Country: Asia Pacific Page 218 / 557
-
- March 28 2023
PICC P&C underwriting profit jumps 579%, COR improves to 97.6%
The Beijing-headquartered insurer's GWP grew to US$71bn with non-motor lines growing 11.4% year-on-year.
-
- March 28 2023
NSW’s new government urged to bin premium levy
Dropping the emergency service levy, which adds an 18% surcharge to home insurance and 40% to business premiums in the state, will lower insurance costs.
-
- March 28 2023
China Pacific P&C COR improves to 97.3%, non-motor sales spurt
The Chinese giant's P&C GWP climbed 11.6% to US$23.8bn in FY 2022.
-
- March 28 2023
Sinosure underwriting results to see ‘marginal’ growth in long term: Fitch Ratings
The rating agency has affirmed the Chinese trade credit insurer's rating as A+ (strong) with a stable outlook.
-
- March 28 2023
Lexasure-Blimobil deal to offer specialty reinsurance products
Blimobil is looking to offer insurance for cyber, asset protection, usage-based motor, home appliances and extended warranty.
-
- March 27 2023
Miller bolsters Singapore energy team with engineering hire
Boni Dipati will join in April as a risk engineer and was most recently a risk consultant specialist at FM Global.
-
- March 27 2023
World Bank’s largest cat bond to list on Hong Kong bourse
The US$630m bonds-swaps combo, which provides earthquake coverage to the government of Chile, will start trading on the city exchange on March 28.
-
- March 27 2023
India renewals to see prices climb 10-35%
The market is likely to see property, fire and marine premiums correcting as negotiations hit their final week.
-
- March 27 2023
Marsh McLennan appoints Sanjay Kedia India CEO
The Marsh India country head will assume an additional role in the ongoing senior leadership shuffle in the region.
-
- March 24 2023
China Taiping’s Macau P&C arm could see 71% COR ‘normalise’ this year: AM Best
The economy in the gambling mecca is showing signs of recovery from the pandemic with tourists returning.
-
- March 24 2023
Tower taps APRA for new chief risk officer
Sharyn Reichstein, who was a general manager at the Australian regulator, will join the Kiwi carrier in July.
-
- March 24 2023
Lloyd’s Asia GWP growth ‘in line’ with global figure of 19%
Iain Ferguson, Lloyd’s regional director APAC, Middle East & Africa, said FY 2022 expansion had been driven by specialist classes, property, financial lines and treaty.
-
- March 24 2023
Japan H3 rocket failure losses trigger domestic aviation pool
With the launch costs estimated at around US$50m, the loss won’t spill over to international reinsurers.
-
- March 24 2023
Marsh McLennan appoints Josh Roach as New Zealand CEO
The new role will be in addition to his current responsibilities as Marsh New Zealand CEO.
-
- March 23 2023
Japanese shipper seeks sovereign guarantee for war-risk vessels: report
NYK Line has asked the government to consider offering support similar to a 2012 bill that benefited tanker owners transporting Iranian oil amid European Union sanctions.
-
- March 23 2023
Cyclone Gabrielle claims reach US$558m: ICNZ
Hawke's Bay accounts for more than half of the total value at US$302m despite having a third of the total 40,000 claims.
-
- March 23 2023
GCube bets on Australia’s green transition
The Tokio Marine-backed MGA’s chief executive Fraser McLachlan discusses Australia expansion and Asia Pacific strategy.
-
- March 23 2023
Lloyd’s appoints Emma Loynes as Asia CEO
Loynes, who is head of commercial transformation within the market's directorate in London, will also take charge as permanent country manager for Singapore from May 1.
-
- March 23 2023
India’s Reliance Jio plans insurance foray: report
India's biggest conglomerate has hired senior executives from state-owned insurers and is set to approach IRDAI for general and life carrier licences .
-
- March 23 2023
Youi names Laura Wood as head of reinsurance
Laura to join Youi from Swiss Re and will replace Piers Maunder on April 17.
