Country: Global Page 21 / 53
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- December 7 2022
China Taiping UK completes transfer of EU book to Darag
The legacy decision was taken as a result of the UK's decision to the EU.
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- November 30 2022
AM Best sees decline in available reinsurance capital by year-end, outlook remains stable
Pricing is likely to further harden by end of the year and it could impact 2023 renewals, the rating agency said.
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- November 30 2022
SMBC Aviation starts litigation against 11 insurers over jets in Russia
The Japanese lessor, which had recognised a US$1.6bn impairment this year, has filed a suit in the Irish High Court seeking claims for its 34 planes.
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- November 29 2022
QBE’s underwriting profitability likely to moderate: Fitch Ratings
The Australian giant improved its combined ratio to 82% in H1 2022, but inflation and reinsurance costs are increasing.
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- November 23 2022
Ardonagh snaps up Australia’s Envest for US$320m
The Brisbane-based firm, which owns broker consolidator the Aviso Group, will continue to be led by Greg Mullins and trade under the same brand.
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- November 21 2022
QBE ups FY 2022 nat cat estimate by US$98m
The new figure is US$1.06bn as 'elevated catastrophe activity' continued in H2.
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- November 15 2022
BOC Aviation files suit in Irish High Court against 16 insurers
The aircraft leasing firm filed insurance claims in August after a US$804m write-down on 17 aircraft grounded in Russia following sanctions.
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- November 8 2022
PSC confirms trio of acquisitions as Hong Kong revenue climbs to US$4.5m
The group is spending US$14m on Hong Kong's Charter-Union Insurance Brokers, Ensurance UK and Australia's Trade Credit Risk.
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- November 3 2022
SiriusPoint closes Singapore office; Monica Cramér Manhem set to retire
Amid a restructure, the president of international reinsurance and SiriusPoint International CEO will help find a successor.
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- November 2 2022
Nexus seals MGA deal, eyes APAC expansion
Spectrum Risk Management focuses on marine and property (re)insurance in Asia Pacific and MENA.
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- November 2 2022
Cover Genius raises US$70m in fresh funding round
The insurtech wants to invest in its global distribution platform XCover.
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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 29 2022
Axa XL charges up APAC, Europe energy team with Scor hire
Olivier Croese will join the Paris office as product leader for energy and construction.
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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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- September 13 2022
Opinion: Japanese majors swept up in Lloyd’s legacy zeitgeist
RiverStone’s run-off acquisition of Sompo's Endurance at Lloyd’s marks the end of an era.
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- September 6 2022
Rising litigation funding drives higher claims costs in Australia
Social inflation remains far harder to predict than economic inflation.
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- September 1 2022
Exclusive: AMTD Digital’s claims of Singapore insurer license bid unfounded
IAN understands that contrary to AMTD's US regulatory filing the Singapore regulator hasn't received any formal application from the proposed composite Applaud.
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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%.
