Country: Asean Page 50 / 141
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- December 29 2022
Philippines regulator sets aside cat premium hikes
The Insurance Commission has suspended the revised schedule of minimum catastrophe rates that took effect from November 1.
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- December 24 2022
QBE Asia P&I rebrands to British Marine
The P&I office in Singapore will be rebranded from January 1, 2023.
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- December 23 2022
Tugu outlook revised to negative over poor underwriting performance: AM Best
The rating action is despite the Indonesian carrier posting a 15% jump in pre-tax profits for the first nine months of 2022.
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- December 23 2022
Vietnam Bao Minh Insurance combined ratio at 97.8%: AM Best
The firm’s claims have been supported by a lower loss ratio in motor, personal accident and health.
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- December 21 2022
Bernardo López named CEO of Axa Philippines
He was most recently heading Axa Colpatria, the French giant’s Colombia operations.
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- December 20 2022
Claire Wong returns to Zurich Singapore as senior casualty underwriter
Wong was most recently a liability underwriter at Allianz Global Corporate & Specialty.
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- December 19 2022
Regional P&C players bet on Indonesia despite headwinds
The country is seeing a flurry of deals and is expected to overtake Thailand as the largest Asean P&C market.
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- December 19 2022
Fubon Vietnam underwriting performance improved despite cat losses from foreign inward business
AM Best has affirmed the B++ rating for the general insurance arm of the Taiwanese financial services group.
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- December 16 2022
Santam retains India, Malaysia operations following Sanlam-Allianz deal
The African financial services group holds a 23% stake in India's Shriram General Insurance and 49% of Malaysia's Pacific & Orient Insurance.
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- December 15 2022
Malaysian Re’s strong capital buffer offsets underwriting losses
Fitch affirmed the Asean reinsurer's A (strong) rating in terms of its financial strength with a stable outlook.
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- December 15 2022
Indonesia wants nat cat cover for certified buildings after West Java earthquake
In November a 5.6-magnitude earthquake rattled the city of Cianjur killing more than 330 people and damaged thousands of homes.
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- December 14 2022
Singapore’s cyber risk pool should be relaunched, says architect of last attempt
A reluctance to share capacity scuppered the efforts in 2018, but the market has evolved greatly since.
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- December 13 2022
Affin sees February 2023 completion for Malaysia Generali mergers
Affin will own 30% of a larger business following the completion of the merger of the three businesses.
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- December 12 2022
Marsh promotes Chou Sean Chong to Malaysia CEO
Chou takes over from CB Lim, who will move to a new role as chief client officer in the new year.
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- December 9 2022
Covid restrictions help Lonpac improve COR: AM Best
The general insurer posted a five-year average combined ratio of 66.1%.
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- December 9 2022
Etiqa’s five-year average COR at a ‘strong’ 87%: AM Best
The Malaysian general insurer's performance is driven by low net losses in core lines and strong reinsurance commission income.
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- December 9 2022
Asean insurers setting strict targets for green transition
Many regional players still fall short to support the Paris Agreement targets due to institutional barriers and weak financing.
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- December 7 2022
Kroll snaps up energy sector valuation consultant AVC
AVC has operations in Thailand and offers technical claims support across APAC.
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- December 7 2022
AGCS appoints Asia financial lines claims manager
Fiona Tom, who has previously worked at Aon, has relocated from Sydney to Singapore for the role.
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- December 5 2022
WTW names William Miller as head of APAC for new crisis management unit
The broker is merging its special contingency risk and terrorism and political violence teams from January 1.
