Country: Asia Pacific Page 203 / 512
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- October 6 2022
MS First Capital 5-year COR at 62.9% on low costs, high ceding commission: AM Best
The rating agency has affirmed the Singapore insurer’s rating of A (excellent).
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- October 6 2022
Howden Specialty hires Steven Garrod to bolster APAC natural resources team
The former Lockton exec will focus on renewables, downstream energy and construction lines.
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- October 6 2022
Despite HK’s re-emergence, data shows Singapore pulling away in P&C race
While Singapore's GWP grew 14.25% in 2021, Hong Kong's annual growth was only 2.9%.
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- October 6 2022
New Zealand’s revised seismic model shows earthquake hazards have risen
On average the likelihood of an earthquake has increased 50% or more across the country.
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- October 5 2022
Axa XL enlists ex-Axis treaty underwriter in Singapore
Jessie Kuah to help look after the treaty portfolio in Malaysia, Singapore and Thailand.
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- October 5 2022
Howden Re signs up Aon director in Singapore for treaty build-out
Doreen Tan, who joins as director, Asean treaty and retrocession, reports to Stephen Warwick.
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- October 5 2022
Indonesia may ease overseas cession restrictions
Since 2016 insurers have not been allowed to place 'simple risks' with global reinsurers, but now domestic carriers can't cope.
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- October 4 2022
Eastern Australia braces for floods with severe weather warning
Rains are likely to lead to renewed river level rises across many flooded rivers in New South Wales, Victoria and southern Queensland.
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- October 4 2022
SBI General Insurance names veteran banker Kishore Poludasu as CEO
The formed deputy managing director of the State Bank of India will take charge of the insurer from October 4.
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- October 4 2022
New Zealand introduces interim solvency standard
The standard issued after two years of planning and consultation comes into force on January 1, 2023.
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- October 4 2022
Specialty lines ‘help open the door’ to Asia: Helvetia CEO
Switzerland’s third largest insurer plans to double its Asian business in the next five years.
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- October 4 2022
PingAn P&C bets on AI for nat cat risk reduction
The platform monitors local geographical and environmental data in real-time to send warnings to its clients.
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- October 3 2022
Australian cyclone pool revises down premium by 10% to US$500m
The Australian Resource Pool Corporation's revised estimates will bring savings to consumers as they renew their insurance.
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- October 3 2022
Hyundai China’s strong balance sheet to help tide over losses: AM Best
The Didi Chuxing and Legend Holdings backed carrier’s operating results were in the red due to poor underwriting performance.
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- October 3 2022
Hong Kong GI underwriting profits plunged 42% in 2021: HKIA
The reinsurance business' results grew 38% last year driven by a turn around in the proportional treaty business.
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- October 3 2022
Analytics: Asian cat losses up 145% since 2017
Models show that (re)insurers should expect even higher losses as exposures rise, according to data provider Verisk.
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- September 30 2022
AUB wraps up Tysers acquisition
Tysers Bermuda buy deferred till regulatory approval.
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- September 30 2022
Volatility may dampen China Taiping Singapore’s earnings: AM Best
The company recorded a pre-tax loss in 2021 and in the first half of 2022 from fixed income portfolio.
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- September 30 2022
Swiss Re’s Trent Thomson steps up as head of Australia, New Zealand
The 18-year company veteran will start in his new role on November 1.
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- September 30 2022
Nanmadol insured losses could hit US$6bn
Japanese cat bond issuers are under scrutiny as losses will likely attach some higher-risk reinsurance layers.
