Country: Asia Page 117 / 394
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- December 22 2022
Easing of crop cover solvency norms, lower Covid payouts to drive Indian P&C growth
Indian general insurers are likely to see a premium growth of up to 15% in the medium term, said Care Ratings.
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- December 22 2022
Korean P&C carriers to improve profitability: S&P Global
Insurers have limited catastrophe exposure, and this comes with effective reinsurance protection.
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- December 21 2022
Bernardo López named CEO of Axa Philippines
He was most recently heading Axa Colpatria, the French giant’s Colombia operations.
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- December 21 2022
Burning costs are not mandated risk rates, clarifies IRDAI
Industry breakeven cost is only a reference point to understand claims experience in fire perils across the industry, the regulator said.
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- December 21 2022
Marsh names Nisala Weerasooriya head of APAC captive solutions
He replaces Stuart Hebert, who assumes a new role as international captive consulting practice leader.
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- December 21 2022
Electric carmaker Nio ramps up brokerage arm with Huiding acquisition
The firm joins peers Byd and Li Auto in expanding their broking arms with China's EV premiums expected to double to US$10bn in 2022.
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- December 20 2022
Typhoon Nanmadol losses up at US$906m: Perils
The estimates, which cover property losses excluding motor and transport-related damages, are much lower than first expected.
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- December 20 2022
Claire Wong returns to Zurich Singapore as senior casualty underwriter
Wong was most recently a liability underwriter at Allianz Global Corporate & Specialty.
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- December 20 2022
M&A cover: 2023 to be ‘a year of two halves’
A gloomy outlook may suppress H1 activity but growing awareness in Asia will help drive demand.
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- December 19 2022
PE firm leading the race for Aditya Birla Insurance Brokers: report
Samara Capital is reportedly in advanced talks to buy the Indian conglomerate's broking arm for about US$123m.
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- December 19 2022
Qianhai Re on track to sustained profitability, capital efficiency: AM Best
The rating agency affirmed the reinsurer’s financial strength rating of A- (excellent) with a stable outlook.
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- December 19 2022
Regional P&C players bet on Indonesia despite headwinds
The country is seeing a flurry of deals and is expected to overtake Thailand as the largest Asean P&C market.
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- December 19 2022
Fubon Vietnam underwriting performance improved despite cat losses from foreign inward business
AM Best has affirmed the B++ rating for the general insurance arm of the Taiwanese financial services group.
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- December 16 2022
Fidelidade Macau’s COR below 80% as of September 2022
Fitch assigned A- rating with a stable outlook to the Fosun owned carrier.
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- December 16 2022
Santam retains India, Malaysia operations following Sanlam-Allianz deal
The African financial services group holds a 23% stake in India's Shriram General Insurance and 49% of Malaysia's Pacific & Orient Insurance.
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- December 15 2022
China’s Dinghe Insurance to maintain strong capital and underwriting performance: Moody’s
Despite CSG's stake in Dinghe Insurance reducing to 65%, the agency expects the shareholder to continue supporting Shenzhen-based property insurer.
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- December 15 2022
Malaysian Re’s strong capital buffer offsets underwriting losses
Fitch affirmed the Asean reinsurer's A (strong) rating in terms of its financial strength with a stable outlook.
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- December 15 2022
Allianz Trade’s Maxim Ryzhkov handed China CEO role
The trade insurance specialist's former Nordic commercial director will relocate to Shanghai and start in the new role in January.
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- December 15 2022
Asia’s digital path needs hybrid approach
As insurers step up investment and regulators develop initiatives, the digital-only model has yet to lead to better margins.
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- December 15 2022
Indonesia wants nat cat cover for certified buildings after West Java earthquake
In November a 5.6-magnitude earthquake rattled the city of Cianjur killing more than 330 people and damaged thousands of homes.
