Country: Asia Pacific Page 34 / 510
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- November 28 2024
Tower reports strong underwriting gains, COR falls to 79% amidst no major events
The New Zealand insurer's turnaround was primarily due to no large cats in the financial year, driving its NPAT to US$49m up from US$4m a year ago.
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- November 28 2024
Typhoon Yagi losses set to reshape Vietnamese (re)insurance market
With insured losses likely to add up to a decade’s industry profit, the market could see rates and retentions increase and accelerate the shift to XoL structures.
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- November 28 2024
IAG to acquire RACQ insurance business for US$555m
The Australian insurer will enter a 25-year exclusive strategic alliance to provide the mutual's general insurance products and services for the members and Queenslanders.
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- November 28 2024
Sompo targeting US$1bn GWP growth from overseas business by FY 2026
It continues to eye geographic expansion and is actively working on M&A, the Japanese insurer said in its mid-term management plan.
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- November 27 2024
India’s Edme continues team buildout with ex-Coface CEO
Mumbai-based Bhavesh Patel joins the broker as executive director, corporate business of financial and credit specialty.
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- November 27 2024
Japanese, Korean trade insurers face US$100m+ exposure in Northvolt bankruptcy: report
The government-owned credit guarantee agencies NEXI and K-Sure had covered loans to the Swedish battery maker that filed for a Chapter 11 reorganisation in the US.
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- November 27 2024
Miller hires ex-UIB Konatsu Watanabe to strengthen Singapore P&C team
Watanabe brings valuable experience in areas such as facultative placements with a particular focus on Japanese business across Asia, according to the broker.
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- November 27 2024
Coface New Zealand expands risk underwriting team with Allianz Trade hire
Seif Nasser joins the trade credit insurer as a senior risk underwriter.
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- November 27 2024
Exclusive: HDFC Ergo’s Hiten Kothari returns to WTW India as senior P&C director
Mumbai-based Kothari joins the broker's insurance consulting & technology business in the first week of December.
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- November 26 2024
QBE Insurance promotes Jamie Kelly to group chief compliance officer
Sydney-based Kelly, who was previously interim executive/group head of risk culture and conduct, will lead the carrier's global compliance function, reporting to group chief risk officer Fiona Larnach.
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- November 26 2024
CoverGo takes FWD’s Louis Lee as APAC managing director
Hong Kong-based Lee was most recently group chief officer, digital commerce, for FWD Insurance based in Singapore.
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- November 26 2024
Sony Financial Group acquires Japanese digital insurer justInCase
The acquisition is aligned with the group's strategy to look at the small-amount, short-term insurance businesses as a way to expand its customer base.
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- November 26 2024
Aon to acquire Mitsubishi Chemical Group’s in-house insurance agency in Japan
The in-house team will transition to the broker's brand and operating model under the leadership of country head Tatsuya Yamamoto after the close of the transaction.
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- November 26 2024
Nexus seeks profit above volume as it eyes growth in A&H reinsurance in Asia
Underlying demand for the product remains a driving force propelling the market across the region, says managing director Peter Slot.
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- November 25 2024
Central Bank of India gets RBI nod to enter insurance business through JVs with Generali
The approval is subject to continuous compliance with conditions stipulated by the Researve Bank of India and approval of the Insurance Regulatory and Development Authority of India.
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- November 25 2024
Edme Insurance Brokers continues hiring spree with Vishwajeet Kadam appointment
Mumbai-based Kadam joins the firm from Marsh and will take the role of director-financial and credit specialty.
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- November 25 2024
Asean US$7.5bn health insurance market sees increased competition, rising claims: Malaysian Re
The model of carriers acting as intermediaries between healthcare providers and patients, focusing on cost management, is becoming increasingly difficult to sustain in the face of changing market conditions, according to this year’s Asean Insurance Pulse report.
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- November 25 2024
MS&AD reports 18% reduction in greenhouse gas emissions
The carrier's interim target is to reduce emissions by 37% by FY 2030 compared with FY 2019 levels.
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- November 25 2024
IRDAI-backed insurance e-commerce platform Bima Sugam’s capital requirement surges to US$59m: report
The capital requirement by the Insurance Regulatory and Development Authority of India will amount to US$59m over the next four-five years with US$39m to be provided immediately and the remaining US$20m to be contributed after two years.
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- November 25 2024
Allianz Trade targets to capitalise on Asia’s shifting supply chains
The carrier is eyeing South-East Asia expansion and adapting to China's evolving trade landscape amid post-pandemic challenges, says APAC head Paul Flanagan.
