Country: East Asia Page 9 / 213
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- February 27 2025
Swiss Re CorSo unveils market units structure, names Robert Hunziker Asia head
Kevin Bates has been designated market unit head for Australia and New Zealand with the new organisational structure set to roll out from June 1.
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- February 27 2025
Hong Kong’s Nova Insurance H1 FY25 revenue up 8.3% to US$8.1m
Broker expects to record 'very substantial growth' in H2, as revenue from the purchase of Beijing Nova Insurance Services will be counted.
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- February 27 2025
Exclusive: Circles Group hands Julie Quach, Kenneth Tan expanded roles as Asia co-regional directors
Quach is in the process of being appointed Hong Kong responsible officer, while Tan has assumed the role of responsible officer for Singapore.
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- February 27 2025
First for APAC as Canopius backs Qubit on digital asset offering
The Hong Kong-based crypto specialist MGA has been approved as a Lloyd's coverholder to distribute digital assets insurance in Asia Pacific.
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- February 26 2025
Insurance Authority welcomes ILS pilot grant scheme extension in Hong Kong budget
Government extends scheme for insurance-linked securities (ILS) for three years, following 'favourable' response, Financial Secretary Paul Chan says.
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- February 24 2025
Sompo reshuffles APAC commercial lines team in Singapore, Hong Kong
Kelly Koh, Victoria Soo and Szeto Ophelia will be 'instrumental in driving their respective lines of business across the region', according to the carrier.
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- February 21 2025
Hyundai Insurance’s FY24 underwriting income slumps 22% to US$245m
Commercial business' underwriting income more than doubles, while long-term lines grow by 247.6%.
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- February 21 2025
DB Insurance underwriting profit up 4.5% to US$1.1bn
Underwriting profit went up only because of the commercial line performance that saw a US$71m profit compared with US$85m loss last year.
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- February 21 2025
Samsung Fire & Marine’s expects ‘no impact’ on profits, capital after rejig: report
Samsung Life is seeking to make the South Korean non-life insurer its subsidiary and clarified that it has no plans to expand its holdings.
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- February 19 2025
Tokio Marine Holdings promotes 2 vice president directors amid vast reshuffle
Senior managing directors Kenji Okada and Kichiichiro Yamamoto will take up their new roles as of April 1.
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- February 18 2025
AIG Japan in good stead with robust capitalisation, liquidity: S&P Global
Rating agency upgrades outlook from stable to positive, while affirming A+ rating.
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- February 17 2025
Seoul Guarantee scales down IPO valuation by 39% to US$1.5bn: reports
Korean surety and credit insurer reduces its expected offer price range to US$18-22 per share from US$27-36.
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- February 17 2025
Increasing costs, reduced profitability main challenge for SMEs in Hong Kong and Singapore: QBE
In Hong Kong, staff acquisition and retention and labour shortage is the second biggest concern for 50% of SMEs, while in Singapore, 56% of respondents are worried about sales growth and reduced customer spending.
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- February 17 2025
MS&AD accelerates, while Tokio Marine, Sompo see overseas topline growth moderate in Q3 FY24
MS&AD’s foreign subsidiaries grew NWP by a combined 25%, in contrast to the 1.2% growth posted by Tokio Marine’s international non-life businesses and 0.8% by Sompo’s overseas arms.
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- February 17 2025
Tokio Marine’s underwriting profitability to improve on steady rate hikes: Fitch
Fitch Ratings also affirms insurer financial strength rating of AA- (very strong), with a stable outlook.
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- February 14 2025
Sompo restructures into global P&C, wellbeing segments
James Shea will lead global P&C business; with APAC CEO Kenneth Reilly handed additional role as deputy president Sompo Japan.
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- February 14 2025
Tokio Marine’s international P&C profit up 14.2% to US$2.2bn in Q3 FY24
Strong underwriting performance in key international entities and increases in investment income in North America contributed to the growth.
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- February 14 2025
MS&AD group profits up 137% to US$4bn on strong overseas growth
Group's overseas profits nearly doubled to top US$1bn due to lower nat cat losses and favourable investment income.
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- February 14 2025
Sompo’s domestic P&C falls 39% in adjusted profit to US$299m in Q3 FY24
Drop attributed to a rise in accident rates and unit repair costs in motor and the impact of increased company expenses due to upfront investment, offset by base profit improvement in fire.
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- February 14 2025
MS Amlin’s COR for 9M FY24 at 88.8%, reports US$163.5m underwriting profit
MS&AD-owned specialty (re)insurer reports continued growth since turnaround a year ago, posting NWP of US$1.4bn.
