Country: Asia Pacific Page 126 / 530
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- February 16 2024
Short-seller report on Fairfax muddies the waters for Go Digit’s IPO prospects
Research by activist Muddy Waters casts doubts on the Indian insurtech's valuations, technology credentials, and claims that it will likely lead to a down round listing.
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- February 16 2024
Mitsui Sumitomo plans to expand MS Amlin’s London capacity by 50% in 5 years: report
The Japanese group will invest more into the specialty player and use it as a driver to lead its international growth going forward.
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- February 16 2024
Queensland’s CS Energy sues five insurers for US$195m claims from explosion: report
Insurers, including AIG, Allianz, BHSI, Liberty Mutual and Lloyd's syndicates, were named by a unit of the state-backed power company for failing to pay out claims related to a 2021 explosion, according to an AFR report.
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- February 15 2024
Tower revises full year earnings guidance upwards on strong trading results
The Kiwi insurer expects underlying net profit to be at the upper end or exceed previous target of NZ$22-NZ$27 million.
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- February 15 2024
Dual NZ hires QBE veteran Arlene Oliver as senior underwriter
Oliver was acting Wellington manager and senior underwriter for the Australian insurer prior to this move.
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- February 15 2024
Fubon Insurance shakes off Covid provision, logs record monthly premium in January
The non-life carrier recorded strong growth in commercial fire and engineering insurance in January, which bolstered direct written premium to US$221.9m.
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- February 15 2024
MIC Global partners WRMS to offer parametric flood cover for India’s gig workers
The Lloyd’s player’s micro-insurance product will cover against financial impacts from extreme weather events.
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- February 15 2024
QBE appoints Robert Kosova as Asia CEO
Kosova will relocate to Singapore to assume his new role from April 1, taking over from incumbent Jason Hammond, who will return to Australia.
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- February 15 2024
Overseas growth drives Japan’s big three as domestic premiums flatten
The third quarter results reported by MS&AD, Tokio Marine and Sompo Group show strong top-line growth and substantial improvements in profits from international arms due to lower nat cat losses, reduced Covid-19 losses and forex gains.
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- February 15 2024
Gallagher India appoints Sneha Gokarn as CEO and principal officer
Mumbai-based Gokarn, who was executive director and chief marketing officer for the broker, takes over from Vinay Sohani.
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- February 15 2024
Korea’s Lotte Insurance records highest full year profit since inception
The non-life insurer's provisional full-year operating profit tripled from a year ago to US$350.5m, thanks in part to its strong growth in long-term business.
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- February 14 2024
MS Amlin COR for 9M FY 2023 improves to 90%, reports solid top-line growth
The MS&AD-owned specialty (re)insurer reported insurance service profit of US$309m, reversing the loss reported a year ago.
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- February 14 2024
Tasmania puts fire tax reforms on hold: reports
Insurance Council of Australia called the move “profoundly disappointing” and unfair, as the fire service levy adds up to 28% to the cost of a diverse range of commercial policies.
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- February 14 2024
Australia Christmas storms losses at US$906m: Perils
The initial estimate includes losses from damages of property and motor hull lines of business and will be updated on March 29, 2024.
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- February 14 2024
Fairfax-backed Go Digit gets IRDAI approval for US$150m IPO
The Indian digital insurer's listing plan was delayed after the insurance regulator issued a show cause notice in October 2023, the latest clearance from the insurance regulator now clears one hurdle in its path towards an IPO.
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- February 14 2024
P&I renewals slowed down by geopolitical unrest and inflation
Asia is again to play a big part in these renewals, as almost half of the clubs’ tonnage comes from the region, and is one of the biggest growth drivers for most clubs both for existing and new members.
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- February 14 2024
WTW strengthens Korea, Vietnam offerings with co-brokerage deal
The broker has signed an arrangement with New York-based Solomon Agency to provide insurance solutions to North American exposures of companies headquartered in the region.
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- February 14 2024
Storms in Victoria leave half a million homes, businesses without power: reports
Strong winds and lightning caused widespread damage to the power infrastructure in Australia's second-most populous state.
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- February 13 2024
FSA orders Japan big four carriers to step up cross-holdings divestment: report
The four major non-life players at the centre of the price-fixing scandal must speed up unwinding their cross-shareholdings as the regulator tightens it scrutiny, Nikkei Asia reported.
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- February 9 2024
New Zealand bans ‘forever chemicals’ in cosmetic products from 2027
The decision puts the spotlight on exclusions to claims from exposure to PFAS, which as IAN reported recently has yet to find many takers in Asia Pacific.
