Country: Asia Pacific Page 274 / 510
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- June 2 2021
Himalayan Reinsurance wins Nepal operating licence
The firm beat out four other applicants to join Nepal Re as the country's second reinsurer.
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- June 2 2021
Japan’s P&C players struggled overseas in last financial year
Profit drops at 'Big Three' related to Covid-19 and credit insurance, according to Moody's.
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- June 2 2021
Japan’s global majors face heightened supervision
FSA to up scrutiny of MS&AD, Sompo and Tokio Marine's overseas units.
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- June 1 2021
Lockton set to expand in New Zealand
Paul Marsden, Lockton Australia’s CEO, describes the move as a "significant investment" into Pacific expansion.
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- June 1 2021
Tencent-backed venture receives HK reinsurance licence–report
FuSure Reinsurance has applied to reinsure 17 non-life lines including railway rolling stock, aircraft and ship liability.
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- June 1 2021
Hong Kong’s non-life underwriting profit up 55.6% in Q1
Regulator data shows GWP for non-life insurance remained flat at US$2.36bn.
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- June 1 2021
Chaucer eyes South-East Asia renewables market
The specialty Lloyd’s player is at work on a US$100m onshore renewable energy construction facility.
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- May 31 2021
India’s non-life market to face continued headwinds
AM Best notes that motor, health and crop lines were some of the worst performing in FY 2021.
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- May 31 2021
Swiss Re sells off remaining New China Life stake: report
Last week's sale brings to an end an eight-year investment relationship.
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- May 31 2021
HKIA suspends broker’s license for regulatory breach
The regulator also issues fines for failing to submit audited financial documents.
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- May 31 2021
Ardonagh targets Asia specialty growth
The broking group aims to fill the void left by mega mergers such as Aon/WTW and Marsh/JLT.
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- May 31 2021
Crawford partners with Godfrey to expand into New Zealand
The acquisition of the loss adjusting and claims management firm is part of a trend of US players expanding into Asia.
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- May 31 2021
PartnerRe poaches Swiss Re exec to head L&H in Australia/NZ
Garry Xue will be based in Hong Kong and report to John Mok, chief executive, L&H Asia Pacific.
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- May 28 2021
HKIA extends temporary facilitative measures to September 30
The exemption allows for the distribution of certain products via digital channels, telemarketing, post or video conferencing.
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- May 28 2021
Chubb makes four APAC leadership appointments
Regional vice president Glen Browne to oversee A&H and personal lines across Asia Pacific.
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- May 28 2021
Swedish insurtech Greater Than opens Japanese subsidiary
The AI analytics platform currently partners with insurers such as Zurich and MSIG.
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- May 27 2021
Ardonagh buys Ed parent Corant Global for US$500m
The group comprises global assets including Besso, Ed, Piiq Risk Partners and Epsilon Underwriting.
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- May 27 2021
Philippines’ insurers paid US$80m in Covid-related claims in 2020
Insurance Commission survey reveals almost one-third of payouts went to death benefits.
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- May 27 2021
Tower Insurance hit by cat claims as H1 profit drops 19.5%
New Zealand P&C player dealt with a large fire and severe flooding, but GWP climbed 6% to US$141m.
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- May 27 2021
X-Press Pearl fire to see ‘significant’ cargo, salvage claims
Insurers face claims in the tens of millions of US dollars.
