Country: Asia Page 92 / 394
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- June 29 2023
Axa XL appoints Boney He as senior underwriter in Shanghai
She was previously an underwriting assistant at Brit Insurance, division of Lloyd’s China, for 10 years.
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- June 29 2023
Japanese carriers’ domestic underwriting to recover to pre-pandemic levels in FY 2024: Fitch
The average combined ratio of the major Japanese non-life insurers, Tokio Marine, MS&AD, and Sompo, increased by six percentage points year-on-year to 100% in FYE23.
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- June 29 2023
Lack of cross-border clarity slows (re)insurers entry into India’s Gift City
Despite the regulatory push, only four carriers have so far set up in the financial hub, with most non-life players awaiting clearer regulations.
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- June 28 2023
Everest Insurance hires Marsh veteran to head APAC
Sydney-based Scott Leney will oversee business strategy and portfolios both in Asia and the Pacific and report to Everest Insurance International co-heads Adam Clifford and Jason Keen.
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- June 28 2023
Long-term products, auto to drive growth for Korean insurers: AM Best
Stable outlook ahead for Korean non-life insurance business as IFRS 17 is expected to bring in more stability.
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- June 28 2023
Beazley builds out Singapore cyber business with two new hires
Cyber underwriters Razif Abdullah and Sharmayne Koh will start in the new roles from first week of July.
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- June 28 2023
IRDAI to kick off new risk-based supervision in July
IRDAI had tied up with Toronto Centre (TC), a not-for-profit organisation, to develop RBS framework guidelines.
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- June 27 2023
APAC nat cat economic losses at US$80bn in 2022: Aon
Floods were the costliest peril accounting for about 61% of the total economic loss for the region.
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- June 27 2023
Retro capacity on slow path to recovery
While capacity providers are re-entering and the ILS sector is buoyant, the impact on 1.7 renewals will be limited as it takes time for the capital to feed into the markets.
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- June 27 2023
Scor appoints Fabrice Bregier as chairman
Bregier succeeds Denis Kessler, who died earlier this month.
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- June 26 2023
Tropical storms in western north Pacific to be above average in 2023: Moody’s RMS
Sea surface temperatures across the region comprising Japan, Taiwan and the Philippines are expected to be near or above average between July and November.
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- June 26 2023
Korean construction insurer KSCFC eyeing overseas expansion to reduce risk: Fitch
The rating agency has assigned the cooperative an insurer rating of 'A' (strong) with a stable outlook, a notch above its standalone credit quality.
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- June 26 2023
Asta sounds out syndicates to join Lloyd’s Asia
With Mosaic and Volante launching on the platform in Singapore, international and regional players may follow the lead.
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- June 23 2023
RiskPoint bolsters APAC M&A team with ex-AIG hire
Sydney-based Diana Hu joins as underwriting director and will work with Maria Steeples, the MGA’s regional managing director and head of M&A.
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- June 23 2023
UOI’s rating affirmed on strong underwriting results and investment portfolio restructure: AM Best
The rating agency has affirmed an insurer rating of A+ (superior) with a stable outlook.
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- June 23 2023
WTW India appoints Anand Kolhe as exec vice-president, facultative reinsurance
Prior to this move, he was associate director with Gallagher’s Indian insurance brokerage arm Edelweiss Gallagher Insurance Brokers.
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- June 23 2023
PICC Hong Kong expanding reinsurance portfolio, mainland sales: AM Best
The rating agency has affirmed A- (excellent) rating for the Hong Kong carrier with a stable outlook.
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- June 22 2023
Tokio Marine Newa Insurance raises fresh capital after FSC warning
Taiwan's regulator had ordered the insurer to bring in more capital by the end of June or it would be taken over.
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- June 22 2023
Analytics: Hong Kong and China P&C players’ underwriting margins squeezed
Carriers are under pressure as reinsurance costs rise, however, at 10% coverage for the top 15 Chinese insurers, there is plenty of room to grow.
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- June 22 2023
60% of crop exposure uninsured against nat cats: Swiss Re
The reinsurer estimates the global agri protection gap at US$113bn in 2022, up by 28% in nominal terms from 2016.
