Country: Global Page 6 / 37
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- May 5 2023
Swiss Re Asia 1.4 renewal premiums grow 25%
The reinsurer booked US$171m in New Zealand Q1 cat losses, says "a continuation of related costs seems unlikely at the moment'.
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- May 5 2023
Frontier launches fac broker with ‘big Australia focus’
The wholesale broker will focus on finding capacity for hard-to-place risks such as crypto, cannabis, cyber and tech PI.
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- April 28 2023
AUB and PSC delay Tysers retail JV deal again
Commercial terms are expected to be finalised in the coming weeks delaying the start date of May 1.
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- April 25 2023
Net-zero alliance’s existential dilemma
As Munich Re, Zurich and Hannover Re leave the NZIA, in part due to US antitrust concerns, Asian carriers have more flexibility with a lack of opposition to ESG investments in the region.
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- April 24 2023
QBE appoints Serene Davis as global head of cyber
Davis was previously with Beazley as regional manager of the West and head of the Los Angeles office.
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- April 21 2023
QBE to maintain high-single digit growth in 2023 with a 93.5% COR target: Fitch
Fitch’s CreditSights has re-initiated coverage on QBE Group Insurance with a ‘market perform’ recommendation.
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- April 20 2023
Hannover Re becomes third major to leave Net-Zero Insurance Alliance
The reinsurer has joined Munich Re and Zurich in quitting the global climate group but hasn't given a specific reason.
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- April 17 2023
Shipowners’ Club insures Singapore ship likely taken over by pirates
The ship, Success 9, has since been located off the Ivory Coast with all crew safe.
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- April 6 2023
Zurich quits climate alliance after Munich Re exit
Zurich says it remains 'fully committed . . . to supporting the net-zero transition'.
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- April 4 2023
Oneglobal promotes David Lum to Asia chairman, Sirikit Oh to Asia CEO
Lum was most recently the specialty broker's Singapore chairman, with Oh as Singapore chief executive. The appointments come amid a wider leadership shake-up.
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- April 3 2023
Munich Re quits net-zero alliance citing antitrust risks
The reinsurer claims it will pursue its own climate targets focusing on reducing greenhouse gas emissions.
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- March 31 2023
Chaucer results bolster China Re amid difficult year
The Lloyd's specialty player's COR at 92.99% in FY 2022 while the group's P&C reinsurance arm saw profits fall 55.5%.
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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
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 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 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.
