Country: Asia Pacific Page 211 / 526
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- November 11 2022
PGA Sompo’s outlook revised to ‘good’: AM Best
The Makati City-headquartered insurer holds a 3% non-life market share in the Philippines.
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- November 11 2022
Ransomware group targets IRDAI: report
The Indian Computer Emergency Response Team is understood to have been alerted.
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- November 11 2022
FTX collapse puts the focus on crypto insurance
Hong Kong could lead the way for much-needed regulation of the digital asset space.
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- November 11 2022
Evergreen captive sees ‘favourable’ net claims: AM Best
AM Best expects that marine underwriting results will continue to be the main driver of its bottom-line.
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- November 10 2022
Chubb promotes Ben Howell to lead APAC consumer business
The regional head of A&H takes on the role with immediate effect.
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- November 10 2022
ZhongAn’s investment income balances ‘marginal’ underwriting result: AM Best
Investments will continue to be the main driver of profits over the medium term.
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- November 10 2022
Tokio Marine opens digital labs in Singapore, Taipei and Tokyo
The Japanese giant is creating a new ecosystem, inspired by its Brazilian app.
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- November 10 2022
Nepal’s regulator rebrands as new Insurance Bill enacted
The Nepal Insurance Authority, previously known as Beema Samiti, will keep the same board.
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- November 10 2022
ASIC warns insurers of likely surge in claims, seeks higher preparedness
Australian securities regulator said firms need to gear up for the summer as La Nina persists.
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- November 10 2022
China policy push spurs demand for cyber cover
A data privacy law and a new draft cybersecurity insurance framework should help the domestic market.
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- November 10 2022
Charles Taylor strengthens Asia presence with Vietnam office
The loss adjuster will deal with losses in industries such as property, liability, aviation, marine, and engineering services.
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- November 9 2022
Adva Underwriting brings on board Joanne Chan for APAC marine cargo foray
Chan, who joins the specialist MGA in Hong Kong, will focus on bringing additional capacity in the region.
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- November 9 2022
Reinsurers seek correction through rates, retentions and tighter terms
As Asia 1.1 renewals gather momentum, the market is facing a perfect storm of challenges.
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- November 9 2022
FM Global opens US$57m Singapore risk management centre
The facility in the Singapore Science Park will also house the insurer's Asia head office.
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- November 8 2022
PSC confirms trio of acquisitions as Hong Kong revenue climbs to US$4.5m
The group is spending US$14m on Hong Kong's Charter-Union Insurance Brokers, Ensurance UK and Australia's Trade Credit Risk.
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- November 8 2022
APRA’s new capital guidelines won’t impact ratings, says Fitch
Fitch believes the latest regulatory expectations may carry implications for the pricing of capital instruments.
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- November 8 2022
India eyes parametric alternatives for crop insurance scheme
The market seeks to introduce greater efficiency in the oft-criticised agri insurance scheme through new technologies.
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- November 8 2022
Gallagher snaps up Melbourne broker
JLS Insurance Consulting's team will join Gallagher's Melbourne office.
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- November 8 2022
Suncorp cat claims in Q1 hit about 50% of deductible
The Australian insurer said it expects its nat cat claim costs to be in the range of US$225m-US$263m between July and October 2022.
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- November 7 2022
WTW appoints Oliver Scarr as head of cargo in Asia
Based out of Singapore, Scarr will report to Lewis Hart, head of marine for the broker in Asia.
