Country: East Asia Page 94 / 215
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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.
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- June 18 2021
CBIRC drafts rules to constrain shareholder behaviour
The rules seek to improve governance and strengthen supervision at banks and insurers.
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- June 17 2021
FWD files IPO registration in US
Report suggests the Hong Kong-headquartered insurer could raise up to US$3bn by end of 2021.
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- June 16 2021
Credit Suisse prepares Greensill claims–report
A Tokio Marine subsidiary provided the trade credit insurance for the bankrupt supply chain finance firm.
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- June 16 2021
Kakao Pay handed digital insurance licence by FSC
The South Korea digital giant is eyeing a H1 2022 launch subject to final regulatory approval.
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- June 16 2021
Hyundai Marine & Fire underwriting improves on lower motor losses
Reduced auto claims due to a Covid-19 lockdown helped to boost performance.
