Country: Asia Pacific Page 132 / 502
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- August 30 2023
QBE | Building supply chain resilience for business sustainability
While supply chain management is inherently complex, companies can take proactive measures to minimise risk exposures.
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- August 30 2023
PICC P&C’s H1 underwriting profit for commercial property zooms 165%; overall COR at 95.8%
China's largest P&C carrier's H1 underwriting profits were up 7% to US$1.3bn, while its COR was flat.
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- August 30 2023
Starr International names Sean Chen as Singapore CEO
The experienced underwriter will report to APAC president Phil Finley who has relocated to Bangkok to oversee the firm's Thai operations.
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- August 30 2023
Exclusive: Reliance’s Jio Financial starts talks with global players for ambitious general insurance foray
India's biggest conglomerate will offer up to 50% stake in the insurer, for which it is already hiring senior executives, IAN understands.
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- August 29 2023
Ping An P&C H1 underwriting profit down 27.3% to US$411m, COR up at 98%
The Hong Kong-listed insurer's P&C premium income in the first half of 2023 grew 4% to US$21.4bn.
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- August 29 2023
MG Non-life sale process resumed, sets October 5 deadline for letters of intent: report
The Korea Deposit Insurance Corporation has kicked off its second attempt to sell the beleaguered general insurer following the dismissal of a lawsuit by the largest shareholder.
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- August 29 2023
Howden taps Aon’s Abhijit Sethi for India chief operating officer role
Sethi, who was chief broking officer for Aon, will oversee pan-India placements, and has been tasked to optimise business operations for the broker.
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- August 29 2023
Tune Protect in H1 profit turnaround with COR registering 95.4%
The Malaysian carrier's US$3.1m positive result was supported by its investment performance, while travel premiums climb above pre-Covid levels.
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- August 29 2023
ZhongAn P&C reports 46% underwriting profit jump as COR improves to 95.8%
The insurer, which returned to profit after a loss in H1 2022, saw total GWP for H1 2023 reach US$2bn, an increase of 37.5%.
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- August 29 2023
Asia’s W&I market goes through MGA shift
The global MGAs could bring fiercer competition leading to lower rates and broader terms, arguably without a full understanding of the regional differences in risk.
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- August 29 2023
Strata Community Insurance MGA hires Western Australia underwriter
Daniel Wales-Harding has relocated from London and will be based in Perth, reporting to Ian Mundy, state manager, Western Australia.
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- August 28 2023
Indian government reneges on capital support to state-owned general insurers: report
The government last year provided US$600m in capital to National Insurance, Oriental Insurance and United India Insurance to meet regulatory solvency norms.
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- August 28 2023
Typhoon Saola causes flooding in the Philippines, threatens Taiwan, China and Hong Kong
The storm, also known as Goring, will exit the Philippine Area of Responsibility on Thursday and cross the Taiwan Strait before nearing southern China with a landfall area currently uncertain.
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- August 28 2023
China Pacific’s P&C H1 COR climbs to 97.9% as underwriting profit falls 12% to US$252m
The general insurer's liability line of business grew 35% and agricultural premiums saw a 34% year-on-year increase.
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- August 28 2023
Sunshine P&C’s H1 COR improves to 98.2%; boosts liability and cargo GWP
The HK-listed and Beijing-headquartered insurer reduced guarantee insurance premiums by 45%, while liability premiums increased 41% and cargo by 215%.
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- August 28 2023
India’s new reinsurance regulations are small steps towards global hub status
Reduction in capital requirements could encourage smaller global players to come into the market but there was no 'game-changing' move.
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- August 25 2023
Tokio Marine China’s premium growth could be under pressure from tightening reinsurance rules: Moody’s
The rating agency has affirmed A2 rating with a stable outlook for the subsidiary of the Japanese insurer.
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- August 25 2023
China Taiping’s P&C H1 domestic profit falls 68%; Taiping Re’s COR increases to 105.8%
The group's overseas P&C insurance business, which has units in Hong Kong, Macau, Indonesia and Singapore, saw net profit climb 10%.
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- August 25 2023
Alex Todd joins Zurich as APAC head of short-tail lines
Singapore-based Todd was most recently Asia head of property at Chubb.
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- August 25 2023
ASIC doubles down on pricing scrutiny with a new civil penal proceeding against IAG
The regulator alleges in a court filing that the insurer, which was fined US$26.5m in June for pricing misconduct, pumped up prices before applying loyalty discounts for customers renewing their home insurance policies.
