Company: AM Best Page 7 / 10
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- August 23 2022
Specialty MGA Delta handed favourable AM Best review
Delta is one of the first MGAs to be reviewed by a rating agency.
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- August 22 2022
AM Best downgrades Korea P&I Club due to large claims
The Club is exposed to high severity losses or increased claims frequency over the medium term.
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- August 8 2022
AM Best upgrades Singapore Re after Fairfax support and positive 2021 result
The reinsurer's underwriting performance improved after reserve releases.
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- August 1 2022
Malayan Insurance COR hampered by fire and cat losses: AM Best
The company reported a five-year average combined ratio of 101.4%.
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- July 25 2022
Marine, property and liability drive China Merchants Insurance’s premium growth: AM Best
The Hong Kong insurer's premium revenue grew by 11.8% in 2021.
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- July 18 2022
DB Insurance benefits from underwriting improvement: AM Best
The Korean firm's five year average COR is the lowest among its domestic peers.
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- July 11 2022
MS Amlin Lloyd’s syndicate has ‘stable’ outlook after return to profit: AM Best
Asia Pacific chief executive Will Ho has said the firm "is committed to expanding in the region".
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- July 7 2022
Hanwha General’s underwriting measures improve performance: AM Best
Negative impact of its start-up subsidiary Carrot is also expected to decrease.
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- June 27 2022
Lower commission boosts PICC HK 2021 underwriting: AM Best
The insurer has been expanding its inward reinsurance business.
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- June 7 2022
Taiwan’s P&C capital levels under pressure from Covid claims
The situation shows the danger of underwriting policies for which there is inadequate data.
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- May 30 2022
India hikes third party motor liability premiums
This is the first such rise in two years and will feed into the overall cost of insuring vehicles
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- May 27 2022
Australia’s general insurers saw US$303m loss at start of year
The devastating floods in February and March sparked an increase in claims.
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- May 20 2022
South Korea’s non-life players see underwriting profit boost
Net profits rose by 72% in 2021 to a record-high of US$3bn in 2021, according to AM Best.
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- May 18 2022
Starr acquires FPG’s Thai operations
The firm will strengthen local product offerings with tailored commercial insurance and A&H cover.
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- May 18 2022
Petronas’ captive rating boosted by favourable COR: AM Best
Energas Insurance has has a five-year average combined operating ratio of 66%.
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- May 4 2022
Aussie floods put pressure on capacity ahead of renewals
P&C insurers have begun increasing premiums and tightening policy wordings as they take stock.
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- May 2 2022
Claims expected as record rainfall hits Townsville in Australia
The Queensland town had a US$800m flood in 2019.
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- May 2 2022
Strong headwinds for India’s non-life sector: AM Best
Rating agency maintains negative outlook but says there is significant long-term growth potential.
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- April 15 2022
Queensland, NSW flood claims top US$1.8bn: ICA
RACQ's head of claims says it is one of the worst natural disasters in Australia's history.
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- April 4 2022
Australia P&C renewals to be ‘tougher’ as cats bite: AM Best
Insurers usually buy cat excess-of-loss reinsurance with a limit above an expected 1-in-200-year loss.
