Country: Asia Page 11 / 409
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- March 25 2025
FSA issues business improvement orders to Japanese non-life insurers over information leaks
Regulator says 2.7m sets of information on rivals' clients were leaked by employees on loan to multi-client insurance agencies.
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- March 25 2025
Everest hands Henry Ang dual PVT, property role
Singapore-based Ang assumes role of head of political violence and terrorism for Asia, as well as property underwriting.
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- March 25 2025
Howden names Rajesh Singh as head of property in India
He has been with Howden since October 2023, having previously worked for the likes of Hero Insurance Broking, Alliance Insurance Brokers and Marsh.
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- March 25 2025
Wongi Kim to succeed Andy Ryoo as Allianz Trade’s South Korea country manager
Ryoo, who has worked at the trade insurer for 22 years, is retiring.
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- March 25 2025
Ready for kick off: insurers eye their time in the spotlight as Hong Kong’s Kai Tak opens its doors
As city gears up for rugby Sevens and Coldplay at its new venue, event insurance in Asia Pacific could finally be on the cusp of reaching pre-Covid levels.
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- March 25 2025
Chinese insurers could benefit from DeepSeek, albeit with risks: AM Best
Several smaller insurers might be able to bring down their operating costs due to DeepSeek’s lower cost and operational features.
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- March 24 2025
GIC Re’s terrorism risk rate cut could slash premiums by up to 15%: report
India has not faced a major terrorism loss since the Mumbai terrorist attacks in 2008.
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- March 24 2025
Korean insurers chalk out overseas expansion plans as domestic growth stalls: report
Samsung Fire & Marine and Hyundai Marine & Fire are eyeing acquisitions and investements to grow their international footprint.
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- March 24 2025
WTW taps Ryan Transactional Risk’s Reuben Lee as associate director for broking, regional M&A
Lee had joined as senior underwriter in October following Ryan's acquisition of Transact Risk Partners.
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- March 24 2025
Singapore’s general insurance GWP rises 6.3% to US$8bn in 2024
Underwriting profit, across the domestic and offshore segments, grew 5.6% to US$480m, the General Insurance Association of Singapore said.
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- March 24 2025
Hong Kong’s FuSure secures long-term insurance authorisation, upgrades to composite licence
Tencent-owned insurer plans to expand into diversified product lines and explore other international markets.
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- March 24 2025
Marein sees cat impact on capital as non-life premiums surpass life: Fitch
The rating agency has affirmed the Indonesian reinsurer's rating of AA-(idn) with a stable outlook.
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- March 24 2025
China’s Allianz Jingdong earnings to improve gradually over the next two years: Fitch
The rating agency has affirmed the carrier’s insurer financial strength rating of 'A-' (Strong) with a stable outlook on better financial performance, low risky-assets ratio and “moderate” company profile.
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- March 24 2025
Taiyo Life seals US$4bn annuity reinsurance deal with Fortitude Re
Japanese life insurer will continue to service and administer the reinsured whole life annuity policies.
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- March 21 2025
Aon appoints Esther Kim as treaty director
Based in Singapore, she will report to Katy Fairweather, head of global reinsurance clients for Asia, having joined the Korea and regional team.
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- March 21 2025
Indonesia’s non-life GWP up 13.8% to US$46.7bn in 2024
Underwriting result for P&C insurance segment decreased more than tenfold to US$666m, while reinsurance saw a US$66.6m loss.
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- March 21 2025
Despite Typhoon Yagi losses, Hanoi Re to maintain strong capital buffers: AM Best
Global rating agency affirms insurer rating of B++ (good) for the reinsurer, with a stable outlook.
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- March 21 2025
Vietnam’s PVI Insurance to benefit from profitable commercial, retail lines: AM Best
Global rating agency affirms insurer rating of A- (excellent) with a stable outlook for Vietnam's largest non-life insurer.
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- March 20 2025
Steamship Mutual elevates Jamie Taylor as APAC managing director
Singapore-based Taylor, who was CEO of the Singapore branch prior to the move, spent over 17 years with the P&I Club.
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- March 20 2025
ZhongAn P&C’s underwriting profit drops 24.4% to US$137m in FY24, COR deteriorates to 96.9%
Chinese online insurer’s total GWP for FY24 was US$4.6bn, a 13.3% year-on-year increase.
