Country: East Asia Page 60 / 206
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- September 19 2022
Asian ILS market to thrive as investors seek diversification
Multiple deals in the pipeline with Singapore and Hong Kong continuing policy support for alternative markets.
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- September 19 2022
Chenwei Li to head Peak Re’s structured solutions
He will also co-head the life and health business and report to chief executive Franz Josef Hahn.
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- September 19 2022
Prudent reinsurance, low costs anchor Cosco captive’s performance
AM Best affirmed financial strength rating of A for the Chinese shipping company subsidiary.
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- September 19 2022
Sompo Japan’s 5-year average COR at a ‘strong’ 96.3%: AM Best
The rating agency has affirmed the financial strength rating of A+ (superior) to the company and its subsidiaries.
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- September 16 2022
Why Fosun’s divestment plan may exclude Peak Re
Non-core divestitures are unlikely to change the controlling interest of core insurance units like the Hong Kong reinsurer and Fosun Insurance Portugal.
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- September 15 2022
Fosun sells 22% stake in YongAn Property Insurance
State-owned Shaanxi Financial Asset Management acquired the conglomerate's interest in the Chinese carrier.
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- September 14 2022
Lloyd’s crypto coverholder Evertas enters Hong Kong and Australia
The Chicago-based company uses capacity from Arch Insurance to offer cover against theft or loss of blockchain assets.
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- September 14 2022
FWD refiles for Hong Kong IPO
Stock exchange filing revealed that H1 new business reached US$405m, up 25% year-on-year.
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- September 13 2022
Munich Re’s former Singapore CEO joins Samsung Fire & Marine
James Park will be the head of international business for commercial lines.
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- September 13 2022
Allianz Trade promotes two execs to APAC roles
Malgorzata Cybulska-Dusson joins as regional head of claims & collection and Amol Zambre as regional head of information & grading.
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- September 13 2022
Domestic leadership, global presence drive TMNF’s growth: AM Best
Average five years combined ratio for non-life insurance was 95.6%.
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- September 13 2022
Opinion: Japanese majors swept up in Lloyd’s legacy zeitgeist
RiverStone’s run-off acquisition of Sompo's Endurance at Lloyd’s marks the end of an era.
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- September 12 2022
MS Amlin AG rebrands as MS Reinsurance
The rebranding exercise is part of a wider business transformation project.
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- September 12 2022
Losses mount from nat cats in Korea, Pakistan, China and India
An earthquake, a typhoon and two serious flooding events are triggering a large volume of claims.
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- September 12 2022
China P&C premium pile grows 9.3% as foreign insurers double market share
China's P&C premium increased to US$132bn in the first seven months of 2022.
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- September 9 2022
APAC renewables to generate US$59bn of premium by 2035: Swiss Re report
Property and casualty sector global real premiums will grow by around 2.7% in 2023.
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- September 9 2022
Korean digital insurer Carrot plans to go public by 2025
The Hanwha-owned carrier was valued at US$850m after a US$217m third-round fundraising.
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- September 8 2022
Tencent exec replaces Samsung P&C China head after capital injection
Ren Huichuan becomes interim GM with Ji Qingxie set to depart.
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- September 8 2022
FWD postpones Hong Kong IPO until 2023: report
It is understood that the long-awaited fundraising has been suspended yet again.
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- September 7 2022
LK Re eyes South-East Asia expansion with Singapore launch
The South Korean broker has eight employees in its new office in the Lion City.
