Country: Asia Page 24 / 53
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- March 2 2023
Scor’s combined ratio deteriorates to 113.2%, GWP climbs 4.9% to US$21bn
The French reinsurer's 2023 estimated gross premium income from Asian emerging markets is down to 10% from 12% last year.
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- March 2 2023
Fac to the fore in Asia as treaty turbulence continues
"The general consensus is that people have not seen a market like this before," says Miller's Ron Whyte.
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- February 28 2023
McLarens taps Sedgwick for Hong Kong managing director
Amen Chiu, a loss-adjusting veteran, has expertise in handling complex property, casualty and BI claims.
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- February 28 2023
Opinion: Asia premium momentum paves way for strong 1.4, 1.7 renewals
2022 results and 1.1 renewals show there is still plenty of upside in Asia despite a myriad of challenges.
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- February 27 2023
Inflation pinches ‘high-margin’ liability lines’ profitability
Hit by the 1.1 renewals, many Asian carriers are seeing opportunities in liability cover but there are dangers in the tail.
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- February 24 2023
Axa continues pivot from nat cat reinsurance
Axa XL's property cat premiums fell 36% in FY 2022, while the French giant saw Asia P&C profits rise 34% to US$109m.
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- February 23 2023
Axa XL appoints APAC broker and distribution leader, names China property head
Winston Zhuo joins in Shanghai from Allianz, while Carlson Grote has switched to distribution from client management.
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- February 23 2023
Asian fleets boost P&I clubs’ renewals
After a tough start, many clubs saw close to 50% renewed gross tonnage coming from Asia.
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- February 22 2023
CoverGo appoints Adrit Raha as APAC managing director
Singapore-based Raha joins from another insurtech and will help the company with its regional expansion plans.
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- February 21 2023
Opinion: Asia’s mega rail projects to ignite premium boom
The China-backed infra projects set to generate US$14bn by 2030 come as a blessing for local and international carriers.
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- February 20 2023
Swiss Re’s 1.1 Asia renewals grow 35%
The global reinsurer benefited from the expansion of property and motor lines in the region, in addition to rate increases.
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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
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 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
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.
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- February 9 2023
Aon names Stephen Rudman as Asia head of marine
Rudman, who joins from Gallagher, will be based in Singapore and reports to Paul Young, head of commercial risk solutions for Asia.
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- February 6 2023
Retro squeeze pushes Asia reinsurers to more tailored cover
Portfolios exposed to the US, Japan and loss-hit territories saw the highest prices, increased retentions and capacity withdrawal at 1.1. renewals.
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- February 6 2023
Asia Q4 2022 property pricing up 2% as casualty fell 1%: Marsh
Cyber rates increased 22%, an improvement over previous quarters, as more capacity entered the market.
