Country: East Asia Page 90 / 211
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- July 14 2021
Global Atlantic inks US$4.8bn Axa China/HK reinsurance deal
This is the US annuity and life (re)insurance player's first venture in the APAC region.
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- July 13 2021
Sichuan floods to cause ‘surge’ in commercial property, motor claims
Crawford's Hong Kong manager tells IAN ongoing floods could lead to complete motor vehicle losses.
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- July 13 2021
Olympics’ spectator ban to cost reinsurers US$300–400m: Fitch
Reinsurers to pay for ticket and hospitality refunds after a state of emergency was declared in Tokyo.
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- July 12 2021
DB Insurance improves underwriting as motor losses decrease
South Korean P&C player saw premium hikes and fewer accidents during Covid lockdown.
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- July 9 2021
China’s Aon/WTW approval highlights a wide-open market
The antitrust regulator's ambivalence highlights a huge opportunity for foreign brokers.
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- July 9 2021
Hong Kong’s trade credit insurer sees claims fall US$64m
The government body posted an underwriting profit of US$3m.
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- July 7 2021
China premium growth slows in first 5 months of 2021
Changes to critical illness cover was one of the primary drivers, analyst tells IAN.
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- July 5 2021
Why Hong Kong will beat Singapore in ILS race
Chinese risks have an obvious home in the Special Administrative Region.
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- July 2 2021
ZYIC taps Qianhai Re and AnHua for XOL cover
Insurer tells IAN reinsurance expenses increased in 2020 to deal with agri-cat risk.
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- July 1 2021
CMI sees growth in marine, property and liability lines
The P&C player's accident segment was the only line to record lower GWP last year.
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- June 30 2021
AIA bets big on red with China Post Life stake
The Hong Kong firm became China’s only wholly foreign owned life insurer last year.
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- June 29 2021
Peak Re hires from Swiss Re for senior VP Europe role
Karlheinz Render will start on August 1 and be based in Zurich.
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- June 28 2021
South Korea’s Coupang eyes US$300m claim over logistics centre fire
Korean Re, DB, KB, Lotte and Heungkuk F&M are the insurers involved.
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- June 28 2021
Chaucer, China Re launch BRI consortium
The new Lloyd's venture will initially underwrite political violence risks.
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- June 25 2021
PICC Hong Kong to continue reinsurance dependence
AM Best report notes the insurer's inward reinsurance premium was around US$155m in 2020 -- an increase of 11.7% over the previous year.
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- June 25 2021
Japan, US insurance regulators discuss climate and Covid
The Insurance Regulatory Dialogue brings together regulators from the FSA and NAIC.
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- June 24 2021
Zurich handed Hong Kong life licence
The new structure is overseen by chief executive Geoffrey Au.
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- June 23 2021
Japan P&C insurers grow overseas premiums
But Tokio Marine, MS&AD and Sompo still reported weaker international profits.
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- June 23 2021
CBIRC to increase oversight of insurance execs’ qualifications
The new regulations will come into force on July 1, 2021.
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- June 22 2021
China Re’s Hong Kong unit ‘strategic’ to wider group
AM Best upgrade comes after a US$258m capital injection from China Re Life.
