Country: Asia Page 187 / 471
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- February 17 2023
Allianz’s Asia P&C net earned premium grows 30%, COR up at 98.1%
Group COR increased to 94.2% primarily due to higher attritional losses related to normalisation of claims frequency and claims inflation.
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- February 16 2023
Fubon Insurance Vietnam under review with negative implications: AM Best
The Taiwanese parent was downgraded on February 3 and put on ratings watch for negative implications
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- February 16 2023
Chubb’s Greenberg: Asia growth will outpace rest of company
The global carrier's APAC premium was up nearly 40% in 2022 with half of the growth coming from the Cigna acquisition.
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- February 16 2023
Elizabeth Gill joins Sedgwick as Malaysia marine general manager
Gill has over four decades experience including the handling of many major and complex claims in marine cargo.
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- February 15 2023
InsuranceDekho raises US$150m via equity and debt
The Indian insurtech is targeting annualised premiums of US$423m by the end of March.
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- February 15 2023
Marsh McLennan promotes Renée McGowan to India/MENA CEO
The new role for the Mercer president of Asia, Middle East and Africa is part of a series of regional appointments at the broking group.
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- February 15 2023
Ramon International elevates Lee Ellis to chief strategy officer
London-based Ellis will assume board roles across international operations of the Lloyd's broker, which entered Asia last year through the acquisition of CKI Korea.
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- February 15 2023
Covid, nat cat woes continue at Japan’s ‘big three’
Net profits at Tokio Marine fell 27.4%, with Sompo Holdings declining 79.5% and MS&AD dropping 57% for the first nine months of FY 2022.
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- February 15 2023
Ping An floats first-ever ocean carbon sink insurance
Product provides US$58,000 worth of cover against specific changes in the marine environment that damage local species.
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- February 14 2023
FM Global handed Korea licence
The commercial property specialist has appointed Yong-Ju Shim as the Seoul office manager.
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- February 14 2023
Asia flood losses to worsen amid data deficit
(Re)insurers are feeling the heat from record rainfall events and fast-evolving climate risk scenarios.
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- February 14 2023
Thai Re could tighten terms to limit underwriting losses: Fitch
Thai Reinsurance’s financial strength rating has been affirmed at 'A-' (strong) with a stable outlook.
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- February 13 2023
WTW bolsters Singapore credit and political risk practice
Deesha Doshi, who has worked at several international banks, joins as an executive director in the Lion City.
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- February 13 2023
Bangladesh reinsurance policies at risk of lapsing due to dollar shortage: report
Several cedents have been unable to pay premiums over many months due to restrictions on foreign currency remittance from the country.
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- February 13 2023
Auckland floods and Turkey earthquake add pressure on upcoming renewals
Recent disasters are likely to trigger reinsurance payouts and add to the capacity woes and rate increases that's been vexing renewals.
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- February 10 2023
Axa XL promotes Shiwei Jin to APAC & Europe head of global programmes
Based in Hong Kong, Jin will oversee global programme strategy for the (re)insurer's multinational clients in Asia, Australia and Europe.
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- February 10 2023
East Asian insurance markets may have ‘bottomed out’
Carriers in Japan, China and Korea are on a recovery path, however, nat cats, new solvency regimes, and inflation are key challenges.
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- February 10 2023
Zurich APAC COR improves to 91.7% as P&C GWP jumps 18%
APAC premiums grew to US$3.47bn in FY 2022 as the region saw a strong travel insurance recovery.
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- February 9 2023
Marsh McLennan in Asia leadership reshuffle
David Jacob has been promoted to CEO of Marsh McLennan Asia, while James Addington-Smith takes charge as Marsh Asia president.
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- February 9 2023
French consortium to acquire CCR Re majority interest
New owners will infuse US$215m in fresh capital into the reinsurer, which derives around 25% of its premium income from Asia.
