Country: Asia Page 153 / 420
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- 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.
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- 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.
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- 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.
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- 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.
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- 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.
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- 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).
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- 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.
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- 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%.
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- 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.
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- 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.
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- 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.
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- October 4 2022
SBI General Insurance names veteran banker Kishore Poludasu as CEO
The formed deputy managing director of the State Bank of India will take charge of the insurer from October 4.
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- October 4 2022
Specialty lines ‘help open the door’ to Asia: Helvetia CEO
Switzerland’s third largest insurer plans to double its Asian business in the next five years.
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- October 4 2022
PingAn P&C bets on AI for nat cat risk reduction
The platform monitors local geographical and environmental data in real-time to send warnings to its clients.
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- October 3 2022
Hyundai China’s strong balance sheet to help tide over losses: AM Best
The Didi Chuxing and Legend Holdings backed carrier’s operating results were in the red due to poor underwriting performance.
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- October 3 2022
Hong Kong GI underwriting profits plunged 42% in 2021: HKIA
The reinsurance business' results grew 38% last year driven by a turn around in the proportional treaty business.
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- October 3 2022
Analytics: Asian cat losses up 145% since 2017
Models show that (re)insurers should expect even higher losses as exposures rise, according to data provider Verisk.
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- September 30 2022
Volatility may dampen China Taiping Singapore’s earnings: AM Best
The company recorded a pre-tax loss in 2021 and in the first half of 2022 from fixed income portfolio.
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- September 30 2022
Nanmadol insured losses could hit US$6bn
Japanese cat bond issuers are under scrutiny as losses will likely attach some higher-risk reinsurance layers.
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- September 29 2022
Gallagher Re shakes-up APAC senior team
David Bangs takes over as head of Gallagher Re APAC from Robin Swindell, who heads to Tokyo in a senior role.
