Country: Asia Pacific Page 301 / 655
-
- June 15 2023
Fewer cyclones to make landfall in China, Korea, Taiwan and Vietnam in 2023: Guy Carpenter
The Philippines is set see a 'near normal' number make landfall as the weather shifts from La Niña to El Niño conditions.
-
- June 15 2023
India proposes sweeping changes to insurance rules: report
Several amendments around capital and broker registration have been proposed by the regulator to improve insurance penetration.
-
- June 15 2023
Lloyd’s to reverse losses this year, affirms AA- rating, including for China: Fitch
Fitch expects Lloyd’s to maintain its improved global underwriting results in 2023-4 as pricing conditions remain 'favourable', although volatility will remain.
-
- June 15 2023
Howden Australia ups its sport and entertainment game with broker hire
The global broker has appointed Ben Hand, most recently a manager at CorpSure Insurance Broking, to lead the team.
-
- June 15 2023
TA Associates explores Honan exit at US$300-400m valuation: report
The private equity firm took an undisclosed stake in the acquisitive Australian P&C broker in 2020.
-
- June 15 2023
Carriers bet on APAC renewables despite losses
Underwriters await a market correction as regional investments in innovative projects such as floating solar panels increase.
-
- June 15 2023
IAG hikes rates substantially in New Zealand and Australia
The carrier said price rises of up to 30% were a result of unprecedented nat cats, claims' inflation and reinsurance costs.
-
- June 15 2023
McLarens-owned Australia and NZ specialist adjuster rebrands
GKA Investigations Group, which provides fire forensics and forensic engineering services, has become Halliwell as an extension of the US operations.
-
- June 14 2023
Zurich eyes US$400m stake in India’s Kotak General Insurance: report
The Swiss insurer has expressed interest in a 49% or 51% stake in the Kotak Mahindra Bank-owned general insurer, according to Reuters.
-
- June 14 2023
‘Very severe’ Cyclone Biparjoy to hit India, Pakistan
The powerful storm is intensifying and has triggered large-scale evacuations and shuttered oil and container ports.
-
- June 14 2023
IRDAI caps SBI group’s total stake in ICICI Lombard at 10%
The state-owned financial services group, which owns SBI General Insurance, has a 4.62% interest in the ICICI-owned general insurer through its mutual fund arm.
-
- June 14 2023
Ardonagh-backed Envest targets Asia, NZ and more Australia M&A
'We will look to expand into Hong Kong or Singapore or both in the next couple of years,' CEO Greg Mullins tells IAN.
-
- June 14 2023
Zurich Australia appoints Matt Paterson as chief claims officer
Sydney-based Paterson reports to CEO Justin Delaney and oversees claims functions across GI and life businesses, including New Zealand.
-
- June 14 2023
Vero promotes Kate Turner to executive manager
Brisbane-based Turner joined Vero in 2009 as a senior underwriter for motor and was most recently (acting) executive manager.
-
- June 13 2023
India’s central bank opens up bill discounting platform to insurers
Trade credit insurers can now provide cover to financiers on the Reserve Bank of India-run factoring platform, TReDS.
-
- June 13 2023
Fubon hamstrung by US$620m reinsurance recoveries for Covid claims
Hannover Re is among the reinsurers with the most exposure and a resolution could be months away, IAN understands.
-
- June 13 2023
Seoul Guarantee Insurance to file for IPO this month: report
The state-owned carrier, which is expanding overseas with reinsurance tie-ups with Allianz Trade and Coface, is eyeing a listing later this year as its biggest shareholder plans to exit.
-
- June 12 2023
China hailstorm losses reach US$28m: report
Extreme weather events continue in the country with cumulative rainfall in the southern city of Beihai city reaching a record-breaking level.
-
- June 12 2023
Aioi Nissay Dowa Insurance’s COR to stay in mid-90s: AM Best
AM Best has affirmed the insurer rating of A+ (superior) to ADI along with an A- (excellent) to its Chinese affiliate.
-
- June 12 2023
Mitsui Sumitomo’s ratings affirmed by AM Best as overseas operations see recovery
The agency confirms A+ (superior) rating for MSI and its affiliates as it is expected to maintain strong underwriting performance over the intermediate term
