Country: Asia Pacific Page 264 / 558
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- July 12 2022
China’s regulators issue draft rules on ‘systemically’ important insurance groups
The evaluation scope includes scale, correlation, asset realisation and substitutability.
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- July 12 2022
NSW claims rise to US$83m in latest flooding disaster
Over 10,500 claims have been lodged with insurers already, said the ICA.
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- July 12 2022
Indonesia’s Sinar Mas outlook ‘favourable’ despite 102% COR: Fitch
The firm's COR deteriorated last year compared with 2020.
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- July 12 2022
APAC free trade pact could boost premiums by US$29bn
With 16 countries involved, RCEP will increase demand across lines including marine, trade credit and engineering.
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- July 11 2022
Gallagher eyes North Asia expansion
The broking giant has set-up a new office in Hong Kong led by Irene Chiu and has ambitious plans.
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- July 11 2022
MS Amlin Lloyd’s syndicate has ‘stable’ outlook after return to profit: AM Best
Asia Pacific chief executive Will Ho has said the firm "is committed to expanding in the region".
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- July 11 2022
New South Wales flooding claims top US$65m: ICA
The latest flooding in the state is another significant loss event for insurers.
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- July 8 2022
Starr promotes Jon Tam to Hong Kong head of financial lines
Tam joined the global insurance group in the SAR in 2018.
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- July 8 2022
Miller acquires Japanese marine broker Lead Insurance Services
Lead specialises in hull, war risks and protection & indemnity.
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- July 8 2022
Down to the wire Australian renewals signal market shift
In fraught negotiations, reinsurers adapt to higher frequency of secondary perils and climate change.
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- July 8 2022
ICNZ issues climate warning as tornado claims top US$5m
ICNZ CEO Tim Grafton said the unusual event on North Island likely to become more common.
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- July 7 2022
Steadfast merges two specialty underwriting agencies
UAA has combined with Mecon Insurance to form a construction and mobile plant 'powerhouse'.
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- July 7 2022
Claims specialist Patsy Wong joins Peak Re from AGCS
Wong started at the reinsurer this month and is based in Hong Kong.
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- July 7 2022
Time to learn from Australia’s unmitigated disasters
As insurers' budgets come under pressure and nat cats intensify, mitigation needs to be prioritised.
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- July 7 2022
Hanwha General’s underwriting measures improve performance: AM Best
Negative impact of its start-up subsidiary Carrot is also expected to decrease.
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- July 6 2022
IAG extends Munich Re quota share, finalises FY 2023 reinsurance
IAG will have a maximum event retention of US$92m, allowing for quota share arrangements.
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- July 6 2022
Rare Earth’s Martin Ham takes on UK, Europe role
Ham has relocated from Hong Kong and was most recently the broker's binder and facilities director.
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- July 6 2022
Asia trade credit hardening triggered by insolvency risk
Rising interest rates and reduction of Covid support heighten threat, but market players confident on growth.
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- July 6 2022
Korea’s P&C players benefit from improved underwriting: Fitch
Profitability increased sharply in 2021.
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- July 6 2022
Australian market hit by ‘significant’ NSW flood event
Tens of thousands asked to evacuate in fast moving, dangerous situation.
