Country: Asia Pacific Page 5 / 500
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- February 21 2025
QBE FY24 GWP up only 3% to US$22.4bn on portfolio exits, lower crop premium
Insurer reports an improved COR of 93.1%, supported by a favourable catastrophe experience, alongside a more stable central estimate reserve development.
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- February 21 2025
Australia’s US$8.9bn terrorism reinsurance pool finalises 2025 retrocession program
Australian Reinsurance Pool Corporation (ARPC) chief executive Christopher Wallace says it was important to maintain the pool's strong position in the global terrorism reinsurance market.
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- February 21 2025
Samsung Fire & Marine’s expects ‘no impact’ on profits, capital after rejig: report
Samsung Life is seeking to make the South Korean non-life insurer its subsidiary and clarified that it has no plans to expand its holdings.
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- February 21 2025
Market gains by large reinsurers drive consolidation in APAC: Guy Carpenter’s Tony Gallagher
Asia Pacific CEO anticipates more legacy deals aimed at eliminating underperforming blocks of business and facilitating strategic growth in the coming years.
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- February 21 2025
New Zealand’s Otago flood insured losses hit US$19.4m, top 2015 floods
Insurance Council of New Zealand data shows 1,920 private insurance claims were made following the deluge which hit at the start of October.
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- February 20 2025
Exclusive: Aon Re loses Asia CEO as trio departs for Gallagher Re
Richard Jones, Kyung Won, and Vinay Ananthanarayanan are set to join Gallagher Re's APAC team in Singapore, IAN can reveal.
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- February 20 2025
Opinion: Peter Dutton’s poorly thought-through proposals for Australian insurers are a shambles
Australia’s opposition leader suggested that his party would extend their policy of forcing supermarket chains to divest some of their assets into the insurance sector.
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- February 20 2025
Advocacy group labels ICA’s response to general insurance code review as ‘superficial’
Analysis from the Australian Consumers Insurance Lobby critiques the Insurance Council of Australia's initial response review.
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- February 20 2025
Zurich’s APAC P&C business grows, GWP up amid ‘stellar performance’ in FY24
Non-life business' COR also improved, driven by rate and claims management in the motor and health portfolios.
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- February 20 2025
Australia set for increased summer rainfall, bushfire risks: Gallagher Re
Likelihood of above-average cloudiness and high ocean temperatures means Australia is expected to have notably above-average minimum temperatures through Q1 2025.
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- February 20 2025
India’s insurance regulator forms committee to review proposed reforms: reports
Committee, which has already held its first meeting, is being led by former State Bank of India chairman Dinesh Khara.
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- February 20 2025
Fusion Specialty’s APAC GWP up 78% in FY24
Lloyd's coverholder premium growth in other markets exceeded expectations, while globally, premiums were up by 49%.
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- February 20 2025
Chubb Malaysia appoints ex-Olympian Danil Bugakov as P&C head
Bugakov, who represented Uzbekistan at the Athens and Beijing Olympic Games, joins having spent over 11 and a half years with Hannover Re.
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- February 20 2025
Austbrokers Corporate promotes Phillip Agah to head of broking
Agah had joined the AUB Group subsidiary in 2023 as national practice group manager for financial lines.
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- February 20 2025
Markel names Alicia Leong head of marine liabilities in Singapore
She joins from Munich Re Specialty – Global Markets, Syndicate, where she spent close to 10 years as a marine liability underwriter.
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- February 19 2025
Howden Re taps Axa’s Emily Lo for Asia head of analytics role
Lo was general insurance pricing and product development director at Axa Hong Kong and Macau, having joined the company over eight and a half years ago from Swiss Re.
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- February 19 2025
Tokio Marine Holdings promotes 2 vice president directors amid vast reshuffle
Senior managing directors Kenji Okada and Kichiichiro Yamamoto will take up their new roles as of April 1.
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- February 19 2025
Austbrokers Corporate promotes John Kay to CEO
Kay joined the AUB Group-owned corporate broking specialist in March 2024 as head of general broking and has been serving as acting CEO since October.
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- February 19 2025
Cyclone Zelia losses to be minimal for Australia’s self-insured iron ore miners as key port spared
Mining companies have protective measures, including co-insurance or high deductibles, Crawford's Jonathan Hubbard tells IAN.
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- February 18 2025
Labuan Re names Zaid Aziz Ibrahim new CEO
Malaysian reinsurer also appoints Melissa Karim as acting head of underwriting.
