Country: Asia Pacific Page 44 / 515
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- November 6 2024
Charles Taylor announces 20% increase in Malaysia workforce, additional branch network plans
The loss adjustor aims to strengthen its offering in property, liability, construction and engineering, and motor lines across the Malaysia branch network with offices in Penang, Perak, Pahang, Melaka, Johor, Sabah and Sarawak.
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- November 6 2024
Dubai emerges as a key player in the growing APAC (re)insurance market
While Singapore remains a formidable player in the global insurance market, its limited proximity to MENA markets may hinder its growth compared to the emirate.
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- November 5 2024
China Re Asia Pacific CEO Richard Lim set to retire
Singapore-based Lim has worked at the reinsurer for the past nine years. This year's Singapore International Reinsurance Conference will mark Lim's final involvement as part of the organising team.
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- November 5 2024
New Zealand central bank warns of premium hikes for high-risk properties: reports
For vulnerable properties, flood risk premiums are becoming more common as the trend towards risk-based pricing continues, RBNZ noted.
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- November 5 2024
Queensland and NSW most vulnerable going forward for natural disasters: CGU Insurance
Currently there are 1.2 million properties at risk of flooding in Australia, while 230,000 properties face a 1-in-20 risk of flooding each year, the insurer said.
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- November 5 2024
Hallmark Insurance’s parent St Andrew’s Australia Services get APRA nod as holding company
The registration allows the firm to oversee one APRA-authorised life insurer and one general insurer under the regulatory framework.
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- November 5 2024
APAC cyber uptake still low despite softer pricing, ample capacity
While carriers are developing a better understanding of cyber risk, there is a need for further education to address the protection gap, especially in emerging markets.
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- November 4 2024
Price Forbes Singapore appoints Jennifer Gray as director of professional risks and healthcare
Gray will focus on managing and expanding the broker's regional portfolio, leveraging her experience to drive growth through both domestic and international markets, and will be reporting to APAC CEO Philip Johnson.
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- November 4 2024
Liberty Mutual names APAC head of claims for international insurance business amid regional leadership reshuffle
The carrier has expanded its recently formed commercial and specialty (re)insurance team with the appointment of Robert Mercer, who is succeeding Carlos Alberto Martinez who will retire by the end of the year.
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- November 4 2024
Axa XL bolsters Asia fine art & specie team with a senior hire
Hong Kong-based Rhiannon Alban-Davies joins the specialty carrier as regional head of fine art & specie.
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- November 4 2024
Nawaz Imam joins Blackpanda as chief financial officer
Imam has over 18 years in investment banking, asset management and technology experience.
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- November 4 2024
Arch Indemnity could see underwriting results moderate as claims set to pick up: Fitch
The rating agency has assigned an 'A+' (strong) rating with a stable outlook to the carrier due to its moderate company profile, very strong capitalisation, financial performance and earnings, and support from the parent Arch Capital Group.
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- November 4 2024
Reinsurers are again looking for growth, but stability is key: Mapfre Re’s Sanchez Cea
The reinsurer expects the market to maintain discipline in underwriting and risk selection despite the increasingly competitive market.
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- November 4 2024
Rate erosion in non-property classes likely over increased competition: Markel
Pent-up interest across some new markets for access to business in Asia Pacific likely to dominate and drive longer-term growth, says Markel’s Kevin Leung.
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- November 4 2024
‘Bright future’ for structured solutions in APAC as awareness grows: Guy Carpenter
Bridging the gap between risk appetites of cedents and reinsurers is a key theme for the market, says Guy Carpenter’s Hussain Ahmad.
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- November 4 2024
Upcoming renewals should ‘maintain balance’: Munich Re
Hit by cat events, South-East Asian renewals will likely be stable to hard, says Hitesh Kotak.
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- November 4 2024
Reinsurance to support Asia’s climate, energy, digital, and demographic transition: MAS chairman
Insurance ecosystem, AI and alternative risk transfer markets will reinforce Singapore as Asia’s leading reinsurance hub, minister Gan Kim Yong said in the keynote address, opening this year’s SIRC.
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- November 4 2024
Expanding into non-ILS capital pools is a priority: MS Amlin
William Ho, MS Amlin Asia Pacific CEO, discusses the evolving regional reinsurance landscape, the impact of recent cat losses, and the reinsurer’s strategic growth plans in APAC.
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- November 4 2024
SIRC diary: Think Small
Given Asia's huge population and prospects for continued economic growth, it remains the case that insurance penetration rates across a swathe of product lines remain too low.do it
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- November 4 2024
Singapore will benefit hugely from delivery of Blueprint II: IUA’S CEO Matcham
The delivery of the London Market’s ambitious digital overhaul strategy, Blueprint, will also serve as a catalyst for change and improvement in the Singapore market, according to Dave Matcham, CEO of the International Underwriting Association (IUA).
