Country: Asia Pacific Page 270 / 525
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- October 4 2021
Malaysia insurers resilient despite economic uncertainty
Central bank report adds that the financial services industry needs to embrace digitalisation.
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- October 4 2021
Covéa strikes out for third time with XL Re bid
The ambitious reinsurance deal would have given the French mutual a significant Asia presence.
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- October 4 2021
Tokio Marine backs out of thermal coal mining projects
Japan's top three P&C insurers had already stopped underwriting new coal power projects.
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- October 1 2021
Reinsurers not misreading climate risk threat, says GIC Re
Report says the reinsurance industry may have underestimated its exposure to severe weather events.
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- September 30 2021
India to list state-owned export credit insurer in 2022
New Delhi earmarks INR44bn cash injection over five years to increase ECGC's underwriting capacity.
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- September 30 2021
Australia’s insurers ready for ‘sweeping changes’, ICA says
A plethora of wide-ranging reforms come online on October 1 following the Royal Commission's 2019 report.
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- September 30 2021
HKIA says local market showing ‘signs of recovery’
Insurance Authority chair Moses Cheng says Hong Kong can be a "super connector" for international investment.
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- September 30 2021
Asia’s insurers face fluid M&A landscape
A series of smaller deals may be more effective than pursuing a single transformative transaction.
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- September 29 2021
Evergrande’s 50% stake in life arm could fetch US$600m — report
Bloomberg analyst warns that over US$2bn is needed to improve Evergrande Life Assurance's solvency ratio beyond 200%.
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- September 29 2021
HDI Global appoints Asean claims head
Singapore-based Raymond Ong joins the industrial lines insurer from Willis Towers Watson.
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- September 29 2021
Cover Genius: Sompo Asia leads US$72m Series C round
The Sydney-headquartered insurtech says GWP has tripled over the last six months.
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- September 28 2021
NZ regulator takes swipe at credit card insurance
Financial Markets Authority says loss ratios are as low as 10% for the business line compared to 80% for health insurers.
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- September 28 2021
CBIRC wants mainland insurers to use HK as cat bond hub — report
The move comes soon after China’s Henan province saw devastating flooding in July.
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- September 28 2021
Taiping Re turnaround gives parent first half bump
Premiums and profits are up at both China Taiping and its reinsurance arm.
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- September 28 2021
MS Amlin acquisitions doubles MS&AD’s overseas business
The (re)insurer posted a US$380m underwriting loss due to Covid-related BI and event cancellation claims.
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- September 27 2021
Munich Re appoints head of casualty treaty in Asia
Michaela Hannemann will be based in Singapore and be responsible for Japan, India, South Korea and SE Asia.
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- September 27 2021
Delta Insurance appoints NZ liability, specialty manager
Adrian Sweeney will report to Dinesh Murali, CEO of the underwriting agency's NZ operations.
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- September 27 2021
NSW, Queensland floods loss estimate further revised downward
An initial A$1.06 billion hit has been lowered to A$751m.
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- September 27 2021
India should welcome Chinese investment in LIC
Rumoured plans to ban mainland investors from IPO risk turning the deal into a political hot potato.
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- September 24 2021
APRA flags insurance capital framework as key priority
The regulator has pushed policy initiatives such as new offshore reinsurance rules to 2022.
