Country: Asia Pacific Page 178 / 527
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- May 17 2023
Travel insurer battleface opens base in Australia
The US-based carrier has partnered with MGA Mustard Underwriting, insurtech Wise & Silent and start-up Awai Travel for its regional foray.
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- May 17 2023
Tokio Marine withdraws from select Pacific markets: report
The insurer exits Guam and the Northern Mariana Islands as margins deteriorated in 2022 as medical claims rebounded.
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- May 17 2023
Aon launches climate hub in Singapore
The company will increase its headcount in its Centre for Innovation and Analytics (ACIA) in Singapore from the existing 180 employees to over 350.
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- May 17 2023
Opinion: Will the APAC trade credit market rise to the looming insolvency challenge?
With corporate risks expected to rise across Asia, carriers need to up their game and evolve more sophisticated methods of risk assessment.
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- May 17 2023
Howden appoints APAC chair amid global management restructure
Mark Wood takes on the insurance broking role with Goh Chye Huat and Matt Bacon to lead Asia and Pacific, respectively, as the broker brings retail, specialty, reinsurance and underwriting under group CEO David Howden.
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- May 17 2023
Everest ropes in Matthew O’Brien as head of casualty, Pacific
O’Brien was most recently casualty manager responsible for Australia and New Zealand at Chubb.
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- May 16 2023
Chubb Australia promotes Ryan Spettigue to global client executive
Spettigue was earlier the national leader for major accounts division, casualty, Australia, responsible for the insurer’s key clients.
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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.
