Country: Asia Page 52 / 444
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- February 17 2025
Increasing costs, reduced profitability main challenge for SMEs in Hong Kong and Singapore: QBE
In Hong Kong, staff acquisition and retention and labour shortage is the second biggest concern for 50% of SMEs, while in Singapore, 56% of respondents are worried about sales growth and reduced customer spending.
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- February 17 2025
MS&AD accelerates, while Tokio Marine, Sompo see overseas topline growth moderate in Q3 FY24
MS&AD’s foreign subsidiaries grew NWP by a combined 25%, in contrast to the 1.2% growth posted by Tokio Marine’s international non-life businesses and 0.8% by Sompo’s overseas arms.
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- February 17 2025
GAIP appoints Min Hung Cheng as interim CEO following John Maroney departure
Singapore-based Cheng will assume the role from March 18 until a new CEO is appointed.
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- February 17 2025
Tokio Marine’s underwriting profitability to improve on steady rate hikes: Fitch
Fitch Ratings also affirms insurer financial strength rating of AA- (very strong), with a stable outlook.
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- February 14 2025
Sompo restructures into global P&C, wellbeing segments
James Shea will lead global P&C business; with APAC CEO Kenneth Reilly handed additional role as deputy president Sompo Japan.
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- February 14 2025
Tokio Marine’s international P&C profit up 14.2% to US$2.2bn in Q3 FY24
Strong underwriting performance in key international entities and increases in investment income in North America contributed to the growth.
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- February 14 2025
MS&AD group profits up 137% to US$4bn on strong overseas growth
Group's overseas profits nearly doubled to top US$1bn due to lower nat cat losses and favourable investment income.
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- February 14 2025
Global Asia Insurance Partnership names Dickson Wong as director
With over 15 years of experience in the general insurance industry across Australia and Asia, Singapore-based Wong is a seasoned actuary specialising in risk and actuarial areas.
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- February 14 2025
Sompo’s domestic P&C falls 39% in adjusted profit to US$299m in Q3 FY24
Drop attributed to a rise in accident rates and unit repair costs in motor and the impact of increased company expenses due to upfront investment, offset by base profit improvement in fire.
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- February 14 2025
MS Amlin’s COR for 9M FY24 at 88.8%, reports US$163.5m underwriting profit
MS&AD-owned specialty (re)insurer reports continued growth since turnaround a year ago, posting NWP of US$1.4bn.
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- February 14 2025
9 Indian insurers submit IPO plans to IRDAI: report
HDFC Ergo and SBI General have submitted their initial public offering (IPO) plans to the regulatory authority, according to a report in The Economic Times.
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- February 14 2025
Samsung Life seeks regulatory nod to incorporate group P&C arm as subsidiary: reports
Insurer approaches Financial Services Commission over a potential incorporation of Samsung Fire & Marine Insurance, according to the Korea JoongAng Daily.
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- February 14 2025
Tokio Marine Kiln takes Talbot’s Jack Skinner as APAC head of political violence
Skinner was most recently a class underwriter at the AIG-owned Lloyd's syndicate based in Singapore.
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- February 14 2025
JB Boda’s Rohit Boda talks India’s ‘win-win’ FDI change, eyeing emerging markets and cyber
In a wide-ranging interview, managing director of the Mumbai-based (re)insurance firm also tells InsuranceAsia News that the broker aims to leverage local talent and address evolving risks driven by climate change and geopolitical factors.
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- February 14 2025
Commercial rates harden in Taiwan, Japan while rest of Asia declines: Marsh
Composite insurance rates in Asia continued a downward trend, declining by 3% in the fourth quarter of 2024, marginally higher than the global average.
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- February 13 2025
Hanwha denies reports of selling Carrot Insurance stake amid financial strains
Korean insurtech startup has been posting losses every year since its establishment in 2019.
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- February 13 2025
MG Non-Life sale: KDIC files injunction plea against union
Troubled insurer’s labour union has been disrupting the due diligence process by prospective buyer Meritz Fire & Marine.
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- February 13 2025
Howden India appoints Nagarajan Girishankar as reinsurance chair
Mumbai-based Girishankar has over 40 years of experience in the insurance broking industry.
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- February 13 2025
As Trump plays a ‘treacherous trade game’, tariffs solve nothing, leading underwriter says
Sean Dalton, vice president of the International Union of Marine Insurance (IUMI), says the rising risks of an all-out trade war between the US and China are a huge concern for insurers and clients.
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- February 12 2025
Samsung Fire & Marine FY24 insurance profit down 6% at US$1.3bn
South Korean carrier's motor insurance COR deteriorated to 98.3% in FY 24 from 96.6% last year, while the P&C business' loss ratio for the period worsened to 64.4% from 61% in FY23.
