Country: Asia Pacific Page 72 / 522
-
- August 22 2024
Central Bank of India wins bid for minority stake in Generali’s Indian JVs
The state-owned lender will acquire the stakes held by the insolvent Future Enterprises in the life and P&C businesses majority owned by the Italian insurance giant for a reported US$60.5m.
-
- August 22 2024
In-depth: Can insurers’ risk appetite keep pace with APAC’s ambitious energy transition?
With uncertainties around new technology, an underwriting base prone to knee-jerk reactions and an eye still on conventional energy, insurance has a long way to go before it fulfils its responsibilities.
-
- August 22 2024
Mega Insurance COR up 10 points to 97% as credit, motor claims climb
Fitch Ratings has affirmed an insurer rating of 'A+ for the company with a stable outlook as its GWP rose 75% in 2023.
-
- August 21 2024
NFRA seeks to improve nat cat response through new insurance assessment system
The assessment system is intended to improve the country’s response mechanism based on different grading of natural catastrophes, according to the P&C insurance supervision chief.
-
- August 21 2024
Leadenhall and Bennelong launch cat bond fund for Australia and New Zealand
The two firms had in October last year joined hands to distribute ILS strategies to institutional investors in the region.
-
- August 21 2024
Texel names Coface’s Hélène Heas as broker for Asia operations
Singapore-based Heas will be supporting the broker's business growth across the Asia Pacific region and further enhance its client solutions and market reach.
-
- August 21 2024
Philippines non-life GWP for H1 2024 tops US$1bn
Casualty net premiums saw the strongest growth, up 35% year-on-year, while fire premiums were down 0.11% over the same period.
-
- August 21 2024
AUB logs 32.5% growth in FY 2024 after-tax profit on margin expansion, acquisitions
The Sydney-based broker's chair David Clarke will retire in October with current director Peter Harmer set to assume the role.
-
- August 21 2024
Lockton taps Howden’s Richard Turner as Asia head for market management group
In his new role, Singapore-based Turner will establish Lockton Asia's carrier management function by building and launching the market management group for the region.
-
- August 21 2024
IAG grows FY 2024 insurance profit 79% to near US$1bn
The Australian insurer's COR improved 4.3 percentage points to 89.3% and its GWP grew 11.3% to US$11bn for the financial year ended June 30.
-
- August 21 2024
HDI Global targets bigger market share in Asia, further regional ANZ expansion in H2 2024
The industrial lines specialist reported strong growth across its Australia and Singapore branches driven by a growth in new business and inflation-related price adjustments in the first half of the year.
-
- August 20 2024
La Niña arrival likely delayed till October, say climate agencies
The Australian weather bureau noted that conditions continue to be ENSO-neutral and the extent and magnitude of cool water have decreased since last fortnight.
-
- August 20 2024
WTW brings on board Alanna Lowe as New Zealand head of broking
Canterbury-based Lowe joins from AUB Group-owned ICIB Brokerweb Insurance.
-
- August 20 2024
Australia’s FTA Insurance expands public and products liability team with two hires
Both Melbourne-based, Daniel Malic joins the financial lines-focused Lloyd's coverholder as national general liability manager, as Janelle Ferraro joins as general liability underwriter.
-
- August 20 2024
GIC Re mulling exiting its non-core housing financing arm: report
The reinsurer, which holds a 15.26% stake in GIC Housing Finance, plans to bring in an investor to divest its stake.
-
- August 20 2024
Sedgwick names Jennifer Blackwell as senior liability adjuster
Sydney-based Blackwell brings over 30 years of experience to the firm after having worked for leading insurers such as Suncorp Group, and Allianz in Australia.
-
- August 20 2024
BHSI ropes in AIG’s Tim Air as executive underwriter for marine, Australasia
Melbourne-based Air has 25 years of experience in leadership and distribution roles across both Australia and New Zealand.
-
- August 20 2024
Renewables fuel Munich Re Specialty Asia syndicate’s regional diversification strategy
Following the rebranding of all primary specialty insurance entities under one brand, Munich Re's APAC underwriting hub in Singapore is diversifying away from its traditional focus on marine and energy and also expanding into cyber, political risks, financial lines.
-
- August 20 2024
Exclusive: ARB Indonesia elevates Wayan Sumendra to president director
In his new role, Jakarta-based Sumendra will be responsible for developing Indonesia reinsurance broking strategy and managing all business operations for ARB Indonesia.
-
- August 19 2024
AUB doubles down on UK retail expansion with Movo acquisition
The London-based broker is the second acquisition by the company in the UK after it picked up a 40% stake in AR network Momentum in June this year.
