Country: Asia Pacific Page 154 / 502
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- May 16 2023
Axa XL bolsters Australia cyber team with three hires
Grace Coleman from Brooklyn Underwriting, Nicholas Maxwell from AIG and Alberto Piccena from Aon will join the (re)insurers Sydney office.
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- May 16 2023
Gallagher’s Australia arm acquires Mavco Insurance
The Perth-based construction specialist is Gallagher's tenth deal down under in the last 12 months.
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- May 16 2023
Hannover Re questions Taiwanese cedents’ hefty Covid bill
The reinsurer says it is collecting underwriting information to assess the validity of many pandemic claims over the last few years.
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- May 15 2023
HDI Global beefs up Australia team with senior AIG duo
Jae Ramsbotham has been appointed senior underwriter, crisis management, Asia Pacific and Ryan Green as senior underwriter - management liability.
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- May 15 2023
Vietnam National Reinsurance to see improved pricing, underwriting growth: AM Best
Underwriting results improved in 2022, driven by favourable attritional and catastrophe loss experience, and a reduced expense ratio.
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- May 15 2023
New Zealand announces US$720m cyclone, flood recovery package
The budget will go towards rebuilding roads, rail, schools and flood protection.
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- May 15 2023
Strata capital squeeze pushes Australian carriers out of the market
Those who remain are pushing 15-30% premium increases for standard risks with more difficult risks exceeding 40%, as cyclone claims and inflation take their toll.
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- May 15 2023
Allianz Asia Pacific COR improves to 95.1% in Q1
Operating profit in the region improved 52% to US$45m, while the insurer's Australian arm returned to profit.
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- May 12 2023
Skuld posts US$122m premium income from Asia
The P&I club, which generated 26% of premiums from Asia, improved its combined ratio to 97% in FY 2022/3 from 107% in the year before.
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- May 12 2023
QBE hits 90% of H1 cat allowance, adjusts COR target
The global carrier has also strengthened reserves by US$130m for weather events in FY 2022.
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- May 12 2023
Fortitude Re opens representative office in Tokyo
The global reinsurer has appointed Hajime Kawafuji, who joins from the company's private equity owner Carlyle, as Japan chief representative.
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- May 12 2023
Hannover Re sees up to 20% nat cat rate hike in Japan 1.4 renewals
APAC benefits from the discontinuation of proportional business; books US$100m of New Zealand cat losses.
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- May 12 2023
Sedgwick | The digital revolution: how technology is transforming claims
Asia’s insurance market needs to embrace digital and data capabilities to improve client satisfaction.
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- May 11 2023
Indian finance ministry sets riders for fresh capital in three state-owned P&C carriers: report
National, Oriental and United India will need focus on the bottom line and improve costs, digitalisation and products.
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- May 11 2023
Generali launches unified brand for Malaysian general insurance arms
Axa Affin and MPI Generali Insurans will now operate under an integrated Generali Malaysia brand.
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- May 11 2023
Ping An P&C settled US$27bn of claims in 2022
The group, across its four insurance companies, paid for more than 200 million cases at an average of about 600,000 cases per day in 2022.
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- May 11 2023
Berkley Insurance Asia promotes Owen Yin and Jack Zhao in China
Yin has been named Asia technical lead, casualty lines, and Zhao as Asia technical lead, life sciences.
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- May 11 2023
China names former banker as head of new regulator
Li Yunze, who has worked at CCB and ICBC, has been appointed leader of National Financial Regulatory Administration, which is replacing the CBIRC.
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- May 11 2023
PI specialist ITIC targets Hong Kong and Singapore for regional expansion
The carrier is moving away from marine to aviation and offshore energy, Robert Hodge, head of South-East Asia, tells IAN.
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- May 10 2023
Axis Capital appoints Mark Gregory as head of global markets, including APAC
Gregory will oversee underwriting and business growth strategies for APAC, emerging markets and Latin America.
