Country: Asia Page 116 / 394
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- January 3 2023
MSIG hires AGCS veteran Victorio Villar as head of technical services
Singapore-based Villar's responsibilities cover the carrier's 15 business units across Asean, Hong Kong and Oceania.
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- January 3 2023
Composite licenses regime could drive insurance M&A in India
The new rule will encourage more tie-ups in the industry, allow standardisation of policies and introduction of customer-centric strategies.
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- January 3 2023
2023 offers (re)insurers a slow path to recovery
Despite the challenges, carriers will find a way out of the woods as rates stabilise and more capital is made available.
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- December 30 2022
PICC P&C issues US$32.5m Hong Kong-domiciled cat bond
The third ILS to be issued in the city offers coverage for China earthquake risks.
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- December 30 2022
Japan’s big three to offer US$60m in Russia-Ukraine marine war cover: report
Total underwriting capacity halved to US$226m despite an additional US$165.8m cover from overseas reinsurers.
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- December 30 2022
‘Uninsurable’ cyber casts a long shadow
Spiralling losses, evolving and unquantifiable risks and shrinking capacity in the region constrain (re)insurers.
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- December 30 2022
MS&AD investment arm adds US$100m dry powder
The venture capital fund will invest in overseas insurtechs and digital startups related to risk and insurance, which are strategically relevant the Japanese carrier.
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- December 29 2022
Third Hong Kong ILS offering “in the pipeline”, says HKIA chairman
A new mainland reinsurer is in talks to sponsor a city-domiciled cat bond early next year, IAN can reveal.
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- December 29 2022
Philippines regulator sets aside cat premium hikes
The Insurance Commission has suspended the revised schedule of minimum catastrophe rates that took effect from November 1.
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- December 29 2022
Asia Pacific nat cats: the year in review
Majority of the loss events in the region were secondary perils, mostly floods.
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- December 29 2022
Pakistan floods cost US$5.3bn in losses to SME businesses: report
The August floods, which affected 33m people, destroyed 25% of the country's small and medium businesses.
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- December 28 2022
Chinese broker Fanhua withdraws going-private proposal
The company's broker's founder Yinan Hu had offered to privatise the company in 2021 for US$9.8 per American depository share.
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- December 28 2022
Asian M&A: deals that shaped the market in 2022
The region saw global insurers expanding their grip on South-East Asia, broker consolidation and a PE-backed digital push.
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- December 28 2022
Japan’s big three told to continue marine cover in Russia: report
Insurers' plans to exit the business announced last week could affect the country's energy imports of Sakhalin-2 liquefied natural gas, which accounts for 9% of its imports.
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- December 28 2022
Korea’s DB Group reshuffles insurance leadership
The chaebol names Kim Jeong-nam as vice chairman and Jeong Jong-pyo as the chief executive of the insurance arm following a group restructuring.
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- December 26 2022
Updated: Asian 1.1 renewals ‘toughest in living memory’
Retro constraint and nat cat losses leading to backlogs in a renewals season said to be 'challenging on all fronts'.
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- December 24 2022
QBE Asia P&I rebrands to British Marine
The P&I office in Singapore will be rebranded from January 1, 2023.
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- December 23 2022
Tugu outlook revised to negative over poor underwriting performance: AM Best
The rating action is despite the Indonesian carrier posting a 15% jump in pre-tax profits for the first nine months of 2022.
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- December 23 2022
Retro exits deal another blow to fraught Asian renewals
Cutbacks are causing delays further down the line and retro-dependent carriers are no longer confident of obtaining adequate capacity.
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- December 23 2022
Vietnam Bao Minh Insurance combined ratio at 97.8%: AM Best
The firm’s claims have been supported by a lower loss ratio in motor, personal accident and health.
