Country: Asia Page 119 / 403
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- February 22 2023
CoverGo appoints Adrit Raha as APAC managing director
Singapore-based Raha joins from another insurtech and will help the company with its regional expansion plans.
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- February 21 2023
Samsung Fire & Marine P&C underwriting profits dive 95% to US$3m
The group, including motor and long-term businesses, posted a COR of 102.2% in FY 2022 at an underwriting loss of US$315m.
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- February 21 2023
KB Insurance Indonesia rides on motor line growth, parent support: Fitch
The carrier's premiums grew at 25% in 2022, 52% in motor premium line.
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- February 21 2023
Opinion: Asia’s mega rail projects to ignite premium boom
The China-backed infra projects set to generate US$14bn by 2030 come as a blessing for local and international carriers.
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- February 21 2023
Sunshine’s outlook brighter as Fitch upgrades over fresh capital, investments rejig
The Chinese carrier's P&C arm reported a better underwriting performance with a COR of 96% in H1 2022, down from 100% in H1 2021.
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- February 20 2023
General takaful outpaces conventional market in Malaysia: report
Islamic insurance grew 10.3% between 2017 and 2021 while the broader P&C market grew only 0.6% in the same period.
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- February 20 2023
Premiums for Indian fertiliser pool for Russia, Belarus imports at US$2.4m
The US$60m reinsurance pool administered by GIC Re provides has not received any claims yet.
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- February 20 2023
Swiss Re’s 1.1 Asia renewals grow 35%
The global reinsurer benefited from the expansion of property and motor lines in the region, in addition to rate increases.
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- February 20 2023
Jansen Sulaeman returns to WTW for Asia fac build out
As head of business development, Singapore-based Sulaeman will help drive facultative reinsurance growth in the region.
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- February 17 2023
Allianz’s Asia P&C net earned premium grows 30%, COR up at 98.1%
Group COR increased to 94.2% primarily due to higher attritional losses related to normalisation of claims frequency and claims inflation.
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- February 16 2023
Fubon Insurance Vietnam under review with negative implications: AM Best
The Taiwanese parent was downgraded on February 3 and put on ratings watch for negative implications
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- February 16 2023
Chubb’s Greenberg: Asia growth will outpace rest of company
The global carrier's APAC premium was up nearly 40% in 2022 with half of the growth coming from the Cigna acquisition.
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- February 16 2023
Elizabeth Gill joins Sedgwick as Malaysia marine general manager
Gill has over four decades experience including the handling of many major and complex claims in marine cargo.
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- February 15 2023
InsuranceDekho raises US$150m via equity and debt
The Indian insurtech is targeting annualised premiums of US$423m by the end of March.
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- February 15 2023
Marsh McLennan promotes Renée McGowan to India/MENA CEO
The new role for the Mercer president of Asia, Middle East and Africa is part of a series of regional appointments at the broking group.
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- February 15 2023
Ramon International elevates Lee Ellis to chief strategy officer
London-based Ellis will assume board roles across international operations of the Lloyd's broker, which entered Asia last year through the acquisition of CKI Korea.
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- February 15 2023
Covid, nat cat woes continue at Japan’s ‘big three’
Net profits at Tokio Marine fell 27.4%, with Sompo Holdings declining 79.5% and MS&AD dropping 57% for the first nine months of FY 2022.
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- February 15 2023
Ping An floats first-ever ocean carbon sink insurance
Product provides US$58,000 worth of cover against specific changes in the marine environment that damage local species.
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- February 14 2023
FM Global handed Korea licence
The commercial property specialist has appointed Yong-Ju Shim as the Seoul office manager.
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- February 14 2023
Asia flood losses to worsen amid data deficit
(Re)insurers are feeling the heat from record rainfall events and fast-evolving climate risk scenarios.
