Country: Global Page 16 / 55
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- November 21 2023
NorthStandard to increase its P&I and FD&D premiums in 2024-25
The club will apply 5% general increase to its premiums from February 2024 for the 2024-25 policy year to represent "a responsible approach to underwriting at a time of persistent shipping market uncertainties".
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- November 17 2023
MS Amlin turns around underwriting performance with 91.6% COR
The Japanese insurance group's overseas business saw its net premiums for the first six months grow 45% year-on-year to US$4bn.
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- November 16 2023
Lloyd’s, Marsh team up for US$50m Ukraine grain shipments cover program: report
The program could make it easier for shipowners to get cover to transport goods across Black Sea, which has been affted by Russia’s formal withdrawal from the UN-brokered grain corridor deal in July.
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- November 15 2023
KB Insurance completes US$100m loss portfolio transfer deal with Swiss Re
With the Howden Tiger arranged deal, the Korean carrier will transfer its US commercial multiperil and workers’ compensation lines' net loss and unearned premium reserves to the reinsurer as part of the insurer's US branch wind down plan.
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- November 14 2023
Canopius’ Mark Newman to take charge as UK CEO
The (re)insurer's APAC chief executive will assume his new role on January 1, 2024.
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- November 8 2023
Marsh promotes John Donnelly from APAC to global head of placement
Sydney-based Donnelly will relocate to London and start at his new role on January 1, 2024.
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- November 2 2023
AUB-owned Tysers to settle US Department of Justice probe for US$47m
The matter related to Integro Insurance Brokers and the conduct of business in Ecuador between 2013 and 2017.
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- October 25 2023
Philippe Bouchet returns to Axa XL as head of art expertise, APAC & Europe
After leaving the carrier in 2021, Paris-based Bouchet rejoins to support the implementation of fine art and private clients strategy in Europe, Asia and Australia, in close partnership with regional and local underwriting and distribution teams.
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- October 24 2023
Vesttoo creditors seek to liquidate company and terminate all employees
The troubled insurtech, which the creditors' motion said is "viewed as the Madoff of insurance", is to file a response and expects the Bankruptcy Court to rule in November.
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- October 23 2023
Strait of Hormuz in spotlight as Middle East war risks rise
With a huge amount of oil and gas passing through the strait everyday, Asia's marine (re)insurance market on high alert as regional tensions escalate and premiums rise.
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- October 23 2023
HDI Global appoints Cristiano Pizzocheri as head of market management
Pizzocheri was most recently chief strategy and digital officer for Ergo Insurance Singapore.
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- October 18 2023
Bolttech mulling US$300m US listing: report
The Singaporean insurtech is in talks with investment banks for the potential share sale, which may take place as soon as next year, according to Bloomberg.
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- October 17 2023
Howden launches climate parametrics division
The unit has over 30 people from across climate, analytics and advisory, structuring and placement, (re)insurance, underwriting and capital markets.
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- October 16 2023
Howden secures US$608m of Lloyd’s capacity for MGA tech startups
Howden Ventures has capacity provided by Lloyd’s underwriters, including Tokio Marine Kiln, Chaucer and Liberty Specialty Markets.
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- October 13 2023
Asian aviation, marine markets react to war risk peril as Israel conflict breaks out
A senior market source tells IAN that airlines are unlikely to be able to gain cover as Israeli government steps in with US$6bn to support home carriers.
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- October 11 2023
Everest ropes in Chubb veteran Stuart Kerr as head of international casualty
Kerr was most recently head of P&C Thailand and head of casualty Asia for the American insurance major.
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- October 11 2023
Allianz Partners, boltech tie-up for device and appliance insurance
Customers in Asia Pacific and the US will be able to purchase protection at the point of need for a range of household products, including mobile and digital devices, and household appliances.
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- October 6 2023
Steadfast expands into the US with US$55m broker agency buy
The Australian broker has bought the ISU Group, which has 239 independent members across 43 US states controlling more than US$6.5bn in premiums.
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- October 5 2023
Peak Re scripts a turnaround with H1 profit of US$160m
The Hong Kong reinsurer posted a COR of 82.2% as against 108.4% a year ago.
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- October 3 2023
SMBC Aviation receives US$710m insurance settlement for jets stranded in Russia
The Japanese lessor had commenced litigation in the Irish courts late last year against 11 insurers over its 34 aircraft stuck in Russia following European sanctions.
