Country: Asia Pacific Page 21 / 500
-
- December 9 2024
Pricing, deductibles and wordings under pressure in Australian financial lines market
The integration of cyber with financial institutions products hold up the rates because there aren't many markets offering this solution, says IQUW’s Tristram Prior.
-
- December 9 2024
Exclusive: APAC head Simon Weaver to leave WTW
Singapore-based Weaver has been in charge of the broker's corporate risk and broking business for Asia Pacific since January last year.
-
- December 9 2024
Aon elevates Titus Wu as associate director, Hong Kong reinsurance
Wu was most recently retrocession broker, Greater China for the firm.
-
- December 9 2024
Starr Insurance appoints Gerald MacDonald as APAC CUO
Singapore-based MacDonald was earlier underwriter at Renaissance Re and Aspen Re.
-
- December 9 2024
Fairfax-owned Singapore Re’s operating performance supported by prudent underwriting
The rating agency has affirmed the financial strength rating of A (excellent) and the long-term issuer credit rating of “a” (excellent) for the reinsurer with stable outlook.
-
- December 9 2024
Investment income key profitability driver for China Taiping Hong Kong: AM Best
AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (excellent) for China Taiping Insurance (HK) with a stable outlook.
-
- December 6 2024
China Taiping opens representative office in Dubai
The establishment of the office, located in DIFC, will help the carrier support Belt and Road initiative.
-
- December 6 2024
Vietnam’s Petrolimex Insurance could see volatility ahead over Yagi losses: AM Best
AM Best has affirmed an insurer rating of B++ (good) with a stable outlook to PJICO.
-
- December 6 2024
IFRS 17 readiness and implementation “not fit for purpose” for some APAC players
There are “specific pockets” where problems with IFRS 17 are still manifest in the Asia market, including aspects of reporting.
-
- December 5 2024
New Zealand’s Southern Response to slash headcount as Canterbury earthquake claims grant nears end: reports
The roles would be reduced by at least 15 personnel to about eight or nine by June 2025 when the Crown package, which has already settled 9,019 claims or about 96% of the eligible applicants, is expected to be wound up.
-
- December 5 2024
Oona names FWD’s Praveen Paladugu as group agency distribution head
Paladugu will oversee agency distribution channels for the Warburg Pincus-backed carrier across Indonesia and the Philippines.
-
- December 5 2024
RAC Insurance engages Barrenjoey for strategic review: report
The review aims to identify growth opportunities and enhance competitiveness in a changing market. This includes potential expansions into areas such as driverless cars and smart home technologies.
-
- December 5 2024
D&O segment could see further volatility in 2025: Allianz
The overall market size will continue to retract, driven by rate erosion, smaller limits being purchased by customers, and very limited new opportunities given slow capital market activities.
-
- December 5 2024
Malaysia’s floods trigger surge in home and commercial property claims
The event has also led to significant agricultural and infrastructure losses estimated at US$224m and affected hundreds of thousands of households.
-
- December 5 2024
Generali to exit Philippines life insurance business
Insular Life Assurance Company will buy the Italian carrier's unit, with completion expected by H1 2025.
-
- December 5 2024
Australia braces for above-average rainfall in December: BOM
The impact of the storms could be catastrophic, with the risk of fallen power lines, flash flooding, damaging winds and falling trees, says Bureau of Meteorology.
-
- December 4 2024
QBE Asia elevates Klaas Dijkstra to chief operating officer, Asia
Hong Kong-based Dijkstra will lead strategy development, business transformation, and data & analytics initiatives across Asia.
-
- December 4 2024
Despite challenges, Asia Pacific non-life insurers to benefit from rate hikes, costs control: Fitch
The rating agency has assigned a neutral outlook for the Asia Pacific insurance sector.
-
- December 4 2024
ARPC hires Guy Carpenter’s Daniel Clune as head of technical claims
In his new role, Clune will oversee technical claims and enhance ARPC's approach to complex claims management.
-
- December 4 2024
CFC’s Luke Blayney joins Fusion Specialty as senior partner for APAC
Blayney, who was most recently transaction liability senior underwriter with CFC in London, has relocated to Sydney for the role.
