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- December 11 2019
PE players target India’s insurtech Digit
New fundraising could raise Digit’s valuation to around US$800m to US$900m.
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- December 11 2019
CEO to step down from New Zealand’s Tower
Richard Harding will return to Australia in the new year.
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- December 10 2019
New Zealand’s market hit by volcano, landslide and floods
A large volume of claims are expected over the next few weeks and months.
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- December 10 2019
AUB’s planned acquisition of Coverforce falls apart
The broker was unable to access key documents to finalise a deal valued up to US$136m.
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- December 9 2019
Axa XL’s Asia team hires Stephen Nguyen from Aon
The former broker will serve as client management leader for Asia.
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- December 9 2019
AIG’s Alex Todd to switch from Canada to Asia
Todd will become head of commercial property for Asia-Pacific.
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- December 9 2019
Philippines seeks US$20bn cover for P&C exposure
The country is looking to reinsure typhoons, floods and earthquakes.
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- December 6 2019
Nat cats batter Australia’s underwriting profits
The market saw a 53.4% decline from the same period in 2018, and there are ongoing bushfires.
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- December 6 2019
Lucia Sun joins Generali as Asia head of claims
Sun has switched to the Italian major from Zurich.
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- December 5 2019
China insurtech secures US$28m from Hillhouse
Private equity deal in Lima Insurance Cloud follows its increased investment in Hong Kong's Blue.
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- December 5 2019
Malaysia’s market under transformation: Malaysian Re
Motor detariffication will let the market become better capitalised and more competitive.
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- December 4 2019
Will Asia’s insurers follow Axa’s lead on coal?
There is still plenty of capacity in the market but the tide is slowly turning.
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- December 4 2019
Hong Kong’s market robust in first nine months
Insurers in the Special Administrative Region saw a 883% upward profit swing for P&C business.
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- December 4 2019
Typhoon Kammuri lashes Philippines
20th typhoon of the year likely to cause business interruption and storm damage claims.
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- December 3 2019
Honan and MP Insurance Brokers launch Malaysia JV
The combination is aiming to upscale and upskill services.
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- December 3 2019
IAG won’t seek legal reimbursements from 2011 floods
Court rules Queensland government and dam operators negligent in flood management.
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- December 2 2019
Acko raises US$16m as Indian insurtech boom accelerates
The funds follow a March injection of US$65m and is one of many recent deals.
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- December 2 2019
MAS to repeal Lloyd’s Singapore broker scheme
Singapore-authorised brokers will be required after 2022 for underwriters outside of the Lion City.
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- November 29 2019
Prudential Financial eyes South Korea life sale: report
A potential deal could be worth US$1.7bn.
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- November 29 2019
Axa targets coal exit by 2040 and eyes green investments
The pledge could wipe out an estimated US$666m from global coal markets.
