China Huanong P&C downgraded for poor capital raising ability
July 19 2024 by InsuranceAsia News-
Hyundai Marine & Fire Insurance’s long-term line results to improve: AM Best
- July 19
The rating agency has affirmed the carrier's financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) with a stable outlook.
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Market dynamics positive despite geopolitical, climate risks headwinds
- July 18
Severe weather events, projected to rise by 5-7% every year, geopolitical unrest, and supply chain disruption are the main systemic perils that put pressure on the insurers, according to SwissRe Corso CUO Kera McDonald.
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Munich Re’s Serene Chan takes charge as head of P&C reinsurance for Greater China
- July 16
Chan, who was previously regional head of cyber for Asia Pacific with the reinsurer, was appointed in the new role following a wider regional leadership reshuffle earlier this year.
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Allianz Commercial names Young Jeong Lee as head of financial lines, Korea
- July 11
Lee joined from Samsung Fire & Marine, where he worked 12 years as a senior professional in its finance and energy department and global strategy department.