Country: Asia Pacific Page 243 / 491
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- August 18 2021
PSC acquires troubled AIBS’s broking portfolio for A$24.5m
Alliance Insurance Broking Services has been accused of mishandling client funds by Australia's securities regulator.
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- August 18 2021
Sedgwick appoints Asia BD director from McLarens
Catherine Cooper joins the loss adjuster during a period of active regional expansion.
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- August 18 2021
Korean insurers face competition from fintech powerhouses: Moody’s
The digital "arms race" will Big Tech will be a credit burden for some incumbent insurers.
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- August 18 2021
Sri Lanka P&C profits doubled in 2020
Allianz was one of the biggest gainers on the island as Covid-19 subdued claims.
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- August 17 2021
Lloyd’s open to more coverholders in Asia
Hong Kong has welcomed three new coverholders in the last 12 months, according to an August 17 webinar.
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- August 17 2021
AIA sees robust first half performance across Asia
New business grew in all regional markets except Hong Kong as Covid-19 travel restrictions continue to bite.
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- August 17 2021
Asia’s M&A boom runs across the value chain
Confidence has returned to the market with the region being seen as a safe long-term bet.
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- August 17 2021
Nat Re facing adverse business conditions: Phil Ratings
Rating agency says the firm still enjoys a "unique advantage" as it is entitled to 10% of all outward reinsurance from domestic insurers.
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- August 16 2021
JB Boda broking director to join Willis Re in Singapore
The experienced broking director Vinod Krishnan will join the reinsurance broker in the fourth quarter.
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- August 16 2021
Ping An P&C to maintain lead despite competition: Moody’s
The general insurer had a combined ratio of 99.1% in 2020 surpassing most of its domestic peers.
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- August 16 2021
Guy Carpenter appoints new APAC president
Australia-based Michael Harden joins from Willis Re, where he was the Asia Pacific president.
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- August 16 2021
HSBC Insurance purchases Axa Singapore for US$575m
The deal would make HSBC the Lion City's seventh largest life insurer.
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- August 16 2021
Steadfast buys Coverforce for A$411m as profit climbs 20%
A previous attempt to buy Coverforce by the AUB Group collapsed in December 2019.
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- August 16 2021
Nepal’s Himalayan General and Sagarmatha to merge: report
If the deal goes ahead it could create the country's largest insurance firm.
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- August 16 2021
Gallagher’s US$3.25bn Willis Re deal now includes China and Hong Kong, says CEO
The US broker will take on about 2,200 Willis Re reinsurance staff across the globe.
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- August 16 2021
China’s crackdown on digital insurers to favour incumbents
The CBIRC's criticism of “internet insurance chaos” to benefit the segment in the longer term.
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- August 16 2021
Q&A: PICC Re’s Qing Zhang talks reinsurance digitalisation
The reinsurer's president tells InsuranceAsia News the firm is looking to grow in Asia, Europe and North America.
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- August 13 2021
Sri Lanka’s state reinsurer saw premiums decline in 2020
NITF discontinued accepting a 30% facultative share from local insurers due to the non-availability of retrocession cover.
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- August 13 2021
Gallagher/Willis Re deal to offer weighty Asia footprint
The US-broker needs larger operations in reinsurance and the region to be a truly global broker.
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- August 13 2021
Singapore life insurers see 61% new business growth in H1 2021
The first half of the year saw a significant growth in the number of policies purchased online.
