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- May 2 2024
Australian MGA Agile’s syndicate gets final Lloyd’s nod to start underwriting
Asta-managed Syndicate 2427 will focus primarily on Australia and New Zealand and write accident and health, aviation, casualty, construction, financial lines and property business.
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- April 30 2024
Singapore’s Income Insurance debut on digital securities exchange
Trading on platform AltaX provides liquidity to the insurer's almost 16,000 shareholders, who hold stocks valued at about US$619m.
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- April 30 2024
APAC accounts for nearly half of global economic losses in Q1 2024: Aon
The global (re)insurance sector is bracing for an "extremely active" Atlantic hurricane season driven by record-breaking land and ocean temperatures.
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- April 30 2024
Exclusive: Mark Johnson set to take charge as Starr Hong Kong CEO
The former Howden Hong Kong chief executive will start at the insurer from early May, IAN understands.
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- April 26 2024
India approves three new Russian marine insurers
New carriers, Alfastrakhovanie, Sogaz, VSK, and Ingrosstrakh, all backed by Russian National Reinsurance, have been allowed to provide cover to Indian shipments.
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- April 25 2024
Ted Hodgkinson joins Huntington Partners in Hong Kong as partner
The former BMS Asia executive chairman will lead the Singapore-based (re)insurance-focused advisory firm's operations for the SAR and China.
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- April 24 2024
Baltimore sues Dali shipowner, manager over bridge collapse
The suit alleges negligence on the part of the Singaporean owner Grace Ocean and Indian manager Synergy Marine in operating a "clearly unseaworthy" vessel.
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- April 24 2024
Insurers face headwinds from pace of regulatory changes: Zurich’s APAC CRO
Regulatory changes aside, the insurer's regional head of risk Siddhartha Medappa names macroeconomic risks, climate change, cyber and infectious disease as top risks facing businesses in the region.
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- April 22 2024
TSMC’s earthquake losses estimated at US$92m
The Taiwanese chipamaker said the loss is net of insurance claims and that damage was mostly to inventories and equipment, according to a stock exchange filing.
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- April 19 2024
Tower upgrades FY 2024 profit outlook to US$20m
The updated guidance assumes full utilisation of the FY 2024 large events allowance, which is set at US$26.5m.
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- April 19 2024
Allianz Commercial’s Sandric targets double-digit growth in Asia but cautions on market softening
The carrier aims to be a leader in the region's competitive commercial risks space and expand its alternative risk transfer solutions and multinational program offerings, the Asia chief executive told InsuranceAsia News.
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- April 18 2024
Munich Re names Hitesh Kotak and Roland Eckls as regional CEOs in major leadership reshuffle
The move will see new chief executives take charge in Japan, Korea, India and P&C heads for South-East Asia, Greater China.,
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- April 17 2024
El Niño has ended, says Australia’s Bureau of Meteorology
The US National Oceanic and Atmospheric Administration said that there’s a 60% chance that La Niña will develop by June–August, which could mean a more active Atlantic hurricane season.
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- April 15 2024
Aon appoints Shailendra Sapra as CEO of India reinsurance solutions
Sapra, who has been with the broker since 2010, will be based in Mumbai and report to APAC reinsurance CEO George Attard.
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- April 15 2024
IRDAI allows carriers to customise commercial policy wordings: reports
Non-life insurers were previously restricted to offering standard base policy wordings for motor, property, and engineering insurance cover based on which they could provide add-on covers/riders.
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- April 11 2024
Peak Re expands structured solutions team to cover P&C
The new team will be led by Chenwei Li, who has been the head of structured solutions for L&H, and will be joined by senior actuaries Tony Zhong and Min Zhang.
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- April 11 2024
Super election year fuels demand for political violence cover among MNCs: Allianz Commercial
With half of the world's population going to polls this year, security in many territories is undermined by threats of local unrest and electoral outcomes on foreign policy, trade relations and supply chains.
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- April 11 2024
Australia’s summer insured cat losses top US$1bn: ICA
The cost of the Christmas Storms has now exceeded US$730m from 95,000 claims; and the total losses for the season is expected to further rise with last weekend's storm in New South Wales.
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- April 10 2024
Crypto specialist MGA Qubit launches in Hong Kong after pre-series A fundraise
As part of its expansion plan, the HKIA-licensed specialty underwriter founded by Helen Ye is set to bring on board Wendy Lee as chief commercial officer.
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- April 9 2024
April 1 renewals point to signs of reinsurance market peaking
The orderly 1.4 renewals saw a revival in property cat appetite, and modest reductions in rates and easing of conditions, though retentions remain high and per risk and US casualty continue to be hard to place.
