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- January 6 2020
Australia bushfire claims shoot up to US$299m
The total has climbed significantly since last week, and the crisis continues.
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- January 6 2020
Major banks interested in Prudential Life Korea: report
Sale of the life player could be the largest South Korean M&A deal of year.
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- January 2 2020
Typhoon Phanfone costs Philippines US$20m in damages
The nation's 21st storm of 2019 has damaged crops and homes; and cost 50 human lives.
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- December 30 2019
Japan Post’s top executives resign amidst regulatory orders
The resignation of three presidents will be effective January 5.
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- December 24 2019
Sirius strengthens in Asia with ACR underwriters
The new hires will bolster the Bermuda-based group's Asia facultative portfolio.
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- December 23 2019
2018 Sydney hailstorm property losses at US$550m
The figures from Perils show claims have risen 4% and show a better understanding of hail risk.
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- December 23 2019
ZhongAn’s GWP approaches US$2bn
The Chinese digital player is growing fast but needs to ensure profits keep up.
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- December 20 2019
Japan Post CEO may resign after sales scandals
Masatsugu Nagato is weighing resignation as the firm could soon be ordered to halt certain operations.
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- December 18 2019
Compliance costs surge at Australia’s P&C majors
This year's Royal Commission report and risk governance are top of the agenda.
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- December 18 2019
Collapsed CBL racks up additional charges
New Zealand's Fraud Office and Financial Markets Authority accuse the firm of serious wrongdoing.
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- December 18 2019
China Re authorised for Hong Kong division
The new state-owned subsidiary should be given final regulatory approval by year-end.
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- December 17 2019
Dajia, formerly Anbang, to finalise 35% bank stake sale
China's government is also still looking to sell all, or part, of its 98% stake in Dajia Insurance.
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- December 17 2019
Faxai and Hagibis contribute to US$155m Mapfre hit
Major's solvency and capital position remains strong, despite the costs from Japan.
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- December 16 2019
China’s insurers see loss ratios rocket from swine fever
Payout ratios increase to 130% compared to 50-60% prior to the epidemic.
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- December 16 2019
Hong Kong restates commitment to establish ILS market
SAR's chief executive looks to introduce legislation to enable ILS by early 2020.
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- December 13 2019
Malaysia’s RHB ends sale talks with Tokio Marine
The two firms were unable to agree terms over RHB Insurance.
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- December 13 2019
Thailand’s insurtech Sunday raises US$11m
The fresh capital will help the stat-up expand in Asia.
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- December 12 2019
AIG sees Hagibis claims at lower end of expectations
Previous estimates by analysts pegged US$600m in catastrophe losses for the US major.
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- December 12 2019
Australia still ablaze as claims mount, air quality worsens
Losses stand at US$112m and rising, while Sydney’s air quality levels are hazardous.
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- December 11 2019
Will Asia’s run-off market catch up with the US?
Catalina’s acquisition of ACR could catalyse market movement.
