Country: Asia Pacific Page 67 / 531
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- October 11 2024
Samsung Fire’s stable underwriting, low COR to help maintain market leadership: AM Best
The rating agency has affirmed the insurer's financial strength rating of A++ (superior).
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- October 11 2024
Strong growth in Nat Re’s non-property lines: AM Best
The rating agency has affirmed Nat Re’s rating at B++ (good) with a stable outlook, primarily driven by its strong balance sheet.
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- October 11 2024
BESS-wary markets look for leadership to bind risks
Renewables specialist GCube's CEO says the market has to facilitate insurance on a more consistent approach as more projects appear around the world.
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- October 10 2024
MSIG Asia hires senior execs for Asia expansion
Rajnish Pal has joined the firm as senior vice president and head of transformation while Christian Kolmberger has been appointed as senior vice president, underwriting, reinsurance and claims.
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- October 10 2024
Marsh Pacific promotes Johannes-Daniel Veldsman as head of corporate and commercial
Veldsman takes over the role from Andrew Fluitsma. who is understood to have left the broker earlier this year.
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- October 10 2024
Newline continues Sydney expansion with Bec Smith hire
Smith will join the Lloyd's coverholder as professional indemnity underwriter, reporting to Australia head of the line Nick Beswick.
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- October 10 2024
Berkley Re Australia hires Nick Lee as senior casualty facultative underwriter
Brisbane-based Lee returns to the reinsurer and to Australia after over 13 years in London across various specialty carriers.
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- October 10 2024
Brown & Brown completes acquisition of Singaporean broker Acorn
First announced in January, the deal by the US group's European arm Bridge Specialty is the brokerage group's second in the region after it entered Hong Kong last year through the acquisition of Capstone Brokers.
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- October 10 2024
Hurricane Milton’s strength and track makes a revision of APAC renewals a near certainty
Insured losses from the “catastrophic” storm is predicted to top US$60bn as it heads for populous Tampa, which will complicate the upcoming renewals.
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- October 10 2024
Data breach driving cyber claims upwards: Allianz Commercial
The insurer's 2024 annual cyber risk outlook evolving regulatory and legal environment has brought an uptick in so-called 'non-attack' data privacy-related class action litigation.
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- October 9 2024
Australia’s Community Broker Network takes ex-Marsh MD John Mutton
Mutton, who has been on gardening leave from Marsh since March, joins the authorised broker network as manager- strategic partners.
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- October 9 2024
Markel expands India team with three underwriters in Mumbai
Srabasti Dhali has joined from Tata AIG as senior underwriter, specie; Aniket Mehta has been named marine cargo senior underwriter, while Ankur Saxena started as casualty underwriter.
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- October 9 2024
Crawford Thailand promotes Sompong Suriwong to country manager & director
The promotion came as current country manager Patipan Soodarram steps up into his new role of chairman of the loss adjuster.
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- October 9 2024
Alternative risk solutions on the table for non-modelled perils at 1.1 renewals
The APAC reinsurance market is transitioning from a market of corrections to a market of solutions, Tony Gallagher, CEO, Asia Pacific, Guy Carpenter tells InsuranceAsia News.
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- October 8 2024
Compulsory motor third-party liability, high interest rates to benefit Indonesian P&C carriers: AM Best
The rating agency has revised its outlook for the country's non-life insurance segment from negative to stable, noting carriers' robust top-line results in Q1 2024.
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- October 8 2024
Allied World names Ahtarini as assistant vice president, APAC insurance operations
Singapore-based Edlina Ahtarini joins from health insurance group Aetna International where she spent eight years in senior roles, most recently as regional director for APAC plan sponsor services.
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- October 8 2024
Asian power insurance sector sees a return to ‘buyers’ market’: WTW
Renewal rates outside China are seeing a reduction of up to 10% for well-managed assets and rates are expected to further soften over the next 12 months.
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- October 8 2024
Australia to experience more severe cyclones this season on warmer seas
The Bureau of Meteorology also warned of severe thunderstorms, flooding and heatwaves until next April.
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- October 8 2024
Seoul Guarantee Insurance’s H1 loss ratios worsen as claims surge: report
Total claims paid out in the first six months reached nearly US$400m, an all-time high, and is expected to nearly double by the end of 2024.
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- October 8 2024
AA Insurance fined US$3.8m for overcharging & misleading customers: report
The High Court in Auckland found AA Insurance failed to apply discounts and misled customers in its marketing material, according to a local media report.
