Country: Asia Pacific Page 113 / 501
-
- November 24 2023
Axa Hong Kong gets Casper Kam as casualty underwriter
Prior to this move, Kam was servicing Asia clients for AIG as its underwriting manager - casualty department.
-
- November 24 2023
Reinsurance rates to moderate during January renewals: Fitch
Insured natural catastrophe claims are likely to exceed US$100bn again in 2023 but global reinsurers have been far less affected than in 2022.
-
- November 24 2023
Swedish Club to offer cyber cover to all members
The cover will be available at preferential rates to all vessels insured for hull and machinery and/or P&I through the club.
-
- November 24 2023
Opinion: The Asia casualty conundrum – curious case of underwriting results lagging rating
Rating uplifts in sectors such as general liability or cyber will take time to really kick in and feed into the bottom lines for carriers.
-
- November 24 2023
Everest hires Liberty’s Michael McCarthy as senior casualty underwriter in Australia
Sydney-based McCarthy joins the insurer from Liberty Specialty Markets where he was most recently senior underwriter, casualty.
-
- November 23 2023
GIC Re outlook upgraded to positive over strong capitalisation: AM Best
The rating agency has affirmed the state-owned reinsurer's financial strength rating at B++ (good) and national scale rating at aaa.IN (exceptional).
-
- November 23 2023
Tower’s FY 2023 COR at 101% as large events cost triple to US$33.6m
While the New Zealand insurer's GWP grew 17% to US$319m, its underlying profit fell 72% year-on-year hit by large losses from January and February weather events.
-
- November 23 2023
TuguRe could see further volatility in underwriting: Fitch Ratings
The Indonesian reinsurer's rating has been affirmed at A+ (idn) with a stable outlook by the rating agency.
-
- November 23 2023
CelsiusPro partners Tower to build distribution platform for Pacific islands parametric cyclone cover
The cover will apply to a policyholder's house or another insured location, impacted by a high wind-speed cyclone event, regardless of damage.
-
- November 23 2023
APAC markets need to wake up to changing nat cat exposures
After a bruising 2022 and 2023 nat cat loss experience to date, there can no longer be any argument that Asia faces a new flood risk reality.
-
- November 23 2023
Meritz Fire & Marine Insurance appoints new CEO amid leadership reshuffle
Kim Joong Hyun has been appointed chief executive of the Korean carrier while the incumbent CEO Kim Yong Beom steps down to oversee the group’s overall financing.
-
- November 23 2023
Australia commits US$385m for 2030 cybersecurity strategy
"We are rallying our international network of cyber guns to help break the business model of ransomware and cybercrime," says home affairs minister Clare O’Neil.
-
- November 22 2023
AIG veteran Tomi Latva-Kiskola to head Everest Insurance Asia
Swee Keong Mah, current interim head for Asia, has been appointed as chief executive officer, Everest Insurance Singapore.
-
- November 22 2023
Cyber threats biggest worry for APAC enterprises: Aon risk survey
Only two of the top five current risks in the Asia Pacific are insurable and half of the overall top 10 are uninsurable at present.
-
- November 22 2023
IAG Australia hires Liberty’s Ashley Leszczuk as lead liability underwriter
Sydney-based Leszczuk will start his new role on November 27.
-
- November 22 2023
Philippines’ MT Princess Empress oil spill claims exceed US$50m: IOPC
The first layer of claims costs, up to the owner’s liability limit, will be met by the Shipowners’ Club and the remaining claims will be paid out through the IOPC Funds.
-
- November 22 2023
Markel set to build out marine cargo, general casualty lines in Asia
The specialty (re)insurer's underwriting leaders discuss the carrier's regional growth plans, Australian ambitions and India outlook.
-
- November 22 2023
Chubb Australia names Andrew Whitlock as senior casualty underwriter for major accounts
Whitlock, who was most recently senior casualty underwriter for corporate and construction at Chubb's London office, will relocate to Sydney to assume his new role.
-
- November 22 2023
El Niño likely to continue till March 2024, says Australian weather bureau
The sea surface temperatures are hovering above El Niño thresholds into the early Southern Hemisphere autumn of 2024 while the event is gaining moderate strength.
-
- November 21 2023
NorthStandard to increase its P&I and FD&D premiums in 2024-25
The club will apply 5% general increase to its premiums from February 2024 for the 2024-25 policy year to represent "a responsible approach to underwriting at a time of persistent shipping market uncertainties".
