Country: Asia Pacific Page 303 / 531
-
- March 23 2021
NSW floods: 11,700 claims filed and many more on way
Insurance Council of Australia notes that February 2020 rainstorms saw nearly US$800m pay-out.
-
- March 23 2021
CXA shutters Vietnam office as it ‘consolidates’ due to Covid-19
The insurtech sold its Singapore and Hong Kong brokerages in February.
-
- March 23 2021
China FDI changes won’t spur insurance gold rush
Replacing ownership caps with a national security review is unlikely to open the investment floodgates, experts tell IAN.
-
- March 22 2021
NSW floods to bring ‘significant’ commercial claims
Market sources tell IAN the loss situation is "dynamic" as Sydney dam overflows.
-
- March 22 2021
Philippines’ capital requirements to push P&C deals
AM Best says minimum net worth regulations to drive mid-tier M&A in the coming years.
-
- March 22 2021
Fairfax Asia makes take private bid for Singapore Re
The reinsurer focuses on property, liability, accident and marine lines and is valued at US$155m.
-
- March 22 2021
Asia ILS growth needs better data
New nat cat modelling tools aim to attract risk capital to the region.
-
- March 19 2021
HK start-up Azure targets freight amid trade recovery
Anmol Sawlani leads the new broker as Hong Kong introduces tax breaks for the marine sector.
-
- March 19 2021
APRA wants more cyber data from insurers
The regulator agreed an extended timeframe with the ICA to facilitate a "more effective process".
-
- March 19 2021
GBA insurance plans hindered by data law diversity
Market remains bullish but cross-border transfer rules need work, experts tell IAN.
-
- March 19 2021
Swiss Re’s coal pledge sets a marker
Cutting thermal coal exposure from treaties puts pressure on competitors to follow suit.
-
- March 18 2021
Tower turns corner on Canterbury quake
New Zealand’s Reserve Bank halves the insurer's minimum solvency level to US$18m.
-
- March 18 2021
Singapore’s 2020 P&C underwriting profit hits US$177m
GIA data shows specialty lines fell to a US$20m loss although GWP was up 10% to US$590m.
-
- March 18 2021
Hong Kong’s digital insurers need ‘time’ amid mixed results
Insurance Authority data for 2020 shows some large gaps between premiums and expenses.
-
- March 18 2021
Japan 1.4 wind hikes to top 7.5%: sources
IAN understands earthquake renewal rates are also set to climb by up to 5%.
-
- March 17 2021
China’s January GWP exceeds US$150bn
CBIRC data shows a strong start to the year with health insurance premiums up 28%.
-
- March 17 2021
Euler Hermes appoints Shan Aboo as Asean CEO
The regional director will relocate from Hong Kong to Singapore to take up the role.
-
- March 17 2021
Bitcoin mining cover needs ‘realistic’ pricing
As policy requests grow, expert tells IAN the risk exceeds traditional data centres.
-
- March 16 2021
Australia’s second BI test case moves ahead
Allianz, IAG, Chubb, Guild and Swiss Re face off in Federal Court against nine small businesses.
-
- March 16 2021
AIG Korea appoints Ramzi Toubassy as new CEO
The Malaysia-based AmMetLife head is set to replace the retiring Douglas Min on April 1.
