Country: Global Page 12 / 40
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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 10 2022
US$290tn investment gap to hit Paris climate targets: Swiss Re
Plugging the hole will require a ramp-up of climate spending to an estimated US$9.4tn on average every year till 2050.
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- September 30 2022
AUB wraps up Tysers acquisition
Tysers Bermuda buy deferred till regulatory approval.
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- September 28 2022
EMC exits reinsurance business
EMC Re, which lost US$2.1m from Japanese Typhoon Jebi in 2018, will cut 65 jobs from next year.
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- August 31 2022
China Re’s Chaucer ‘actively’ explores non-Lloyd’s market as H1 GWP up 20%
Net profit at the group's P&C reinsurance business dived 56.1%.
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- August 23 2022
Marsh’s new hydrogen facility will place Asia risks
The collaboration with AIG and Liberty provides US$300m cover per risk for construction and start-up phases.
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- August 19 2022
Credit Suisse arm files 18 Greensill-related claims totalling US$2.2bn
The asset manager has filed claims for "all insurable losses", according to document reviewed by IAN.
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- August 18 2022
Ardonagh H1 results bolstered by Australia and specialty business
Revenue contribution of specialty and international climbed to 44% after a string of acquisitions last year.
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- August 11 2022
QBE COR climbs to 94.1% as H1 profits slump 66%
US$840m in investment losses due to wider credit spreads and market volatility.
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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 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.
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- July 29 2022
Swiss Re returns to profit as Australia floods add to US$270m H1 nat cat miss
The group saw a Q2 net profit of US$405m, while P&C reinsurance H1 nat cat claims were US$938m.
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- July 29 2022
Analysts raise silicosis market concerns as IAG strengthens reserves
As claims related to the lung disease rise, the years ahead could prove tricky for Australia's casualty sector.
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- July 27 2022
Insurtech Cover Genius acquires Booking Protect for event expansion
The deal provides the capability to offer embedded ticketing cover for entertainment including in Japan and Australia.
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- July 25 2022
Ensurance sells UK operations to PSC to focus on Australian growth
Ensurance chief executive Tom Kent cited "immense" opportunities to grow in Australia.
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- July 5 2022
Peak Re’s net profit decreases 16% to US$73.2m as claims rise
Net incurred claims climbed to just over US$1.3bn.
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- June 30 2022
Sanctions could shift more marine premiums to Asia
The ongoing Ukraine conflict could see more hull and cargo underwriting activity transferred to the region.
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- June 29 2022
Acrisure Re signs India fac partnership with Mahindra Insurance Brokers
The deal will help Acrisure expand in India and Mahindra to access global markets.
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- June 17 2022
MS&AD joins Net-Zero Insurance Alliance
The UN initiative wants net-zero greenhouse emissions in underwriting portfolios by 2050.
