Country: East Asia Page 67 / 215
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- October 24 2022
Dah Sing Insurance expanding into construction all risks, mortgage cover
The company is reducing its offshore inward reinsurance portfolio amid a capital and surplus decline by US$30 million in the first half of 2022, according to AM Best.
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- October 21 2022
Cathay Financial to inject US$300m into Cathay Century
The fundraise will help the Taiwanese P&C player absorb rising losses on pandemic policies and mark-to-market losses on their investments.
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- October 20 2022
Peak Re bolsters retrocession team with Kenneth Ip
The former associate director at Aon's reinsurance arm joins as assistant vice president in Hong Kong.
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- October 20 2022
MGA Fusion reinforces M&A underwriting with Aon duo
Hui Ling Wong joins as a senior partner in Hong Kong and Yen Lin Ee as a partner in Singapore.
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- October 20 2022
HKIA welcomes policy proposals to facilitate cross-border GBA cover
Hong Kong chief executive John Lee is targeting after-sales insurance service centres in Nansha and Qianhai.
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- October 19 2022
CTBC launches bid to become Taiwan’s first virtual insurer: report
The P&C carrier has filed an application with the Financial Supervisory Commission.
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- October 18 2022
The Hartford swoops for Starr’s APAC head of financial lines
Hong Kong-based Ethan Tay will lead the financial lines team in the region for its Lloyd's arm Navigators.
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- October 17 2022
Berkley strengthens Greater China casualty team with Aon hire
Evelyn Pang joins the insurer’s Hong Kong branch as an underwriter.
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- October 17 2022
Volante charts ambitious APAC play
The London-based specialty carrier is set for Lloyd's foray in Singapore, Australia, Japan and India as well as in the Middle East and Africa, IAN can reveal.
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- October 16 2022
Peak Re’s outlook revised to negative by AM Best
Despite contagion risks from the Fosun ownership, the reinsurer's standalone business fundamental remains stable, said the rating report affirming its A- credit rating.
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- October 13 2022
Opinion: Can reinsurers step up to Japan’s offshore ambitions?
Carriers are reluctant to provide capacity for offshore wind farm construction and operational risk covers.
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- October 12 2022
Fitch affirms A- rating, stable outlook for China Taiping’s UK subsidiary
The subsidiary's underwriting result was US$4.3m in 2021, compared to a loss of US$25.2m in 2020.
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- October 12 2022
China Merchants’ carve-out to create more agile P&C carrier
A combination of CMB Wing Lung Insurance and China Merchants Insurance will create a top-20 player with US$140m-plus GWP.
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- October 12 2022
Kakao Pay kick-starts insurance arm with cyber launch: report
The product is expected to shorten the time it takes to pay claims for online financial fraud by over two months.
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- October 11 2022
Korea’s Construction Guarantee Cooperative benefitting from rising infrastructure spend
AM Best affirmed the financial strength rating of A+ and the long-term issuer credit rating of “aa-” to the government-designated surety underwriter.
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- October 11 2022
Asia needs to deliver ‘acceptable level of profitability’: Mapfre Re’s Javier Sánchez Cea
The Spanish reinsurer has made Asian expansion, especially China, a priority but expects the market to improve margins.
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- October 10 2022
Luen Fung Hang Insurance gets over pandemic impact with 58% COR: AM Best
The Macanese P&C player leveraged its distribution to stay second in the market with a 22.8% share.
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- October 7 2022
Swiss Re names Yong Suk Kwon head of Korea in leadership reshuffle
Yong replaces Jonas von Oldenskiöld and will take charge from December 1.
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- October 7 2022
Japan non-life insurers have ‘stable’ outlook: AM Best
Higher loss ratios for motor insurance, personal accident and marine could impact insurers’ underwriting profitability.
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- October 6 2022
Oneglobal swoops for veteran Huichih Ko to boost Asia arm
Ko will be based in Taiwan and has previously worked at Marsh, WTW and Sedgwick.
