Country: Asia Pacific Page 162 / 492
-
- February 8 2023
Medibank faces class action suit over data hack: report
The lawsuit against the insurer was filed by Baker McKenzie and funded by litigation funding company Omni Bridgeway.
-
- February 8 2023
Light at end of tunnel for Taiwan’s Covid blues
P&C carriers paid out US$7bn in 2022, however, the expiration of policies in June could be a turning point for the market.
-
- February 8 2023
Japan’s hardening markets force cedents to review reinsurance plans: S&P
The consolidated net income of Tokio Marine, MS&AD, and Sompo will decrease year on year in FY 2022.
-
- February 7 2023
Andrew Harris to lead reinsurance for Oneglobal Singapore
Market veteran Harris will provide capital and placement solutions for climate change-affected nat cat risk exposures across Asia Pacific.
-
- February 7 2023
Sam Cheng joins Axa XL as Hong Kong head of financial lines
Cheng, who has over 20 years of P&C experience, will oversee the development of international financial lines across Greater China.
-
- February 7 2023
WTW appoints Nicky Eveleigh as New Zealand P&C leader
Based in Auckland, Eveleigh reports to the broker's country leader Michael Brown.
-
- February 7 2023
India’s appeal grows amid China pessimism
Global reinsurers and Lloyd's syndicates hone in on the market as the IRDAI seeks to cut red tape.
-
- February 7 2023
BYD acquires online insurer for US$530m: report
The deal was done on January 31 with the EV maker agreeing to acquire 100% equity of the carrier, which had entered bankruptcy last year.
-
- February 6 2023
ICICI Lombard cuts down underwriting losses: AM Best
The global rating agency has affirmed a financial strength rating of B++ (good) with a stable outlook.
-
- February 6 2023
Retro squeeze pushes Asia reinsurers to more tailored cover
Portfolios exposed to the US, Japan and loss-hit territories saw the highest prices, increased retentions and capacity withdrawal at 1.1. renewals.
-
- February 6 2023
AM Best downgrades Fubon Insurance’s credit rating as Covid losses mount
The Taiwan P&C carrier's rating has been changed to “A” (excellent) from “A+” and is under review with negative implications.
-
- February 6 2023
Asia Q4 2022 property pricing up 2% as casualty fell 1%: Marsh
Cyber rates increased 22%, an improvement over previous quarters, as more capacity entered the market.
-
- February 6 2023
AM Best hands Bangkok Insurance B++ rating, withdraws after request
The Thai insurer has requested to no longer participate in AM Best’s rating process.
-
- February 3 2023
Hong Kong’s MHK buys Lombard International Singapore
The deal is specialty (re)insurance and HNW life broker MHK Insurance Services' first overseas M&A foray.
-
- February 3 2023
Australia disaster funding under an independent review
Led by Andrew Colvin of Deloitte, the review evaluates government investment in disaster risk reduction and resilience.
-
- February 3 2023
India budget snub a wake up call for United India, Oriental and National
Market experts suggest the decision not to allocate any more capital is part of a plan to merge the P&C players with LIC.
-
- February 3 2023
IAG hit by 15,000 claims from NZ floods, ups FY 2023 nat cat forecast by US$167m
Reinsurance likely to be triggered as the Australian carrier says gross costs for the Auckland event are set to exceed US$248m, above a maximum event retention of US$167m.
-
- February 3 2023
Chinese insurtech Cheche Group initiates SPAC merger for US listing
The transaction values the combined company at an enterprise value of US$841m.
-
- February 2 2023
Honan snaps up Ardrossan Insurance Brokers
Melbourne-based Ardrossan was established by Nick Harvey in 2013 and works with sectors including manufacturing, retail, hospitality, finance, property, logistics, construction and sport.
-
- February 2 2023
20,000 claims lodged from Auckland flooding: ICNZ
A ICNZ spokesperson has told IAN that the number of claims "will continue to rise" from the "biggest climate event to have ever hit" New Zealand.
