Country: Asean Page 26 / 137
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- April 2 2024
Hanoi Re’s expense ratio to stay elevated: AM Best
AM Best has revised the company’s outlook to positive from stable, and affirmed its "B++" (good) which accounts for the enhancement from its parent, HDI Global.
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- April 2 2024
Dali trade disruption costs put at US$8bn
The losses will be broad, complex and likely significant and there will be claims made under general average, Association of Average Adjusters’ chair Burkhard Fischer tells IAN.
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- April 2 2024
MS&AD completes US$200m dual-tranche Singapore cat bond for Japan nat cats
The bonds will provide Mitsui Sumitomo and Aioi Nissay Dowa with US$100m each of protection for four years.
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- April 1 2024
Opinion: Baltimore marine disaster serves as potent warning for Asia marine market
With rates sure to correct for the multi-billion dollar loss from the event, the region has more at stake with mega-vessels concentrating trade into fewer mega-ports, which can lead to potentially higher risks and mega-claims.
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- March 28 2024
Insurtech Qoala raises US$47m in latest funding round co-led by PayPal Ventures
PayPal Ventures co-led the latest funding round with MassMutual Ventures, bringing the Jakarta-based insurtech's total funding raised to US$130 million since its inception.
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- March 28 2024
Baltimore bridge collapse’s insured losses could hit US$4bn: report
Insured losses could total range from US$2-4bn, with 80 different reinsurers having provided cover to the Singapore-flagged container vessel's insurers, Reuters reports.
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- March 28 2024
China Re returns to profit on strong FY2023 primary P&C, overseas growth
China's largest P&C reinsurer said lower cat losses, and improved rate conditions at its wholly-owned Chaucer also helped it achieve a 18% growth in overseas reinsurance gross written premium.
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- March 28 2024
Vietnam’s PVI Insurance strong underwriting results set to sustain: AM Best
Vietnam's largest non-life insurer's financial strength rating, at "A-" (excellent), was affirmed on its strong performance and support from parent, German insurer HDI Global SE.
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- March 27 2024
Canopius Asia hires Patrick Fyson as APAC property head
Singapore-based Fyson will look to grow the company’s property underwriting business in the region.
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- March 27 2024
Britannia P&I’s Bermudan reinsurers, Axa XL set to bear brunt of multi-billion-dollar Baltimore bridge collapse
The event involving Singapore-flagged Dali, which could likely be the biggest insured loss in maritime history, will increase pool layer costs and container GXL pricing next year, sources tell IAN.
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- March 27 2024
HDI Global eyes A&H expansion, new representative offices in Asia: CEO
The industrial carrier reported a 4.9% APAC insurance revenue growth in FY 2023 backed by strong results in Singapore and Malaysia.
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- March 26 2024
Allianz Trade elevates James Lie as regional head of e-commerce
The appointment of Singapore-based Lie, who was previously the country manager for Indonesia, underlines the insurer's effort in tapping into the region’s fast-growing e-commerce credit insurance market.
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- March 26 2024
China Taiping posts strong 2023 overseas P&C profit growth as domestic business sags
The (re)insurer saw its China P&C insurance's operating profit plunge 71%, contrasting the 87% growth for its overseas business including Hong Kong.
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- March 25 2024
Guy Carpenter appoints new Pacific CEO in regional leadership shake-up
The reinsurance broker has hired Ben Savill as Pacific chief executive and promoted Jeff Saper and Luc Morement as APAC head of fac and regional sales leader, respectively.
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- March 25 2024
Sedgwick names Crawford’s Erwin Yu to lead Malaysia TPA operations
In his new role, Yu will lead the local operations performance and oversee third-party administration, focusing on claims management and operational initiatives.
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- March 25 2024
WTW hires Tim Dempsey to head Asia sales for corporate risk and broking business
Kuala Lumpur-based Dempsey, who joins from Aon, will collaborate with client management teams across the region to drive sales and support business growth.
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- March 25 2024
BOC Aviation assessing implications on insurance claims for two jets recovered from Russia last week
The Singaporean lessor has made US$258m in insurance recoveries for 11 aircraft, while the remaining six planes have net pre-tax write-down value of US$310m.
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- March 25 2024
1.4: Philippines sees flattish pricing though quoting markets remain tight
While there is a gradual return to an orderly renewal process, the market is seeing a shift from proportional to non-proportional treaties.
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- March 21 2024
Malaysia’s general insurance, takaful funds 2023H2 operating profits up 46%
Higher premium growth in the motor segment and continued improvements in risk-based pricing have bolstered the sector's H2 operating profit. But for full year of 2023, operating profits rose by just 3.2% year-on-year.
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- March 20 2024
Markel expands Singapore financial lines team with ex-QBE hire
Ray Lim joins as a financial and professional risks underwriter and reports to Simon Moi.
