Country: Asia Pacific Page 27 / 529
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- March 21 2025
Vietnam’s PVI Insurance to benefit from profitable commercial, retail lines: AM Best
Global rating agency affirms insurer rating of A- (excellent) with a stable outlook for Vietnam's largest non-life insurer.
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- March 21 2025
Lloyd’s looks beyond Asia for growth: John Neal
APMEA platform’s 2024 GWP was up 9% year-over-year at US$9.5bn, while global premiums were up 6.5% to US$72bn.
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- March 20 2025
Steamship Mutual elevates Jamie Taylor as APAC managing director
Singapore-based Taylor, who was CEO of the Singapore branch prior to the move, spent over 17 years with the P&I Club.
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- March 20 2025
ZhongAn P&C’s underwriting profit drops 24.4% to US$137m in FY24, COR deteriorates to 96.9%
Chinese online insurer’s total GWP for FY24 was US$4.6bn, a 13.3% year-on-year increase.
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- March 20 2025
Lockton strengthens marine, energy team in Singapore with Howden hire
Cindy Khoo, who joins the broker as head of business development for marine and energy, will report to Asia head of marine Sung Wook Han.
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- March 20 2025
Regulators approve Samsung Fire & Marine’s transition to subsidiary of Samsung Life
Non-life carrier will maintain independent management and have a separate board of directors.
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- March 20 2025
Marsh names Brandon Lam as vice president for claims advocacy in Hong Kong
Prior to joining the broker, he worked at Zurich and QBE, holding several claims positions across different lines.
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- March 20 2025
Cyclone Alfred claims top 74,000, insurer extends pet coverage
Queensland remains the most affected area, with about 69,000 claims following the event earlier this month.
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- March 20 2025
Howden-owned MGA Dual promotes Damian Browne to deputy general manager for New Zealand
Auckland-based Browne has been at the company since 2021, most recently as an underwriting manager.
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- March 20 2025
Aon appoints Kevan Johnston CEO of Australia
Sydney-based Johnston succeeds Jennifer Richards, who has been appointed Asia Pacific CEO.
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- March 20 2025
Philippines 1.4 renewals ‘smooth and steady’, with XoL rates softening by 5-10%
Process more stable compared to last year, and as reinsurers have remained disciplined, negotiations are more predictable and capacity availability has improved, brokers say.
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- March 20 2025
Exclusive: Flora Fong to rejoin Marsh after short Howden stint
Hong Kong-based Fong had joined Howden last July having worked at Marsh for over 14 years.
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- March 19 2025
Ping An’s P&C FY24 net profit up 68% to US$2bn, COR improves to 98.1%
Chinese carrier’s insurance revenue rose by 4.7% year-on-year to US$45.4bn.
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- March 19 2025
Malaysia’s flood losses up 23.5% to US$207.5m in 2024: report
Losses, which equate to about 0.05% of the country’s nominal GDP, were mostly from home, while commercial losses were nearly flat year-on-year
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- March 19 2025
Review panel urges Australian insurers to implement General Insurance Code recommendations on pricing
The ICA, in its action plan released earlier this week, had disagreed with pricing-related recommendations of the independent panel’s final report.
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- March 19 2025
Allianz mulls alliance with India’s Jio after Bajaj sale: report
Formal announcement expected only after regulatory approvals, according to The Economic Times.
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- March 19 2025
‘Narrower, deeper’: US specialty insurer not resting on its laurels with energy, marine, specialty plans for Asia
The Hartford opened its third operation in Asia earlier this year, with Hartford Underwriting Agency CEO Carl Bach telling InsuranceAsia News that it also has one eye on adding cyber to its offering in the region.
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- March 18 2025
Bajaj Finserv to evaluate listing of insurance arms after Allianz exit: report
The financial services group is not looking for another partner to run the non-life and life businesses, and it will relieve Allianz from a non-compete clause, chairman Sanjiv Bajaj said.
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- March 18 2025
Howden Specialty continues APAC energy buildout with Sedgwick veteran hire
Singapore-based David Chin joins the broker as head of energy claims for its natural resources team.
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- March 18 2025
South Africa’s Sanlam upping stakes in Indian ventures a ‘moot point’ despite FDI change: reports
Financial services group is looking to revive its asset management business with Indian partner Shriram Group, while also venturing into wealth management.
