Country: Asia Page 134 / 416
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- February 1 2023
Indonesia’s general takaful sector grows 57%: Fitch
Despite the spurt in sales, general sharia booked a US$2.5m loss from increased claims.
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- February 1 2023
India’s Union Budget to infuse US$490m into three state general insurers: report
It is the third consecutive injection since 2020 but the companies are still facing a shortfall in capital.
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- January 31 2023
Asia trade credit market hardens, prepares for insolvencies
Higher demand and prices are helping insurers buffeted by supply chain disruptions, economic headwinds and less government support.
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- January 31 2023
AIG hires from Berkley Insurance Asia for Hong Kong casualty role: sources
IAN understands that AIG has found a new head of casualty for Hong Kong and Macau.
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- January 31 2023
Integra forms alliance with Indonesia’s Axis International
The partnership between the two loss adjusters adds to others for Integra in Thailand, Malaysia, Japan, the Philippines, Korea, India and Pakistan.
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- January 30 2023
Asia 1.4 renewals to bring more rate hikes and tough negotiations
Nat cats are set to impact the Philippines, while global trends will push up pricing in India and Japan.
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- January 30 2023
India government likely to put on hold insurance law amendments: report
The bill looks unlikely to be presented at the upcoming budget session after demands from insurers for changes.
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- January 27 2023
Axa XL appoints APAC & Europe head of captives and facultative underwriting
Marine Charbonnier was most recently the (re)insurer's global programmes & captives regional director for Europe.
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- January 27 2023
S&P lowers Toa Re’s rating to A after large Covid and cat claims
The Japanese reinsurer made a loss in the first half of the current fiscal year and its combined ratio has exceeded 100% for four consecutive years.
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- January 27 2023
Japan’s carriers support marine war market as deadline looms
(Re)insurers could see a potential US$1bn loss in February for policies connected to stranded ships.
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- January 26 2023
Miller’s Ron Whyte to head Asia as broker targets growth with restructure
Mike Papworth, the broker's former head of Asia and P&C, has become managing director of new division Miller International.
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- January 26 2023
Malaysia’s market braces for claims amid severe floods
Over 12,000 people have been displaced by significant flooding in Johor, Sabah and Pahong.
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- January 26 2023
APAC insured nat cat losses hit US$11bn in 2022: Aon
Australia made up a third of the losses which were below the US$15bn annual average in the 21st century as regional tropical cyclone activity reduced.
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- January 26 2023
Berkley Re Asia appoints senior China casualty underwriter
Ling Li has most recently been a liability senior underwriter at PICC P&C.
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- January 26 2023
Oneglobal hires Hong Kong account manager
Sue Tan is relocating from Taiwan where she worked as an assistant manager at TW Insurance Brokers.
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- January 25 2023
Analytics: Asian economic, BI and cyber worries on the rise in 2023
Higher-than-expected inflation and financial market volatility are among the biggest concerns for insureds in the region.
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- January 25 2023
US$10.5m estimated air crash loss raises concerns over Nepal’s aviation sector
IAN understands that Nepali insurers usually only take up 3% of the ratio of the loss payout.
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- January 25 2023
Micia Yong handed executive role at Gallagher Re
In her new role, Yong will be responsible for retrocession and client work in Asia Pacific.
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- January 25 2023
Fitch downgrades Sri Lankan Co-operative Insurance
CICPL's investment and liquidity risks have increased.
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- January 20 2023
Vietnam’s PTI capital adequacy weak: AM Best
The firm suffered from underwriting losses associated with Covid-19 insurance policies.
