Country: Asia Page 28 / 411
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- December 13 2024
Tune Protect Re to post moderate underwriting growth going forward: AM Best
The rating agency upgrades TPR’s rating to “bbb+” (good) from “bbb” (good), revises long-term outlook to stable from positive.
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- December 13 2024
Vietnam’s Bao Minh Insurance expected to maintain the strongest level of risk-adjusted capitalisation: AM Best
AM Best affirms financial strength rating of ‘B++’ (good), long-term issuer credit rating of ‘bbb’ (good) and the Vietnam national scale rating of ‘aaa.VN’ (exceptional) to BMI.
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- December 13 2024
WRMS’ SecuRisk tackles data and distribution hurdles to enhance climate resilience
The biggest challenges are minimising basis risk and providing coverage for smaller beneficiaries, such as smallholder farmers and micro-entrepreneurs, often overlooked by large insurers.
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- December 12 2024
MSIG Asia names Munich Re’s Alexander Liu as vice president for cyber and financial lines
Singapore-based Liu will report to Andrew Taylor, senior VP and head of cyber and financial lines.
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- December 12 2024
China’s Qianhai Reinsurance to explore opportunities in capital markets on shareholder support: AM Best
The rating agency has affirmed the financial strength rating of “A-” (excellent) and the long-term issuer credit rating of “a-” (excellent) to the Shenzhen-headquartered reinsurer with a stable outlook.
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- December 12 2024
Rising personal lines prices help stabilise global P&C sector: Moody’s
Pricing in China is unlikely to meaningfully improve, especially in motor, due to directives designed to reduce financial pressure on policyholders as well as mispricing risk for EVs.
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- December 12 2024
Public Bank’s takeover of Lonpac parent will have neutral impact: AM Best
The bank completed the acquisition of a 44.15% stake in the Malaysian insurer’s owner LPI Capital on December 5, becoming its largest shareholder.
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- December 12 2024
Exclusive: Rohan Bhappu to take over from Goh Chye Huat as Howden Asia CEO
Bhappu was most recently the chief executive of Marsh McLennan Hong Kong and Macau.
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- December 11 2024
Korean general insurers strengthen overseas push with Indonesia outreach
Carriers from the country have been expanding their operations in South-East Asian countries, including Indonesia and Vietnam.
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- December 11 2024
Howden Specialty expands natural resources team with Miller hire
Singapore-based Dipati will service the broker’s APAC power & energy client base from an engineering and claims perspective.
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- December 11 2024
Exclusive: Marsh’s Steve Hutchinson to join Howden Hong Kong as chief broking officer
Hutchinson was most recently senior vice president and risk management practice team leader for Marsh in Hong Kong.
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- December 11 2024
Marsh McLennan Taiwan CEO Seth Peller to take on expanded role as Hong Kong, Macau chief executive
Peller will replace Rohan Bhappu, who left the group last week.
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- December 11 2024
GBA cooperation key to viable climate-related insurance development: HKIA’s Clement Cheung
The Greater Bay Area could help the industry develop innovative products and services for the broader market, the HKIA chief executive said at the Asian Insurance Forum.
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- December 10 2024
Exclusive: Sedgwick Malaysia TPA lead Erwin Yu leaves following regional leadership rejig
Yu, who joined the loss adjuster in March this year, has left his role of director, service hub, third party administration after the departure of Asia CEO Veronica Grigg.
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- December 10 2024
Malaysian Re to maintain stability in underwriting performance: Fitch
The rating agency has affirmed the rating at 'A' (strong) with a stable outlook for the reinsurer citing its ability to manage potential volatility and earnings dependence on local voluntary cessions.
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- December 10 2024
Korea’s Wise expands reinsurance team with two hires
The broker has hired Jae Bok Cheong as director and Yerim Park as assistant manager.
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- December 10 2024
Japan P&I Club announces 7% premium hike for 2025 renewal amid inflation and uncertainties
The increase applies for owners’ and charterers’ entries, while rates for Japanese coastal vessels and FD&D cover remain unchanged.
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- December 10 2024
Asian carriers must expand on renewables as climate losses exceed fossil fuels GWP
Insurers should use their influence on the traditional energy sector that only contributes 2% of the total premium to protect the remaining 98% of their business, say climate activists.
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- December 9 2024
China to ‘open up’ to foreign P&C players as part of industry reform action plan
The NFRA plan for the industry will also support the development of Hong Kong as an international financial centre.
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- December 9 2024
Miller powers up APAC energy team with Howden hire
The specilaist broker has hired Elizabeth McGonagle as head of power for the region based in Singapore.
