Country: Asia Page 28 / 408
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- November 21 2024
Seoul Guarantee Insurance could see decline in underwriting performance on a rise in paid claims: Fitch
The rating agency has affirmed SGI’s rating at 'AA-' (very strong) with a stable outlook taking into account its strong capitalisation, financial performance, and the support it receives from the government.
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- November 21 2024
Aon promotes Singapore-based Magnus Roe to global chief data and analytics officer
Roe, who was global head of strategy, risk capital analytics for the broker, will integrate AI, data governance and analytics into the broker's data and analytics strategy, reporting to Aon COO Mindy Simon.
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- November 21 2024
Interest in standalone renewable treaties in APAC remains strong: Gallagher Re
There is rate adequacy in the market ahead of the 2025 renewal season as costs have stabilised in the reinsurance market, according to a whitepaper on renewable energy by the reinsurance broker.
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- November 20 2024
Rokstone launches global multi-peril parametric offering with US$10m facility
The MGA has partnered with NormanMax Lloyd’s Syndicate 3939 to launch to cover earthquake, hurricane, tropical cyclone and typhoon risks, with further perils including floods set to be added next year.
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- November 20 2024
UIB Group expands Asia footprint with representative office in Nepal
The Kathmandu office will report to the UIB Asia regional headquarters based in Singapore.
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- November 20 2024
Japan’s big three post US$8bn windfall from strategic holdings unwind
The major insurance groups also showed significant improvements in H1 CORs as they benefitted from benign loss environment at home and overseas and robust premium growth.
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- November 20 2024
P&C GWP growth in mature APAC markets to reach 3.2% in 2024: Swiss Re
Emerging Asia will remain the main driving force with non-life premiums to grow at a 7.4% CAGR in 2025‒26 as India outperforms all major developing markets.
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- November 20 2024
AIG Singapore promotes Vanessa Yeo to head of casualty
Before assuming her new role, Yeo was casualty lead for the broker distribution channel.
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- November 19 2024
India’s WestBridge Capital joins forces with former Tata AIG CEO to launch general insurer: reports
The private equity firm will hold a majority stake with Neelesh Garg taking a 10% ownership in the new joint venture that will be launched mid-2025 and will offer health, motor, fire, and property covers.
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- November 19 2024
Generali GC&C hires Nicholas Selff from Chubb as head of underwriting for Asia
Selff, who has relocated to Hong Kong, started with the insurer's leadership team on November 18.
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- November 18 2024
Tugu Re’s property, credit businesses adds volatility as 2023 COR rises to 107%: Fitch
The global rating agency has affirmed Tugure’s rating at 'A+(idn)' with a stable outlook.
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- November 18 2024
India set to allow 100% foreign direct investment in insurance: report
The measures are part of the Insurance Amendment Bill that is proposed to be introduced during the winter session of Parliament that kicks off later this month.
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- November 18 2024
ICICI Lombard’s Alok Agarwal to take charge as Zurich Kotak managing director & CEO
Mumbai-based Agarwal will replace Suresh Agarwal who will be transitioning to a new role within Zurich Insurance Group.
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- November 18 2024
Taiwan prohibits vessels covered by four insurers from commercial seaports
The action follows the carriers' – Ascent, Edinburgharian PANDI Management, Polaris and Arsenal – failure to resolve shipwreck-related disputes.
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- November 18 2024
SRG taps Allianz’s Jaya Taylor as global regulatory affairs leader
Taylor joins from Allianz Global Corporate and Specialty (AGCS), where she was the global compliance officer based in London.
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- November 18 2024
Exclusive: Hannover Re appoints Avijit Ghosh as India CEO amid leadership reshuffle
Ghosh, who was CUO, will replace GLN Sarma, meanwhile, special project manager for the reinsurer's India branch Christian Schoen will relocate to China, IAN understands.
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- November 18 2024
China Re’s overseas P&C business posts robust growth, says AM Best affirming its rating
The rating agency noted Chaucer continues to be the major driver of overseas non-life reinsurance revenue.
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- November 15 2024
QBE’s Gordon Wong joins MSIG Hong Kong as senior vice president
In his new role, Wong will drive all intermediate business and oversee the growth of broker, agency and Macau channels.
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- November 15 2024
‘No guarantee’ Allianz-Income deal will proceed, discussions ongoing
Allianz and Income Insurance said they are still having discussions on amendments to the proposed acquisition deal.
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- November 15 2024
Emerging capital standards to increase Korea, HK and Taiwan insurance consolidation: Fitch Ratings
Regulators in the Asia Pacific region are upgrading existing solvency frameworks with a growing emphasis on aligning with ICS, IFRS 17 and other global regimes.
