Country: Asia Pacific Page 254 / 510
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- October 13 2021
Singapore pandemic boost continues
Industry earns bigger underwriting profits in Q2 than in 2018 and 2019 combined.
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- October 12 2021
Tahoe Life extends policy suspension, continues strategic review
The life insurer hasn't sold new policies in Hong Kong since February as negotiations with potential investors continue.
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- October 12 2021
Chaucer adds political risk, contracts to BRI consortium
The Belt and Road Initiative involves around 2,630 projects with a combined value of US$3.7trn across 65 countries.
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- October 12 2021
Cigna APAC deal gives Chubb Korean A&H boost: AM Best
Asia-Pacific to account for 20% of global operations once the acquisition closes.
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- October 12 2021
Plenty of capacity to meet record LNG prices
Insurance market can meet rising limits despite a price surge of almost 900% this year.
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- October 12 2021
India may allow foreign investors to own 20% of LIC–report
Bloomberg report says government to discuss on Wednesday overseas participation in India's biggest IPO.
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- October 11 2021
IAG, Suncorp review BI provisions after court win
The insurers have already set aside hundreds of millions of dollars to cover potential claims.
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- October 11 2021
Trade credit claims to spike in 2022
Withdrawal of support for businesses predicted to fuel 18% spike in insolvencies.
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- October 8 2021
Insurers win landmark Australia BI Covid case
The closely watched trial examined issues such as disease definition, outbreak proximity and the impact of government lockdowns.
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- October 8 2021
Chubb buys six Cigna APAC operations, Turkey JV interest for US$5.75bn
Deal includes A&H and life units in Korea, Taiwan, New Zealand, Thailand, Hong Kong and Indonesia.
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- October 8 2021
Luen Fung Hang Insurance remains Macau’s second largest non-life player
The company’s net combined ratio improved to 61% from 67% in 2020 according to AM Best.
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- October 8 2021
Axis reshuffles capital risk solutions team
Shuohan Dai joins from Euler Hermes to oversea capital risk underwriting in Asia Pacific.
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- October 8 2021
Japan Post stake sale draws line under mis-selling scandal
Revenue at the group's insurance arm has bounced back after a sales ban due to widespread employee misconduct.
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- October 7 2021
SIRC 2021 confirmed as virtual event
Singapore's finance minister, Lloyd's chairman and Swiss Re's reinsurance CEO are set to speak.
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- October 7 2021
Vietnam’s BIDV Insurance saw 13% GWP growth in 2020: AM Best
The insurer's combined ratio has averaged around 98% over the past five years.
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- October 7 2021
HDI boosts professional lines with two senior underwriters
Alexandra Fox-Slater and Luke Southwell join the specialty player from Chubb and Zurich, respectively.
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- October 7 2021
Victoria earthquake claims rise to A$147m: ICA
9,850 claims have been lodged to date with insurers so far.
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- October 7 2021
Australia’s nat cat costs on upward trajectory
Natural disasters cost Australia around A$38bn per year but this figure is set to rise significantly.
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- October 6 2021
Mega Insurance posts ‘satisfactory’ underwriting performance: Fitch
The insurer has slashed its credit insurance portfolio -- which has resulted in outsized losses for Indonesia's P&C players.
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- October 6 2021
Swiss Re weighs investment in Paytm Insurance: report
The digital payments firm is reportedly looking to formalise its insurance operations as it eyes an acquisition of Raheja QBE.
