Country: Asia Pacific Page 218 / 526
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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.
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- September 29 2022
Gallagher Re shakes-up APAC senior team
David Bangs takes over as head of Gallagher Re APAC from Robin Swindell, who heads to Tokyo in a senior role.
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- September 29 2022
China Merchants Bank consolidates Hong Kong GI businesses
CMB Wing Lung Insurance to merge with China Merchants Insurance in an all-stock deal.
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- September 29 2022
Axa XL charges up APAC, Europe energy team with Scor hire
Olivier Croese will join the Paris office as product leader for energy and construction.
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- September 29 2022
QBE sells Irish casualty commercial renewal rights to Ascot
Ascot will offer renewal terms on the portfolios and the existing back book policies will remain with the Australian insurer.
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- September 29 2022
Opinion: Australia’s natural disaster fund far from ‘ready’
The US$135m federal government funding should be matched and cross-country coordination improved, as the ICA demands.
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- September 29 2022
Optus cyber loss expected to breach US$1bn
Australian cyber carriers brace for a major hit with potentially multiple insurance payouts as law firms prepare class action suits.
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- September 28 2022
Typhoon Noru rips through South-East Asia as it moves to Thailand via Laos
After slamming the Philippines and Vietnam, the tropical storm is expected cause flooding along the Mekong river.
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- September 28 2022
Insurers shying away from writing new China, Taiwan policies: report
Risk managers are worried a sanctions war between the US and China may restrict capital flow.
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- September 28 2022
Risk pools no panacea for Asia’s secondary peril threat
(Re)insurers need to improve risk selection and underwriting to cope with models that don’t have the same predictive power.
