Country: East Asia Page 68 / 211
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- August 22 2022
AM Best downgrades Korea P&I Club due to large claims
The Club is exposed to high severity losses or increased claims frequency over the medium term.
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- August 22 2022
‘We don’t eat more than we can stomach’: Peak Re’s Franz Josef Hahn
The reinsurer is retaining reserves into this year and has ‘solid retrocession protection’ to tide over rising nat cat losses.
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- August 19 2022
ADB signs US$1bn capacity deal with Tokio Marine, Chubb, Liberty, Allianz and Axa XL
The three-year agreement transfers credit risk from the bank's portfolio to the insurers’ balance sheets.
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- August 19 2022
China non-life market on road to recovery but margin pressures remain: Fitch
Nat cat events are likely to test underwriting returns in the second half of the year.
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- August 17 2022
Mapfre Re gets CBIRC approval to open Beijing branch
Ignacio Arteche is the general manager of the new branch of the Spanish reinsurer.
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- August 17 2022
Beazley bullish on Asia specialty lines
APAC head Lucien Mounier says the (re)insurer is targeting growth in life sciences, product recall, M&A, financial lines and cyber.
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- August 16 2022
QBE Hong Kong appoints Andex Fung as head of retail, SME underwriting
Former AGCS underwriter will liaise with brokers, agents and strategic partners.
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- August 16 2022
Companies scramble for talent as market rebounds
Asia growth plans on hold as roles in financial lines, energy and construction hard to fill.
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- August 15 2022
QBE’s Hong Kong GI partnership with Hang Seng Bank expires: report
The Australian insurer could also agree a new bancassurance deal.
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- August 15 2022
Skuld drops anchor in Japan with Tokyo office
Norwegian marine insurer brings on board ex-Japan P&I Club team led by Jinsung Son.
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- August 15 2022
Seoul flooding hits P&C players with ‘material’ losses
Claims from the record downpour expected to top US$115m.
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- August 15 2022
China BOCOM Insurance’s loss ratio recovers in 2021 as A&H claims improve
The Hong Kong insurer COR has remained at around 100% over the past five years.
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- August 12 2022
Piotr Nowakowski takes charge as Peak Re chief underwriting officer
The market veteran joined the Hong Kong reinsurer in January.
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- August 12 2022
China’s property crisis weighs on (re)insurers
Amid a slow growth environment, losses on corporate bond portfolios raises questions about the wider threat to market.
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- August 11 2022
Powerful and unusual hailstorm dents Japan’s ‘big three’ Q1 results
The insurance giants saw losses of US$610m from freak storm in addition to Ukraine impact.
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- August 10 2022
Mitsui Sumitomo seals US$400m Transverse deal
The fronting carrier gives the Japanese insurer access to the US$66bn American MGA market.
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- August 10 2022
Aon confirms Sucheng Chang as head of Hong Kong
The move for the ex-Liberty Mutual chief distribution officer was first reported by IAN in May.
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- August 10 2022
FWD GI’s improved COR could be impacted by higher IT spend: Fitch Ratings
The Hong Kong P&C player is gradually exiting group medical business.
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- August 10 2022
Seoul flooding leaves Korean P&C players facing thousands of claims: report
Insurers including Samsung Fire & Marine and DB Insurance said the damages amount to several billion won.
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- August 9 2022
Japan and India drive up Munich Re’s 1.4 renewals
H1 operating profits down 34% on Australian flood hit and poor investment returns.
