Country: Asia Page 134 / 485
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- May 29 2024
GIC Re’s FY 2024 underwriting losses near US$500m
The India state-owned reinsurer’s COR deteriorated to 111.82% for FY 2024, while GWP for the period grew marginally to US$4.5bn.
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- May 29 2024
Geographic diversification will support Japan P&C insurers’ profitability: Moody’s
- Japan
- Aioi Nissay Dowa Insurance
- Mitsui Sumitomo Insurance
- MS&AD
- Sompo
- Tokio Marine
- Tokio Marine & Nichido Fire
While the sector's outlook is stable, the insurers' overseas premium growth would slow in the next 12-18 months, the rating agency said.
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- May 29 2024
Great Eastern’s minority shareholders demand better offer from OCBC: report
The take-private offer is priced at a 30% discount to the Singaporean insurer's embedded value, a metric often used to value insurance firms elsewhere, shareholders say.
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- May 29 2024
AM Best upgrades Philippine non-life market outlook to stable
The market experienced double-digit increases in the casualty, health and accident lines of business in 2023 with GWP growing 13% year-on-year.
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- May 28 2024
Japan hail fall insurance payout reaches US$214m: GIAJ
Insurers see 98% claims settled out of total 92,424 accepted claims as of April 26, according to GIAJ.
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- May 28 2024
Singapore Airlines turbulence puts new risks on the radar
Allianz-led liability program for the airline was placed by Gallagher and Sedgwick has been retained as the loss adjuster, IAN can reveal.
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- May 27 2024
Paytm General Insurance withdraws application for general insurance licence
The decision allows the group to focus on the insurance distribution portfolio built by its wholly-owned subsidiary Paytm Insurance Broking, it said.
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- May 27 2024
Zurich Singapore names Matthew Graves as chief claims officer
Graves will report to Singapore CEO Liam Burrell and have oversight over commercial and retail segments.
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- May 27 2024
Tropical cyclone landfalls in East Asia set to be above-normal: Guy Carpenter
The western North Pacific region will likely see 19 to 21 tropical cyclone formations this year, which is near-normal activity, according to the reinsurance broker.
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- May 27 2024
Kay International AMEA appoints Grace Yeo as senior reinsurance broking manager for South-East Asia
Singapore-based Yeo was previously a reinsurance senior broker with UIB Asia Reinsurance Brokers from May 2023.
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- May 27 2024
WTW strengthens regional cyber team with Marsh hire
Singapore-based Conor Keating, who joins as the regional cyber growth leader, will report to the Asia cyber practice head Jennifer Tiang,
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- May 27 2024
Gallagher Re beefs up India agriculture team with two new hires
New Delhi-based Naveen Sharma and Mumbai-based Cherukumalli Kiroj Kumar have joined the global broker's agriculture specialty team in India.
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- May 27 2024
Asta looks to regional underwriters as it seeks new Lloyd’s Asia syndicates
The third-party managing agent is keen to develop a local syndicate directly onto the Lloyd’s Asia platform, says group director Simon Norton.
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- May 27 2024
Fairfax Asia chair Ramaswamy Athappan passes away, aged 78
The MS First Capital Insurance chief executive and insurance industry doyen died in Singapore on May 22.
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- May 27 2024
Insured losses from Noto earthquake at US$540m: GIAJ
The non-life insurers have settled 67% of the 140,539 accepted claims from across the prefectures hit by the January 1 tremors.
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- May 24 2024
Allianz is lead insurer for Singapore Airlines turbulence-hit flight: report
The extreme turbulence led to the death of a 73-year-old man, with 20 remaining in intensive care.
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- May 24 2024
HKIA appoints new executive directors for GI and long-term business
Lee Moung-mo will have oversight of general business, while Marty Lui will take charge of long-term business.
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- May 24 2024
Japan’s big 4 admit to leaking customer data to competitors: report
Agencies handling policies for Tokio Marine & Nichido Fire Insurance, Sompo Japan Insurance, Mitsui Sumitomo Insurance, and Aioi Nissay Dowa Insurance were sharing motor insurance customers' names, policy numbers, premium amounts and maturity dates.
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- May 23 2024
WTW ropes in Alex Rosati from Marsh as Asia head of claims
With over 30 years of experience in underwriting, claims and litigation, Rosati will focus on all aspects of WTW’s claims proposition across all business lines.
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- May 23 2024
Gallagher Re promotes George Sherriff as Japan CEO, Tsuyoshi Noguchi to become chairman
Sherriff, who has been executive director at Gallagher Re since 2021, will retain oversight over global client proposition across Asia Pacific even after transitioning to the new role.
