Country: Asia Pacific Page 260 / 559
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- August 8 2022
Suncorp’s profits fall 34% on nat cats amid US$1.7bn of reinsurance recoveries
The group missed its full year nat cat target by US$70m and had an investment loss of US$131m.
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- August 8 2022
Sompo Japan and Space BD team up for satellite launch cover
The companies want to launch more products related to lunar transportation.
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- August 8 2022
Allianz sees H1 P&C revenue decline in China but rise in Australia
Westpac GI integration in Australia helped GWP but it was hampered by Chinese economic conditions.
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- August 8 2022
AM Best upgrades Singapore Re after Fairfax support and positive 2021 result
The reinsurer's underwriting performance improved after reserve releases.
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- August 8 2022
Australian floods dampen reinsurers’ H1 results as secondary perils drive losses
Munich Re, Swiss Re, Hannover Re and PartnerRe were among firms hit by the wild weather.
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- August 5 2022
China Re estimates H1 profit to slide 40-50%
The reinsurer attributed the drop largely to a decline in investment income.
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- August 5 2022
Crawford hires former McLarens exec as head of loss adjusting, GBA
Jackson Zeng is based in the firm's Guangzhou office.
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- August 5 2022
Chubb bullish on Asia prospects after US$5.75bn M&A deal completes
CEO Evan Greenberg eyes cross-selling opportunities as Asia becomes a US$7.5bn region after Cigna deal.
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- August 4 2022
Hannover Re taps Swiss Re’s Sharon Ooi to boost Asia P&C expansion
CEO Jean-Jacques Henchoz says Asia Pacific is "evolving into the world’s largest insurance market."
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- August 4 2022
High Court of Australia to hear BI Covid appeals in October at the earliest: ICA
The Insurance Council of Australia said the market will meet the appeal costs in the ongoing dispute.
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- August 4 2022
Aon appoints Asia director of cyber solutions in Hong Kong
Sabba Manyara was most recently at rival WTW, also in the Special Administrative Region.
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- August 4 2022
Milli Re adds Christine Wong to Singapore underwriting team
Wong is a marine specialist who most recently worked at MS First Capital.
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- August 4 2022
Asia helps ‘big three’ global brokers show Q2 resilience
Aon, Marsh and WTW defy weakening economic outlook and invest for regional growth.
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- August 4 2022
New Zealand’s climate plan urges development of home flood insurance
The country’s first climate adaptation document wants to address affordability of cover.
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- August 3 2022
Non-motor lines bolster Axa’s H1 Asia P&C performance
The Asia arm comprises units across mainland China, Hong Kong, Thailand, Japan and South Korea.
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- August 3 2022
Aviso Broking continues deal spree with Queensland purchase
The broking consolidator has snapped up North Queensland Insurance Brokers.
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- August 3 2022
APAC (re)insurers prioritise pricing amid inflation pressure
APAC non-life GWP and rates will continue to climb, but the pace of growth is a mixed picture across the region.
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- August 3 2022
Urban floods in India, China and Bangladesh spurred H1 cat losses: Swiss Re
Floods in Australia were the costliest cat event in H1 2022 in terms of insured losses.
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- August 3 2022
APAC marine, aviation and transit GWP to hit US$16bn in 2026: GlobalData
The Regional Comprehensive Economic Partnership is set to help spur growth.
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- August 2 2022
Vesttoo appoints former RGA exec as Japan general manager
Kunihiko Iinuma is helping the risk transfer specialist's swift expansion into new markets.
