Country: Asia Pacific Page 306 / 531
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- February 26 2021
Australia’s second BI test case goes federal
Allianz, IAG, Chubb, Guild, and Swiss Re seek clarity on trigger clauses and the impact of government shutdowns.
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- February 26 2021
Uncertain outlook for China P&C
Premium income grew by 4.4% in 2020 according to IAN analysis of CBIRC data.
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- February 25 2021
Axa posts robust 2020 Asia results
CEO Thomas Buberl plans Axa XL turnaround after US$1.7bn global loss.
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- February 25 2021
Hong Kong targets captives, specialty and ILS in budget
Finance chief Paul Chan has outlined tax breaks and plans to expand the captive market.
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- February 25 2021
Gaps remain despite record weather claims: ICNZ head
The industry association's CEO tells IAN that commercial property and agricultural crops still lack protection.
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- February 25 2021
Australia brokers’ strong results belie Aon/WTW concerns
AUB, Steadfast and PSC all announced eye-catching results.
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- February 24 2021
HSBC to double down on China as global premiums dip
Protests and Covid-19 hit Hong Kong's life sales hard as mainland visitors dried up in 2020.
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- February 24 2021
Aegon exploring Asia life operations sale: report
Transamerica Life Bermuda targets high net worth individuals in Singapore and Hong Kong.
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- February 24 2021
HK insurers to profit from renminbi reforms
China's SAFE mulls allowing citizens to buy overseas securities and insurance.
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- February 23 2021
Australia construction has ‘plenty of capacity’ despite pullbacks
A market source told IAN that rate rises were coming from a low base.
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- February 23 2021
MAS investment revisions to exclude SPRVs
The regulator is also seeking feedback on a wide range of risk management questions.
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- February 23 2021
New Zealand MGA Delta appoints Kent Chaplin as COO
The former DXC Technology and Lloyd’s executive joins to support the agency's Asia expansion plans.
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- February 23 2021
Tahoe Life sale runs aground as Ping An jumps ship
The HKIA has reportedly also ordered the insurer to temporarily stop underwriting new business.
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- February 22 2021
Allianz Asia 2020 GWP hits US$9bn
China and Malaysia were standouts as regional profits climbed to US$668m.
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- February 22 2021
Tower acquires ANZ portfolio for US$10m
The deal will add around US$30m in GWP to the Kiwi P&C player.
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- February 22 2021
GIC Re sale to put spotlight on obligatory cession
All general insurers in India are required to cede 5% of their business with the state-owned reinsurer.
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- February 19 2021
Recent Japan earthquake losses likely to exceed US$100m
Aon report says 7.1-magnitude tremor unlikely to be 'significant' industry event.
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- February 19 2021
Philippines sets Q1 target for nat cat facility
Domestics insurers are currently forced to look overseas for reinsurance.
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- February 19 2021
QBE sees 10% GWP growth despite US$1.5bn loss
Nat cat claims were US$134m above firm's allowance contributing to a COR of 104.2%.
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- February 19 2021
Hong Kong’s virtual banks primed to disrupt insurance
HKIA expects ZA Bank's interplay with digital insurance arm to spur similar ventures.
