Country: Asia Pacific Page 124 / 501
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- October 2 2023
Howden renames Asian specialist arm as it unveils global rebrand
IPG Howden, the group's Asian high-net-worth life insurance broker, will be renamed Howden Private Wealth.
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- October 2 2023
Taiping Re’s ratings affirmed as operating performance turnaround continues: AM Best
The reinsurer is building on its leadership position in Greater China and expanding in South-East Asia.
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- October 2 2023
Union Medical underwriting to remain robust as Covid-19 impact subsides: AM Best
The rating agency has affirmed the Kiwi insurer a rating of A (excellent) with a stable outlook.
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- October 2 2023
ECGC improves claims experience despite volatility: AM Best
AM Best has assigned a rating of B++ (good) with a stable outlook considering its strong capital position.
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- October 2 2023
Australia’s GI brokers saw 11.4% increase in H1 GWP
The broking sector, which continues its consolidation trend, controlled US$11.9bn of premiums, according to APRA data.
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- September 29 2023
Cathay Century to sustain turnaround as motor revenues pick up: AM Best
The global rating agency has affirmed an insurer rating of A (excellent) for the Taiwanese P&C player with a stable outlook.
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- September 29 2023
McLarens hires Eugene Goh from Sedgwick as technical director in Singapore
Goh's appointment is part of the adjuster's expansion of the specialist leadership team.
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- September 29 2023
WTW | A new way forward: Cutting through Asia’s coal conundrum
With power demand soaring and coal placements declining, fossil fuel plants and insurers must work in tandem to accelerate decarbonisation and ensure the region’s resilience.
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- September 29 2023
Roojai’s South-East Asia M&A play to see GWP double
Group CEO Nicolas Faquet refocuses after snapping up DirectAsia from Hiscox this week, FWD General Insurance in Thailand in the summer and launching in Indonesia in 2022.
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- September 29 2023
Hong Kong’s Nova Insurance posts 10.8% FY revenue growth
The broker saw an uplift in PI and trade credit lines and reported revenues of US$14.1m during the year until the end of June.
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- September 29 2023
ICA urges New South Wales to drop fire services levy after Tasmania axe
The NSW state levy is forecast to collect US$900m in revenue from insurance customers in FY 2023-24.
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- September 28 2023
Tower ups reinsurance excess for first two events to US$10m
An excess of US$11.9m applies for a third event in FY 2024, while the Kiwi P&C player has decreased its upper cat limit to US$447m from US$557m.
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- September 28 2023
Tokio Marine domestic fire lines to benefit from rate hikes, says AM Best while affirming its ratings
Double-digit growth in premiums and profits from US operations boost the Japanese carrier's international business despite Taiwan Covid-19 losses.
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- September 28 2023
Price fixing by Japan’s big four carriers extends to more than 100 clients: report
The findings are from internal probes, which will be handed to the Financial Services Agency on Friday this week.
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- September 28 2023
Gallagher Re takes Guy Carpenter’s Linda Purnama to lead Indonesia
Singapore-based Purnama joins the broker from her previous role as GC's managing director covering Vietnam and the Philippines.
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- September 28 2023
Asian Reinsurers’ Summit reaffirms need to foster closer collaboration among Asian reinsurers
Malaysian Re hosted the three-day conference of 11 national reinsurers from the region in Kuala Lumpur from September 25-27.
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- September 28 2023
Analytics: Singapore’s H1 P&C underwriting profits nearly double
(Re)insurers benefited from strong premium growth in engineering and credit lines and a lower claims tally, however aviation hull and cargo GWP declined, according to MAS data.
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- September 28 2023
Korean Re’s earnings leap 300% aided by new accounting rules
The reinsurer also reported100% growth in its underwriting profit of US$159.4m compared with US$79.6m in H1 2022.
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- September 28 2023
ICNZ chief Tim Grafton to step down
Grafton will continue until his successor is appointed, for which ICNZ has already started the hiring process.
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- September 27 2023
Ping An rings in leadership changes as co-CEO Jessica Tan resigns
Michael Guo, the group's chief human resources officer, replaces Tan, with veteran Sun Jianping stepping into the HR position.
