Country: Asia Page 107 / 409
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- June 26 2023
Asta sounds out syndicates to join Lloyd’s Asia
With Mosaic and Volante launching on the platform in Singapore, international and regional players may follow the lead.
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- June 23 2023
RiskPoint bolsters APAC M&A team with ex-AIG hire
Sydney-based Diana Hu joins as underwriting director and will work with Maria Steeples, the MGA’s regional managing director and head of M&A.
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- June 23 2023
UOI’s rating affirmed on strong underwriting results and investment portfolio restructure: AM Best
The rating agency has affirmed an insurer rating of A+ (superior) with a stable outlook.
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- June 23 2023
WTW India appoints Anand Kolhe as exec vice-president, facultative reinsurance
Prior to this move, he was associate director with Gallagher’s Indian insurance brokerage arm Edelweiss Gallagher Insurance Brokers.
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- June 23 2023
PICC Hong Kong expanding reinsurance portfolio, mainland sales: AM Best
The rating agency has affirmed A- (excellent) rating for the Hong Kong carrier with a stable outlook.
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- June 22 2023
Tokio Marine Newa Insurance raises fresh capital after FSC warning
Taiwan's regulator had ordered the insurer to bring in more capital by the end of June or it would be taken over.
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- June 22 2023
Analytics: Hong Kong and China P&C players’ underwriting margins squeezed
Carriers are under pressure as reinsurance costs rise, however, at 10% coverage for the top 15 Chinese insurers, there is plenty of room to grow.
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- June 22 2023
60% of crop exposure uninsured against nat cats: Swiss Re
The reinsurer estimates the global agri protection gap at US$113bn in 2022, up by 28% in nominal terms from 2016.
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- June 21 2023
Korea’s Nonghyup Property and Casualty inks strategic parternship with Vietnam’s PVI Insurance
The two carriers plan to extend reinsurance capabilities and share customer networks and services in South-East Asia.
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- June 21 2023
Fusion Specialty promotes Katherine Simmonds to CEO for international markets
In her new role, Simmonds will be responsible for further developing Fusion’s presence in the UK, APAC and EMEA regions, including M&A, financial lines and other specialist insurance products.
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- June 21 2023
Japan’s FSA orders non-life insurers to explain allegations of cartelisation
Tokio Marine & Nichido, Sompo Japan, Mitsui Sumitomo and Aioi Nissay Dowa are alleged to have 'pre-adjusted' fire insurance premiums.
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- June 20 2023
Seoul Guarantee Insurance files for Korea Exchange listing: report
Samsung Securities and Mirae Asset Securities have been appointed as the lead underwriters for the proposed IPO.
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- June 20 2023
Indian government tells carriers to hold third-party motor rates: report
New premium rates for compulsory motor covers will take effect from August, with reductions in certain categories.
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- June 20 2023
Hong Kong’s export credit insurer launches mainland pilot with five banks
HKECIC has teamed up with Bank of China, BEA, HSBC, Hang Seng and DBS, and the credit limit for each buyer's non-payment risks is capped at US$12.8m.
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- June 20 2023
Indian insurers count cost of ‘widespread’ Cyclone Biparjoy damage
IAN understands there is damage to property and goods at industrial zones, processing plants and ports, as IRDAI urges carriers to 'fast-track' smaller claims.
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- June 20 2023
MSIG’s Laos arm to merge with local carrier Sokxay Insurance
The Japanese insurance group will own a 35% stake in the business, with the domestic insurer owning the remainder.
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- June 19 2023
DB Insurance acquires Vietnamese carrier Saigon-Hanoi
The acquisition is the Korean insurer's second deal in Vietnam in 2023, following the Vietnam National Aviation Insurance buy in February.
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- June 19 2023
Asian Re rating outlook positive as it lays out plan to improve underwriting results: AM Best
The rating agency affirmed B+ (good) rating and noted that the reinsurer's COR has improved to 103.3%.
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- June 19 2023
Opinion: AI – threat or opportunity for Asia’s (re)insurance market?
Insurers are at an early stage of AI adoption, and with the risks comes reward, so carriers should embrace the revolution without overlooking the perils.
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- June 19 2023
FWD General Insurance to exit group medical in 2024, tail off employee compensation: Fitch
The rating agency has affirmed the Hong Kong carrier's rating at 'BBB+' (good) while its outlook has been revised to stable from positive.
