Country: Asia Pacific Page 214 / 557
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- April 18 2023
Fusion backer receives investment from Direct Capital
Pop Holdings will use the investment to expand its international footprint, attract talent, and introduce products througn M&A.
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- April 18 2023
Allianz Trade expands Asia excess of loss business
The global trade credit insurer will add new headcount in Singapore, Hong Kong, Australia, Japan and Malaysia.
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- April 18 2023
WTW elevates My Thien Nguyen as Vietnam country leader
Nguyen, who was the broker’s CFO for the country, replaces Philippe Robineau.
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- April 18 2023
RMS Moody’s appoints client director in Singapore
Corene Lim, who joins the modeller in Singapore, was earlier a market development analyst at AM Best.
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- April 18 2023
ACCC extends Suncorp bank sale review period
Acquirer ANZ has agreed to an extension of the regulatory assessment period from June 12 to July 28.
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- April 18 2023
Analytics: Singapore and Hong Kong see underwriting profit, GWP bounce back
While faster premium growth saw the Lion City extend its lead over the regional rival, the SAR insurers' underwriting profits more than doubled in 2022.
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- April 18 2023
Malaysian general insurers’ underwriting profit contracts 23% in 2022
Gross direct premiums grew 10% year-on-year to US$2bn in the last calendar year, according to data from General Insurance Association of Malaysia.
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- April 17 2023
Chinese non-life carriers have solid capital, reinsurance to face cat risks: Fitch
A steady investment yield contributes favourably to most insurers’ overall operating stability and underwriting performance.
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- April 17 2023
HKFI seeks easier re-domiciliation and improved positioning to attract global majors
Policy recommendations have been submitted by the Hong Kong Federation of Insurers to the Financial Services and Treasury Bureau and the Insurance Authority.
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- April 17 2023
Canopius continues Australia build out with marine underwriter hire
The (re)insurer has appointed David Hoffman in its Sydney office to oversee its local marine offering.
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- April 17 2023
APAC aviation renewals on course for 50% hikes
Middle and higher XOL treaty layers see steep climbs while terms and conditions are under scrutiny, especially for war risks.
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- April 17 2023
Shipowners’ Club insures Singapore ship likely taken over by pirates
The ship, Success 9, has since been located off the Ivory Coast with all crew safe.
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- April 16 2023
Zhongyuan Agricultural Insurance scripts COR turnaround
The Chinese carrier, which was rated A- (strong) with a stable outlook by Fitch, posted a 90% combined ratio last year compared with 104% in 2021.
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- April 14 2023
ICNZ chief questions proposal to hike fire service levy
Fire and Emergency New Zealand has proposed a 12.8% increase in the levy on insurance policies to cover a funding shortfall.
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- April 14 2023
Tugu Insurance (Hong Kong) continues diversification push: AM Best
After years of 'unstable' underwriting results, the Indonesian-owned insurer has moved away from construction employees’ compensation to focus on lines such as a goods in transit.
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- April 14 2023
Taiwan P&C carriers seek lifeline from owners after regulatory rebuke
Tokio Marine has taken majority control of its JV, while Fubon, Hotai, and CTBC parents are set to absorb losses.
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- April 13 2023
AIG appoints Chris Colahan as APAC president
Colahan will join AIG from Berkshire Hathaway Specialty Insurance where he was president of UK & Europe.
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- April 13 2023
New Zealand nat cat claims set new record for 2022: ICNZ
At US$218m, it is the third consecutive year a new record has been set, with 2023 already surpassing the total from January and February events alone.
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- April 13 2023
McLarens New Zealand brings financial lines specialist to its fold
Casualty and Professional Services' team led by Jeff Stagg will join the loss adjuster on April 17.
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- April 13 2023
ARPC declares cyclone event as Ilsa upgraded to category 5
The strongest tropical cyclone in the region in a decade is likely to hit Port Hedland, which is one of the largest iron ore ports in the world.
