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- March 17 2023
Opinion: Lloyd’s investment losses flag risks for Asian (re)insurers
The US$3.6bn hole in the market's 2022 results and current banking turmoil show the need for carriers to revisit their portfolios and reassure investors.
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- March 14 2023
PSC Insurance acquires two UK businesses for US$15m
The acquisitions of a MGA and a retail broker are expected to add up to US$4.7m to PSC's top-line.
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- March 14 2023
Asian insurers lag global peers as IFRS 17 kicks in
With traditional accounting measures such as GWP and NWP being phased out, there are numerous reporting challenges to overcome.
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- March 13 2023
Allianz to merge AGCS and mid-market units under Allianz Commercial
Joachim Mueller will lead the new global commercial division and Dirk Vogler has been appointed chief midcorp transformation officer.
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- March 9 2023
Minesh Jani to lead Howden Tiger’s India operations
Jani’s mandate is to expand treaty, retrocessional and specialty reinsurance solutions in Middle East, Africa and India.
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- March 3 2023
Saga calls off Acromas sale talks with Australia’s Open
The Sydney-based digital insurer was reportedly leading the race for the UK insurance group's personal lines underwriting arm.
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- March 2 2023
Scor’s combined ratio deteriorates to 113.2%, GWP climbs 4.9% to US$21bn
The French reinsurer's 2023 estimated gross premium income from Asian emerging markets is down to 10% from 12% last year.
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- March 1 2023
MS&AD CEO’s talks of selling overseas units puts MS Amlin in spotlight
The Japanese giant's chief executive Noriyuki Hara told Nikkei that the firm is considering withdrawal from some five locations where ROE is less than 6%.
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- February 24 2023
Axa continues pivot from nat cat reinsurance
Axa XL's property cat premiums fell 36% in FY 2022, while the French giant saw Asia P&C profits rise 34% to US$109m.
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- February 23 2023
Axa XL appoints APAC broker and distribution leader, names China property head
Winston Zhuo joins in Shanghai from Allianz, while Carlson Grote has switched to distribution from client management.
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- February 20 2023
Swiss Re’s 1.1 Asia renewals grow 35%
The global reinsurer benefited from the expansion of property and motor lines in the region, in addition to rate increases.
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- February 17 2023
Swiss Re’s P&C Re COR slips to 102.4%, group sees 67% profit fall to US$472m
In FY 2022, the Swiss global carrier was hit by high inflation and large nat cats, including floods in Australia, but saw strong 1.1 2023 renewals.
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- February 17 2023
Enstar signs US$1.9bn LPT deal with QBE
The loss portfolio transfer includes international and North America financial lines.
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- February 15 2023
Marsh McLennan promotes Renée McGowan to India/MENA CEO
The new role for the Mercer president of Asia, Middle East and Africa is part of a series of regional appointments at the broking group.
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- February 15 2023
Ramon International elevates Lee Ellis to chief strategy officer
London-based Ellis will assume board roles across international operations of the Lloyd's broker, which entered Asia last year through the acquisition of CKI Korea.
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- February 10 2023
Axa XL promotes Shiwei Jin to APAC & Europe head of global programmes
Based in Hong Kong, Jin will oversee global programme strategy for the (re)insurer's multinational clients in Asia, Australia and Europe.
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- February 9 2023
French consortium to acquire CCR Re majority interest
New owners will infuse US$215m in fresh capital into the reinsurer, which derives around 25% of its premium income from Asia.
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- February 2 2023
Swiss Re’s Paul Murray handed global L&H role with Urs Baertschi to head P&C in restructure
Regional president roles, including Murray's APAC and Baertschi's EMEA positions, will not exist from April as reinsurance business splits into global P&C and L&H divisions.
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- February 2 2023
Scor’s APAC leadership faces 1.4 renewals test after Laurent Rousseau exit
The French reinsurer will be looking to capitalise on last year's growth with new CEO Thierry Léger starting in May.
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- January 27 2023
Japan’s carriers support marine war market as deadline looms
(Re)insurers could see a potential US$1bn loss in February for policies connected to stranded ships.
