Country: Asia Page 92 / 418
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- November 30 2023
Everest appoints Godfrey Seet as Asia head of short-tail claims
Seet has relocated to Singapore from Hong Kong, where he was most recently senior vice president, claims at Peak Re.
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- November 30 2023
Lonpac’s outlook remains stable on strong underwriting results: AM Best
The Malaysian general insurer’s strong capital adequacy and combined ratios support its financial strength rating of A.
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- November 30 2023
Surge in claims volume testing APAC service capabilities
Increasing nat cat losses, rising cyber claims and inflation leave regional response infrastructure in danger of being overwhelmed, lengthening lead times significantly and driving up costs.
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- November 30 2023
Aon grows Japan transaction solutions team with Shunsuke Takechi
Takechi joins as an associate director and will be attached to the Singapore-based Aon business led by Xianwei Lee.
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- November 29 2023
MS Amlin expands Singapore political risk, treaty teams
Sam Lim has been appointed as senior underwriter, credit and political risk, while Jinnan Tang joins as treaty underwriter.
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- November 29 2023
Chinese non-life insurers’ investment risks manageble, focus on underwriting results: AM Best
Economic recovery and the recent relaxation of solvency-related investment rules support the sector’s “stable” outlook.
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- November 29 2023
Sedgwick promotes Nigel Cook to Singapore CEO
Cook will oversee the growth of Sedgwick’s operations in Singapore while keeping his current role of head of major and complex loss in Asia.
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- November 29 2023
International market’s appetite for Taiwan risks waning
While domestic insurance capacity has been sapped by Covid losses, foreign carriers are shying away from writing business in the market due to historically soft markets and looming political risks.
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- November 29 2023
‘Cannot run away’ from nat cat risks, says Tokio Marine chief: report
Chief executive Satoru Komiya told the Financial Times that nat cats, not systemic cyber-attack, remains the biggest risk to the sector.
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- November 28 2023
Korea carriers plan to lower motor premiums could impact loss ratios: report
A US$773m financial aid package announced by President Yoon Suk Yeol to be rolled out by life and non-life insurers for helping small and medium-sized enterprises will see motor cover rates slashed by 3%.
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- November 28 2023
Vietnam’s relaxed foreign investment rules could bolster M&A: AM Best
AM Best maintains stable outlook on the South-East Asian country's non-life insurance sector, but challenges remain due to slowing economic growth.
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- November 27 2023
Latitude Brokers makes two senior hires to expand P&I team, creates superyacht division
The shipping specialist has appointed James Gargrave in Singapore as P&I director and Hong Kong-based Kevin Overton will head the new superyacht team.
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- November 27 2023
Renewals will be late again as carriers wait and watch, says Peak Re’s Nowakowski
As renewals discussions gather pace, no one is expecting any softening and there isn't really any significant new capacity coming to the market, according to the chief underwriting officer.
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- November 24 2023
Axa Hong Kong gets Casper Kam as casualty underwriter
Prior to this move, Kam was servicing Asia clients for AIG as its underwriting manager - casualty department.
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- November 24 2023
Reinsurance rates to moderate during January renewals: Fitch
Insured natural catastrophe claims are likely to exceed US$100bn again in 2023 but global reinsurers have been far less affected than in 2022.
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- November 24 2023
Swedish Club to offer cyber cover to all members
The cover will be available at preferential rates to all vessels insured for hull and machinery and/or P&I through the club.
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- November 24 2023
Opinion: The Asia casualty conundrum – curious case of underwriting results lagging rating
Rating uplifts in sectors such as general liability or cyber will take time to really kick in and feed into the bottom lines for carriers.
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- November 23 2023
GIC Re outlook upgraded to positive over strong capitalisation: AM Best
The rating agency has affirmed the state-owned reinsurer's financial strength rating at B++ (good) and national scale rating at aaa.IN (exceptional).
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- November 23 2023
TuguRe could see further volatility in underwriting: Fitch Ratings
The Indonesian reinsurer's rating has been affirmed at A+ (idn) with a stable outlook by the rating agency.
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- November 23 2023
APAC markets need to wake up to changing nat cat exposures
After a bruising 2022 and 2023 nat cat loss experience to date, there can no longer be any argument that Asia faces a new flood risk reality.
