Country: Asia Pacific Page 284 / 564
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- March 29 2022
CPIC P&C arm hits US$1bn net profit in 2021
Agriculture, liability and health lines all saw double digit GWP growth during the year.
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- March 29 2022
Asia events market tries to shrug off pandemic hits
There are signs of life but Covid-19 connected cover is not an option unless governments are involved.
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- March 29 2022
Australia floods are an earnings, not capital event: Fitch
Most losses will be borne by IAG and Suncorp, as La Nina conditions are set to continue in Q2.
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- March 29 2022
Losses expected as Thai oil tanker explodes
The Ampar 8 was built in 2007 and is owned by Ayudhya Development Leasing.
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- March 28 2022
ICA calls for Australia cyber market overhaul
A new whitepaper calls for businesses, insurers and government to do more to promote sector.
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- March 28 2022
South Korea non-life net profits increased 65.2% in 2021
As profits hit US$3.53bn, premiums climbed a more modest 2%.
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- March 28 2022
Governments should step up nat cat market outreach
Recent flooding in Malaysia and Australia reinforce urgency in setting up protection schemes.
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- March 25 2022
Aon-COFCO appoints Dai Jia as general manager
Dai will succeed Clare Wu, who is to retire from the Chinese joint venture.
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- March 25 2022
Lloyd’s Asia income exceeds US$700m for 2021
Regional growth comes as the marketplace posts its best profit in six years.
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- March 25 2022
Larger, more frequent weather events drive Asia losses
Summer flooding in China in 2021 was one of four events globally that topped US$20bn economic loss.
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- March 25 2022
Japan earthquake property losses below US$4bn: Verisk
A maximum of US$820m can be attributed to commercial and industrial properties.
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- March 25 2022
Liberty Specialty appoints Asia head of casualty, professional risks
Singapore-based Ann Dang has been promoted.
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- March 25 2022
2021 NSW and Queensland flood loss downgraded to US$515m: Perils
The data specialist had expected in September that the event would cost the market US$562m.
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- March 24 2022
Asia MGA plans hampered by regulatory roadblock
The sector had a stellar 2021, but moving beyond traditional markets will not be easy.
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- March 24 2022
Singapore posts 8% P&C premium growth in 2021
Onshore premiums reached US$2.4bn as the market showed a strong recovery.
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- March 24 2022
Howden Specialty hires former Marsh exec in Singapore
The new director will be focused on renewable energy, downstream energy and construction.
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- March 24 2022
Australia flood claims reach US$1.8bn: ICA
Over 159,000 claims lodged with insurers in one of the country's worst flooding disasters.
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- March 23 2022
TransRe deal to expand Berkshire Hathaway’s Asia footprint
The P&C reinsurer has offices in Hong Kong, Singapore, Shanghai, Tokyo and Sydney.
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- March 23 2022
Major Australia BI decisions appealed to High Court
The ICA says it understands the need for "definitive guidance".
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- March 23 2022
CBIRC urges insurers to properly handle claims from China crash
21 insurance companies are conducting investigations on-site.
