Country: Asia Page 133 / 395
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- August 31 2022
Everest Re recruits Chubb veteran to boost ‘critical’ APAC region
Kevin Bogardus, former president of Chubb Singapore, tasked with building client and broker relationships.
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- August 31 2022
Sompo International sells Endurance at Lloyd’s to RiverStone
The deal marks Sompo International's withdrawal from Lloyd's and consolidates its UK presence into a single platform.
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- August 31 2022
Insurers still see Hong Kong as China gateway
The city remains an attractive base for insurers from the mainland and those looking to access it.
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- August 31 2022
Beazley rolls out product recall offering in Asia
The business line will be led by Jae Pak, who has relocated to Singapore from the carrier's US office.
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- August 30 2022
Moody’s downgrades Peak Re; changes outlook to negative
The rating action is a result of contagion risks to the carrier from parent Fosun's weakened credit profile.
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- August 30 2022
Generali consolidates Malaysian presence after Axa JV buyout
The group now owns 53% of Axa Affin GI and 100% of MPI Generali Insurans and plans to merge them.
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- August 30 2022
AIA’s Bonnie Tse takes charge as Blue Cross CEO
The appointment follows the completion of the carrier's acquisition of Blue Cross and Blue Care.
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- August 30 2022
China Taiping’s domestic P&C arm sees H1 COR improve to 98.8%
Taiping Re's P&C division fell to an underwriting loss of US$21m.
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- August 30 2022
Market face-off over risk pricing in Asia
Reinsurers blame ambitious broker expansion for driving down prices.
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- August 29 2022
‘Unprecedented’ Pakistan flooding triggers US$10bn damage
Large P&C carriers such as Adamjee Insurance and United Insurance could see significant claims.
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- August 29 2022
CPIC P&C combined ratio improves to 97.2% in H1 2022
P&C GWP saw a 12.3% increase driven by agriculture and health businesses.
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- August 29 2022
APAC reinsurers may see rate hikes for 2023 renewals: AM Best
Regional carriers posted annual average net premium growth of 8.7% between 2017 and 2021.
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- August 29 2022
Asian fine art insurance market shakes off pandemic blues
As insurers grow their teams in the region, the shift to online auctions has created new kinds of risks.
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- August 29 2022
Insurtech Igloo launches Indonesian platform
It will offer motor and accident insurance and allow intermediaries to provide products.
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- August 27 2022
Five major Chinese (re)insurers likely to be hit by drought: source
IAN understands that PICC, China Insurance (CIC), China Life P&C, CPIC and China Agricultural Re all face claims.
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- August 26 2022
Tune Protect sees strong H1 premium growth but losses widen
Covid claims at its Thai subsidiary drove up total claims to US$10.7m.
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- August 25 2022
Former regulator to lead Crawford’s Japan cyber team
Norikatsu Suzuki, who was a deputy director at Financial Services Agency, will help expand services in Asia.
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- August 25 2022
AM Best revises Covid-hit Taiwan non-life sector outlook to negative
Gross pandemic policy claims of US$2bn over the last six months have left carriers struggling to pay out.
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- August 25 2022
Tencent takes 32% stake in Samsung P&C China
The tech company becomes the second largest shareholder after CBIRC approved the insurer's plan to more than double its registered capital.
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- August 24 2022
PSC agrees US$5.4m Hong Kong broker deal; posts 30% EBITDA growth
Underlying revenue in FY 2022 grew 22.8% to US$175.4m including 13% of organic growth.
