Country: Asia Pacific Page 152 / 492
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- March 31 2023
Cyclone Gabrielle initial losses at US$940m: Perils
This is substantially higher than ICNZ data which came out a week ago at US$555.3m.
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- March 30 2023
Medibank served another lawsuit for cyber security lapse
Law firm Quinn Emanuel Urquhart & Sullivan has initiated a class-action lawsuit for breach of disclosure obligations.
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- March 30 2023
Peak Re fell to a US$79.8m loss in FY 2022
The Hong Kong-headquartered reinsurer reported GWP of US$2.295bn up from US$2.145bn in FY 2021.
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- March 30 2023
IA imposes penalty on Hong Kong broker over lapses
Convoy Financial Services failed to keep separate client accounts and maintain proper books and records.
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- March 30 2023
Generali sees senior management changes in Asia
The insurer's regional head of health has accepted a new regional role, while the head of APAC M&A and HR leader have left the company.
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- March 30 2023
‘Tough’ Philippines renewals seeing up to 50% hikes in property, PV to climb 30%
Reinsurers adamant on rate increases even for loss-free accounts due to cat exposure, inflation and treaty costs.
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- March 30 2023
China Taiping’s domestic P&C COR improves to 99.5%; Taiping Re’s at 102.6%
The insurance group's overseas P&C business saw a net profit gain of 589%, while its reinsurance arm's net profit grew 538%.
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- March 29 2023
Igloo partners Scor, PVI for parametric coffee cover
It will offer weather index insurance of up to US$1,700 per hectare to coffee farmers in Vietnam's five central highlands provinces.
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- March 29 2023
Australian brokers placed US$12.4bn premium in second half of 2022: APRA
The figure was a 7.6% increase over the same period in 2021 and included US$1.6bn with Lloyd's.
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- March 29 2023
World Bank cat bond listing boosts Hong Kong’s ILS ambitions
As a risk management hub, the city is looking to attract talent, diversify business and develop an ecosystem, says HKIA's Clement Cheung.
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- March 29 2023
Coface promotes Grishma Kewada to Singapore country manager
Kewada will report to Graham Crozier, chief executive for South-East Asia and India.
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- March 28 2023
HDI International leads Thai insurtech Roojai’s US$42m fundraise
The funding, which also saw IFC invest, will support its expansion in Indonesia and the Philippines as well as M&A.
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- March 28 2023
Bolttech appoints Le Thi Ngoc Huong as Vietnam general manager
Huong was earlier with PTI Vietnam, responsible for managing distribution channels and partnerships, as well as developing strategic business plans.
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- March 28 2023
Chubb signs 15-year GI bancassurance deal with Hang Seng Bank
The new partnership, which replaces an agreement with QBE, will launch in July.
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- March 28 2023
PICC P&C underwriting profit jumps 579%, COR improves to 97.6%
The Beijing-headquartered insurer's GWP grew to US$71bn with non-motor lines growing 11.4% year-on-year.
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- March 28 2023
NSW’s new government urged to bin premium levy
Dropping the emergency service levy, which adds an 18% surcharge to home insurance and 40% to business premiums in the state, will lower insurance costs.
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- March 28 2023
China Pacific P&C COR improves to 97.3%, non-motor sales spurt
The Chinese giant's P&C GWP climbed 11.6% to US$23.8bn in FY 2022.
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- March 28 2023
Sinosure underwriting results to see ‘marginal’ growth in long term: Fitch Ratings
The rating agency has affirmed the Chinese trade credit insurer's rating as A+ (strong) with a stable outlook.
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- March 28 2023
Lexasure-Blimobil deal to offer specialty reinsurance products
Blimobil is looking to offer insurance for cyber, asset protection, usage-based motor, home appliances and extended warranty.
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- March 27 2023
Miller bolsters Singapore energy team with engineering hire
Boni Dipati will join in April as a risk engineer and was most recently a risk consultant specialist at FM Global.
