Country: East Asia Page 63 / 221
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- April 20 2023
Korean P&C insurers falling short on oil and gas exclusions
While most of the insurers have started acting on coal policies, only Samsung has extended it to the petroleum industries.
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- April 20 2023
Gallagher launches Japan commercial and wholesale fac broker
Takuya Aibe and Tetsuro Nakazawa have joined the broker from Marsh. Aibe becomes CEO of retail and Nakazawa CEO of wholesale and fac.
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- April 20 2023
BOC Aviation awarded US$400m by US court for planes stranded in Russia: report
The aircraft lessor said AirBridgeCargo went into default after being unable to maintain required reinsurance coverage.
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- April 19 2023
Lloyd’s eyes regional opportunities through Hong Kong
The platform's regional director Iain Ferguson identified reinsurance capacity, captives and more local placement as areas for the market to focus on.
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- April 18 2023
Allianz Trade expands Asia excess of loss business
The global trade credit insurer will add new headcount in Singapore, Hong Kong, Australia, Japan and Malaysia.
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- April 18 2023
Analytics: Singapore and Hong Kong see underwriting profit, GWP bounce back
While faster premium growth saw the Lion City extend its lead over the regional rival, the SAR insurers' underwriting profits more than doubled in 2022.
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- April 17 2023
Chinese non-life carriers have solid capital, reinsurance to face cat risks: Fitch
A steady investment yield contributes favourably to most insurers’ overall operating stability and underwriting performance.
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- April 17 2023
HKFI seeks easier re-domiciliation and improved positioning to attract global majors
Policy recommendations have been submitted by the Hong Kong Federation of Insurers to the Financial Services and Treasury Bureau and the Insurance Authority.
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- April 16 2023
Zhongyuan Agricultural Insurance scripts COR turnaround
The Chinese carrier, which was rated A- (strong) with a stable outlook by Fitch, posted a 90% combined ratio last year compared with 104% in 2021.
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- April 14 2023
Taiwan P&C carriers seek lifeline from owners after regulatory rebuke
Tokio Marine has taken majority control of its JV, while Fubon, Hotai, and CTBC parents are set to absorb losses.
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- April 12 2023
Asian SMEs warm up to cyber cover after digital boom
The changing economy is seeing more business being handled online meaning threats are growing, but risk data is still lacking.
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- April 11 2023
Gallagher appoints Ralph Sherbahn as Asia financial lines leader
Sherbahn, who joins from Zurich, is based in Hong Kong and reports to North Asia CEO Thomas Wang.
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- April 11 2023
Taiwan regulator orders four insurers to raise capital or risk being taken over: report
Fubon, Tokio Marine Newa, Hotai and CTBC must restore their solvency levels by the end of June, or they would be taken over by the Financial Supervisory Commission within 90 days.
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- April 11 2023
AM Best upgrades CMB Wing Lung Insurance over CMI deal closure
The Hong Kong carrier to maintain a robust level of risk-adjusted capitalisation over the short to intermediate term.
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- April 11 2023
Charles Taylor ties up with Korean loss adjuster
CTA works with a network of loss adjusting businesses around the world to offer its clients services where it does not have a regional presence.
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- April 7 2023
China’s Allianz Jingdong downgraded on poor COR, weakened capitalisation
The Guangzhou-headquartered general insurer's combined ratio rose to 104% in Q3 2022, from 99% in Q3 2021, said Fitch.
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- April 6 2023
China reopening to boost Asia’s P&C markets
With inbound and outbound connectivity resumed, a spurt in tourism across the region offers hope for insurers.
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- April 6 2023
AIG confirms Sally Cheung as Hong Kong head of casualty
IAN first revealed the appointment of the former Berkley Insurance Asia head of casualty in January.
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- April 4 2023
Easing capacity constraints offer hope for mid-year renewals: Aon
April renewals progressed in an orderly fashion as the reinsurance market has found itself on a more sustainable footing.
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- April 4 2023
Hannover Re names Firdaus Kasman as Korea team lead
Kuala Lumpur-based Kasman will also continue to head the reinsurer's affinity team with responsibility for Asean, South Asia, Korea and Japan.
