Country: Asia Pacific Page 48 / 522
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- November 15 2024
South Korea’s non-life insurance outlook stable on new regulations, strong P&C, motor results: AM Best
In terms of challenges faced by the segment, AM Best highlighted slower expansion of auto insurance owing to recent rate cuts and sluggish growth in motor vehicle registrations as a key factor.
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- November 14 2024
Envest acquires majority stake in Bendigo Insurance Brokers
The merger will add the broker to the network of Aviso Group and will bring the combined GWP up to US$616.4bn with the addition of the broker's US$13.3mn of gross written premium.
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- November 14 2024
New Zealand set to adopt modernised insurance law as bill passes third parliamentary reading
The legislation will help protect consumers and provide certainty for insurers, ICNZ said welcoming the legislation.
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- November 14 2024
Edme Insurance Brokers brings on board Nochiketa Dixit as managing director
Mumbai-based Dixit will manage retail, BFSI, IT/ITES, structured credit and affinity for the broker.
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- November 14 2024
PARIMA Taipei gathering to explore Asian response to global risks
The conference, which will draw risk managers from around the region, will tackle contemporary challenges faced by businesses, societies, and governments emphasising the need for collaboration and preparedness.
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- November 14 2024
Market consolidation crucial for APAC’s maturing economies: AM Best’s Carter
Regulators are looking at capital reforms to drive consolidation, but the markets have yet to see the impact, says the rating agency’s APAC managing director.
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- November 14 2024
Singapore blocked Income-Allianz deal over US$1.4bn ‘capital extraction’ plan
The proposed plan is “very different in both its nature and quantum” and “does not align with the representations NTUC Income made” to the government, MAS chairman said.
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- November 13 2024
Edme Insurance Brokers names Sanjay Radhakrishnan as CEO
Mumbai-based Radhakrishnan has been a founding member of Edme since its establishment following the sale of Aditya Birla Insurance Brokers to private equity firm Samara Capital Group.
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- November 13 2024
Maybank considering options for Ageas’ minority stake in Etiqa: report
The Malaysian bank may look to replace the Belgian insurer with another minority investor or buy out its minority stake.
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- November 13 2024
Specialty carriers swoop for APAC’s emerging A&H opportunity
The market is seeing an uptick in demand and rate correction in the region due to economic growth, demographic trends and inadequate public healthcare.
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- November 12 2024
New Zealand central bank warns Quest Insurance over non-compliance
Quest has acknowledged and remedied the breaches of its obligations and is in the process of implementing further risk management measure, RBNZ said.
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- November 12 2024
Tokio Marine Asia appoints Marsh’s Riky Parulian Silaen as marine cargo underwriting head
Jakarta-based Silaen was most recently manager for marine, cargo and logistics for the broker.
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- November 12 2024
Australian MGA Criterion expands into environmental impairment liability, D&O, casualty
The waste and recycling specialist is also planning to launch professional indemnity coverage, says underwriting director Stuart Kinsella.
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- November 12 2024
Howden expands in Hong Kong with Storfield acquisition
The SAR-based broker has a specialist focus on bloodstock, fine art, luxury vehicle and yacht insurance.
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- November 12 2024
McLarens eyes acquisitions in non-claims technical advisory services
The global adjuster identifies forensic engineering, quantity surviving and forensic accounting as potential areas interest for deals.
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- November 12 2024
Amit Ganorkar returns to Tata AIG as managing director and CEO
Ganorkar, who was previously the chief operating officer of the Indian insurer, takes over from Neelesh Garg, who resigned last month.
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- November 12 2024
AIG Korea takes Aon’s Han Bit Kim as financial lines underwriter
Seoul-based Kim was most recently manager for the broker focused on the dynamics of large complex insurance policies.
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- November 11 2024
London Australia Underwriting appoints head of new wholesale division
Sydney-based Holly Blower will head the new division, which will complement the MGA's extensive binder business to assist with hard to place opportunities.
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- November 11 2024
China’s ZhongAn’s operating performance is subject to investment volatility, business risk: AM Best
The rating agency affirms financial strength rating of A- (excellent) and long-term issuer credit rating of “a-” (excellent) to the carrier with a stable outlook.
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- November 11 2024
NZ non-life segment growth to remain robust even as carriers adjust rates: AM Best
In its latest report on the segment, the rating agency has maintained a stable outlook citing solid premium growth supported by rate adjustments.
