deal
The New Zealand carrier will pay US$3.3m for the portfolio, which will be migrated to its flagship Direct channel.
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- October 7 2022
Peak Re’s ratings put on review for downgrade by Moody’s
The rating agency also placed on review for downgrade the debt rating on Peak Re’s Baa3-backed subordinated perpetual securities.
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- October 6 2022
Lloyd’s system reset affects APAC operations
All external connectivity was turned off, including delegated authority platforms, after unusual activity on its network was detected.
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- October 6 2022
MS First Capital 5-year COR at 62.9% on low costs, high ceding commission: AM Best
The rating agency has affirmed the Singapore insurer’s rating of A (excellent).
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- October 6 2022
New Zealand’s revised seismic model shows earthquake hazards have risen
On average the likelihood of an earthquake has increased 50% or more across the country.
