Country: East Asia Page 52 / 206
-
- February 10 2023
East Asian insurance markets may have ‘bottomed out’
Carriers in Japan, China and Korea are on a recovery path, however, nat cats, new solvency regimes, and inflation are key challenges.
-
- February 9 2023
Hannover Re cuts APAC premium volume by 21.6% in 1.1 renewals
The German reinsurer cut back on proportional treaty in Malaysia and China, but XOL premiums filled some of the void.
-
- February 8 2023
Light at end of tunnel for Taiwan’s Covid blues
P&C carriers paid out US$7bn in 2022, however, the expiration of policies in June could be a turning point for the market.
-
- February 8 2023
Japan’s hardening markets force cedents to review reinsurance plans: S&P
The consolidated net income of Tokio Marine, MS&AD, and Sompo will decrease year on year in FY 2022.
-
- February 7 2023
Sam Cheng joins Axa XL as Hong Kong head of financial lines
Cheng, who has over 20 years of P&C experience, will oversee the development of international financial lines across Greater China.
-
- February 7 2023
India’s appeal grows amid China pessimism
Global reinsurers and Lloyd's syndicates hone in on the market as the IRDAI seeks to cut red tape.
-
- February 7 2023
BYD acquires online insurer for US$530m: report
The deal was done on January 31 with the EV maker agreeing to acquire 100% equity of the carrier, which had entered bankruptcy last year.
-
- February 6 2023
AM Best downgrades Fubon Insurance’s credit rating as Covid losses mount
The Taiwan P&C carrier's rating has been changed to “A” (excellent) from “A+” and is under review with negative implications.
-
- February 3 2023
Hong Kong’s MHK buys Lombard International Singapore
The deal is specialty (re)insurance and HNW life broker MHK Insurance Services' first overseas M&A foray.
-
- February 3 2023
Chinese insurtech Cheche Group initiates SPAC merger for US listing
The transaction values the combined company at an enterprise value of US$841m.
-
- February 2 2023
EV giant BYD in talks to acquire Yian P&C Insurance
The Shenzhen-headquartered insurer was seized by Chinese authorities in 2020.
-
- February 1 2023
Marsh Asia in construction leadership shake-up
Asia energy and power sales head Chris Bickerstaff takes on regional leader role from Stephen Boddington who becomes chief client officer.
-
- January 31 2023
AIG hires from Berkley Insurance Asia for Hong Kong casualty role: sources
IAN understands that AIG has found a new head of casualty for Hong Kong and Macau.
-
- January 30 2023
Asia 1.4 renewals to bring more rate hikes and tough negotiations
Nat cats are set to impact the Philippines, while global trends will push up pricing in India and Japan.
-
- January 27 2023
S&P lowers Toa Re’s rating to A after large Covid and cat claims
The Japanese reinsurer made a loss in the first half of the current fiscal year and its combined ratio has exceeded 100% for four consecutive years.
-
- January 27 2023
Japan’s carriers support marine war market as deadline looms
(Re)insurers could see a potential US$1bn loss in February for policies connected to stranded ships.
-
- January 26 2023
Berkley Re Asia appoints senior China casualty underwriter
Ling Li has most recently been a liability senior underwriter at PICC P&C.
-
- January 26 2023
Oneglobal hires Hong Kong account manager
Sue Tan is relocating from Taiwan where she worked as an assistant manager at TW Insurance Brokers.
-
- January 20 2023
Hong Kong P&C, specialty prospects brighten as China reopens
Revival in GBA investments and travel to drive cyber, D&O, M&A, PI and energy lines.
-
- January 19 2023
Competition cushions China renewals
Despite tough market conditions, cedents managed to extract some concessions.
