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- July 31 2023
Everest Insurance’s Swee Keong Mah named interim Asia head
Singapore-based Mah, who is the head of legal, Asia Pacific, was handed charge on July 28 following Ben Carey's exit.
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- July 31 2023
WTW appoints Anthony Wong as director, large accounts, corporate risk and broking Asia
Wong will relocate to Singapore to work with the broker's strategic clients and develop large and complex accounts capability in the region.
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- July 28 2023
Earthquake risk concentration weigh on Reasuransi Maipark’s earnings: Fitch
The rating agency has affirmed insurer rating A with a stable outlook for the Indonesian reinsurer.
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- July 28 2023
Bolttech names new Asia insurance exchange director
Stuart Watson joins from Aon where he led affinity and digital solutions strategy across Greater China, Japan and South-East Asia.
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- July 28 2023
Japan P&I Club on hook after large fire on ship with US$100m of cargo
The Japanese-owned vessel is near a World Heritage site and was carrying over 2,800 vehicles, including 498 electric cars.
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- July 27 2023
Philippines eyeing national indemnity programme for 2024 after World Bank cat bond expiry
The country, hit this week by Typhoon Doksuri, is seeking US$37m in the 2024 national budget to cover the premium costs.
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- July 26 2023
Tokio Marine Kiln signs up political risks specialist Cindy Gunawan in Singapore
Gunawan, who joins from Marsh, will report to regional underwriting director Jamie Tang.
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- July 26 2023
Large loss expected from stricken ship and containers off Taiwan coast as typhoon looms
A Palau-flagged container ship has sunk possibly triggering environmental and long-term liability claims, as the Philippines, Taiwan, China and Hong Kong prepare for huge storm.
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- July 26 2023
Philippines non-life market outlook negative due to higher risk retention: AM Best
The country’s carriers have reduced proportional cover for property insurance due to the hardening market and tighter terms.
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- July 25 2023
Exclusive: Sedgwick cuts 14 staff in Singapore – sources
Nicki Dunn, Sedgwick's Singapore chief executive, tells IAN that the city-state remains the "focal point" of the adjuster's Asia business.
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- July 24 2023
Thai carrier Dhipaya handed negative rating outlook due to stress on capital buffer
AM Best, however, affirmed the A- (excellent) rating for the country's second largest general insurer due to strong operating performance, COR of 83.6%.
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- July 24 2023
Philippines, Hong Kong, China and Taiwan brace for typhoon
The slow-moving storm is picking up strength as it approaches north-eastern Philippines with the government issuing strong wind and rain warnings in Luzon.
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- July 20 2023
Tokio Marine Kiln expands its cyber presence with Axa XL hire
Singapore-based Sam Bye will start in the role of a cyber underwriter from August 1 and report to APAC underwriting director Jamie Tang.
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- July 19 2023
Liberty’s Asia reorganisation will have ‘no job impacts’
The realignment from August 1 brings together all the insurer's businesses in Asia under the leadership of Phil Hobbs, president and managing director, Liberty Specialty Markets.
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- July 18 2023
Allianz Trade appoints Chris Markesteijn as APAC head of surety and guarantees
Markesteijn, who is relocating to Singapore, will replace Christopher Shortell who will move to the role of surety services director at Allianz Trade Americas.
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- July 17 2023
Exclusive: Ryan Specialty set for Asia foray with M&A unit
The MGA, Ryan Transactional Risk, has hired an AIG exec to lead the Singapore office, which will write business from across Asia Pacific.
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- July 17 2023
Chubb names Jeremy Leow as Asia PI and medical malpractice underwriting manager
The insurer has also appointed Wendy Lai to head its bancassurance partnership with Hang Seng Bank in Hong Kong.
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- July 14 2023
Filipino carriers’ Covid-19 total claims bill was US$412m at end of 2022
Insurance Commission data shows that claims dropped sharply in the second half of last year.
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- July 14 2023
Nat Re to rejig portfolio with a shift to life business to improve profitability: AM Best
The rating agency has affirmed the reinsurer's rating of B++ (good) with a stable outlook.
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- July 13 2023
HDI takes Markel’s James Guardino to enter Asian political & credit risk market
Guardino will report to Singapore managing director Graham Silton and Nick Robinson, HDI Global Specialty’s head of political and credit risk in London.
