Country: Asia Page 136 / 403
-
- October 12 2022
China Merchants’ carve-out to create more agile P&C carrier
A combination of CMB Wing Lung Insurance and China Merchants Insurance will create a top-20 player with US$140m-plus GWP.
-
- October 12 2022
Kakao Pay kick-starts insurance arm with cyber launch: report
The product is expected to shorten the time it takes to pay claims for online financial fraud by over two months.
-
- October 11 2022
Liberty GTS hires trio of lawyers to boost Asia M&A underwriting
Damian Ng, Sanjeve Prakasam, who joins the Singapore office, and Alexandra Culas in Sydney will focus on warranty and indemnity insurance in the region.
-
- October 11 2022
Korea’s Construction Guarantee Cooperative benefitting from rising infrastructure spend
AM Best affirmed the financial strength rating of A+ and the long-term issuer credit rating of “aa-” to the government-designated surety underwriter.
-
- October 11 2022
Asia needs to deliver ‘acceptable level of profitability’: Mapfre Re’s Javier Sánchez Cea
The Spanish reinsurer has made Asian expansion, especially China, a priority but expects the market to improve margins.
-
- October 10 2022
Luen Fung Hang Insurance gets over pandemic impact with 58% COR: AM Best
The Macanese P&C player leveraged its distribution to stay second in the market with a 22.8% share.
-
- October 8 2022
Asian cedents urged to get in early, lock down capacity for 2023 renewals
Prices are hardening and capacity is likely to be more constrained going into the upcoming renewal season.
-
- October 7 2022
Swiss Re names Yong Suk Kwon head of Korea in leadership reshuffle
Yong replaces Jonas von Oldenskiöld and will take charge from December 1.
-
- October 7 2022
AGCS tasks Alasdair Walker to lead APAC distribution
In his new role, Singapore-based Walker will manage strategic broker relationships and help raise the company's profile.
-
- October 7 2022
GIC Re issuer outlook downgraded to negative amid accounting scrutiny
AM Best affirmed the state-owned carrier’s long-term issuer credit rating of bbb+ and financial strength rating of B++ with a stable outlook.
-
- October 7 2022
Japan non-life insurers have ‘stable’ outlook: AM Best
Higher loss ratios for motor insurance, personal accident and marine could impact insurers’ underwriting profitability.
-
- October 6 2022
Oneglobal swoops for veteran Huichih Ko to boost Asia arm
Ko will be based in Taiwan and has previously worked at Marsh, WTW and Sedgwick.
-
- October 6 2022
Bolttech eyes Indonesia expansion with broker buy
Jakarta-based Axle Asia, whose lines include corporate and employee benefits, will rebrand and become a subsidiary of the global insurtech.
-
- October 6 2022
Lloyd’s system reset affects APAC operations
All external connectivity was turned off, including delegated authority platforms, after unusual activity on its network was detected.
-
- October 6 2022
MS First Capital 5-year COR at 62.9% on low costs, high ceding commission: AM Best
The rating agency has affirmed the Singapore insurer’s rating of A (excellent).
-
- October 6 2022
Howden Specialty hires Steven Garrod to bolster APAC natural resources team
The former Lockton exec will focus on renewables, downstream energy and construction lines.
-
- October 6 2022
Despite HK’s re-emergence, data shows Singapore pulling away in P&C race
While Singapore's GWP grew 14.25% in 2021, Hong Kong's annual growth was only 2.9%.
-
- October 5 2022
Axa XL enlists ex-Axis treaty underwriter in Singapore
Jessie Kuah to help look after the treaty portfolio in Malaysia, Singapore and Thailand.
-
- October 5 2022
Howden Re signs up Aon director in Singapore for treaty build-out
Doreen Tan, who joins as director, Asean treaty and retrocession, reports to Stephen Warwick.
-
- October 5 2022
Indonesia may ease overseas cession restrictions
Since 2016 insurers have not been allowed to place 'simple risks' with global reinsurers, but now domestic carriers can't cope.
