Country: Asia Pacific Page 268 / 491
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- February 11 2021
Philippines exploring additional regional catastrophe risk pools
The government has tried — and failed — to launch a reinsurance scheme to cover state assets.
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- February 11 2021
Thai regulator revises CAR for local insurers: report
The credit rating of foreign bonds has also been changed to facilitate more overseas investment.
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- February 11 2021
ZhongAn hits ‘critical mass’ after first profits: sources
After consecutive losses, the digital insurer expects a net profit of at least US$75m for 2020.
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- February 10 2021
FSC to smooth Korea’s digital giants insurance ambitions: report
Internet players including Kakao and Naver primed to take advantage of regulatory changes.
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- February 10 2021
IAG posts A$460m loss but underlying profits improve
BI provisions drove downturn as H1 GWP climbed 3.8% to A$6.12bn.
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- February 10 2021
Ping An veteran joins Asia-Pacific P&C in Hong Kong
Terence Chen has left the Chinese insurer after over 25 years.
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- February 9 2021
Suncorp drops travel as Australia profits soar
GWP increased to A$4.35bn in H1 with home and motor growing 5.2%.
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- February 9 2021
China/US tensions reduced political risk appetite: WTW
Worldwide market capacity is US$4bn with around half allotted to Asia.
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- February 9 2021
Sedgwick adds to growing Singapore team
The loss adjuster has appointed Eugene Goh and Darren Ting to senior roles in the Lion City.
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- February 9 2021
Antares’s China exit signals run-off opportunity
Sale of legacy businesses could take off in post-Covid environment.
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- February 8 2021
Taiwan to push capital strength and sustainable finance: Fitch
The FSC has pinpointed key focus areas as insurers prepare for IFRS 17 and a new solvency regime.
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- February 8 2021
No ‘A grades’ from CBIRC in new governance rankings
Six insurers, including China Re and Ping An, received a ‘B’ rating from the regulator.
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- February 8 2021
Ant Group’s woes a boon for established insurers
CBIRC intervention suggests higher barriers to entry for would-be digital disrupters.
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- February 5 2021
Ratings round-up: Malaysian Re retains ‘strong’ IFS rating
Indonesian reinsurance player Tugure also keeps 'A+' rating from Fitch.
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- February 5 2021
Perth bushfire losses surpass US$30m
The Insurance Council of Australia has declared a catastrophe for the affected communities.
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- February 4 2021
Chubb hires head of Asia property from AIG
Alex Todd will oversee the insurer's regional commercial property portfolio from Singapore.
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- February 4 2021
Ping An’s P&C operating profit fell 23% in 2020
Financial guarantee insurance's COR climbed to 111%, but life and health profits increased 5.2%.
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- February 4 2021
Antares commits to Asia despite Lloyd’s China run-off
The specialty player will continue to place China business through Singapore.
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- February 4 2021
South Korea’s digital sandbox a ‘breakthrough’
Move creates opening for insurtechs as the regulator pushes financial services innovation.
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- February 3 2021
Sedgwick acquires New Zealand building consultancy
Thurlow Consulting Engineers will give the loss adjuster in-house engineering and construction expertise.
