Country: Asia Page 216 / 433
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- August 12 2021
Asia’s forestry rates harden as capacity squeezed
Australia saw price hikes of 100-150% after fires generated insured losses of A$300m in 2020.
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- August 11 2021
Asia’s cat bond market set for record year
More than US$1.5bn of cover provided as issuance increases 68% on 2020.
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- August 10 2021
Lloyd’s China eyes broker and product expansion
A new marine liability product is expected later this year.
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- August 10 2021
Allianz H1 2021 APAC profit up 37% to US$402m
Uptick partly driven by insurer's L&H business where operating profit jumped 46% to €279m.
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- August 10 2021
Dai-ichi Life’s Westpac deal highlights APAC ambitions
The deal consolidates the Japan firm's position as the market leader down under.
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- August 10 2021
Digit Insurance fundraise driven by solvency requirements, chair says
Founder Kamesh Goyal tells IAN the insurtech saw a 63% increase in GWP in Q1 2021.
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- August 10 2021
Former Lockton director sets up APAC agriculture broker
Stephane Baldanoff has established a Melbourne-headquartered start-up.
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- August 9 2021
World Bank’s IFC invests in Vietnam’s PVI Holdings
The World Bank's investment arm has bought 6.29% of the country's second largest P&C insurer from HDI Global.
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- August 9 2021
Carlyle exits stake in India’s SBI Life: report
The US private equity firm had originally invested in the Mumbai-headquartered life insurer in March 2019.
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- August 9 2021
BPL Global establishes Lloyd’s Japan binder for credit risks
MS Amlin acted as the lead syndicate on the binder.
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- August 9 2021
China set to squeeze insurers’ solvency
Phase II of C-Ross is expected to cut solvency ratios by at least 10 points.
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- August 6 2021
Henan flood claims surpass US$1.74bn
The local CBIRC office says insurers have received over 500,000 claims so far.
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- August 6 2021
Moody’s buys RMS for US$2bn to bolster climate risk analytics
The rating agency flagged the risk modelling firm's P&C and life (re)insurance capabilities.
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- August 6 2021
Insurers wary as Singapore targets digital assets
MAS has licensed its first crypto exchange, but such assets are still difficult to insure.
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- August 6 2021
HDI Global’s Silton handed additional role as Malaysia head
The Singapore-based executive takes over from Danh Duong, who will now focus on operations in Vietnam.
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- August 5 2021
Cyber insurance pricing hardens as attacks escalate
Lloyd's webinar told that cyber cover has been underpriced for many years.
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- August 5 2021
CBIRC extends capital rules for ceding reinsurance to Hong Kong
China regulator says the policy can help the SAR become a global risk management centre.
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- August 5 2021
Taiwan’s non-life premiums rose 6.2% to US$6.8bn in 2020
The P&C sector saw pre-tax profits grow 54.4% to NT$12.2bn in H1 2021.
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- August 5 2021
Asia boosts profits of international (re)insurers
First-half results show the value of diversification as regional units boast strong growth.
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- August 4 2021
Westpac to sell its life unit to Dai-ichi in US$1bn deal: report
Bloomberg report says official deal announcement could come by the end of August.
