Country: Asia Pacific Page 267 / 491
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- February 22 2021
Allianz Asia 2020 GWP hits US$9bn
China and Malaysia were standouts as regional profits climbed to US$668m.
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- February 22 2021
Tower acquires ANZ portfolio for US$10m
The deal will add around US$30m in GWP to the Kiwi P&C player.
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- February 22 2021
GIC Re sale to put spotlight on obligatory cession
All general insurers in India are required to cede 5% of their business with the state-owned reinsurer.
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- February 19 2021
Recent Japan earthquake losses likely to exceed US$100m
Aon report says 7.1-magnitude tremor unlikely to be 'significant' industry event.
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- February 19 2021
Philippines sets Q1 target for nat cat facility
Domestics insurers are currently forced to look overseas for reinsurance.
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- February 19 2021
QBE sees 10% GWP growth despite US$1.5bn loss
Nat cat claims were US$134m above firm's allowance contributing to a COR of 104.2%.
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- February 19 2021
Hong Kong’s virtual banks primed to disrupt insurance
HKIA expects ZA Bank's interplay with digital insurance arm to spur similar ventures.
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- February 18 2021
ACCC signals concerns over Aon/WTW merger
Antitrust watchdog flags cyber, marine and construction lines as well as reinsurance broking.
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- February 18 2021
Indonesia P&C GWP to hit US$5.2bn by 2025: GlobalData
While 2020 saw a 4.6% decline due to Covid-19 restrictions, a recovery is expected this year.
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- February 18 2021
Aon wins tender for Australia’s terrorism reinsurance scheme
Guy Carpenter had worked with the Australia Reinsurance Pool Corporation for 15 years.
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- February 18 2021
Munich Re confirms South-East Asia and digital L&H leaders
Singapore-based Aravind Srinivas and Tobias Frenz have taken on new roles with the global reinsurer.
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- February 17 2021
Manulife’s Hong Kong & Macau earnings up 10%
Amid protests and a pandemic, new business in 2020 fell by 14% to US$460m.
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- February 17 2021
Australia broker group launches conduct review
The National Insurance Brokers Association is looking to promote commission transparency.
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- February 17 2021
Insurtech profile: Galileo Platforms
The Hong Kong-based blockchain specialist's partners include Singlife Philippines, Amodo and DXC.
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- February 16 2021
Australia liability GWP spikes in Q4: Marsh
The COR for the casualty market exceeded 100% for the first time since 2015.
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- February 16 2021
China sees 6.1% growth as premiums hit US$700bn
CBIRC full-year figures also show the reinsurance market grew 16.3% in 2020.
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- February 16 2021
Hong Kong captive market to step up in 2021
Market experts tell IAN that regulations are making it hard to attract businesses from beyond China.
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- February 15 2021
Profit at MS&AD falls steeply but Asia performs well
Japanese giant hit by a fall in premiums, Covid-19 and reorganisation costs.
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- February 15 2021
India to hand three P&C state owned majors capital boost
National Insurace, United India and Oriental Insurance to receive over US$400m.
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- February 12 2021
Allianz China Life deal to kick off APAC deal frenzy
As we enter the Year of the Ox, the M&A bulls are set to keep running.
