Country: Global Page 8 / 52
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- May 22 2024
Diot-Siaci to buy majority stake in Indian broker Unilight
The agreement is expected to strengthen Diot-Siaci's presence in Asia and allow the European broker to participate in the expansion of the Indian insurance market.
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- May 21 2024
Temasek, Warburg Pincus team up to acquire broker Specialist Risk Group
The deal is reportedly aimed at helping the London broker to expand internationally, including in Asia.
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- May 20 2024
MS Reinsurance swings to US$366m profit in 2023
The firm’s combined ratio improved to 90.5% from 98% in 2022, GWP for the period topped US$3bn.
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- May 17 2024
Axa XL elevates Robert Riha to chief client and distribution officer for APAC and Europe
Riha will relocate from Singapore to Dublin and lead the company’s broker engagement and marketing activities.
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- May 16 2024
Swiss Re to exit unprofitable digital white-label platform iptiQ
The reinsurer's Asia premiums grew 5% to US$3.5bn year-to-date from renewals; books US$100m losses from Baltimore Bridge collapse.
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- May 16 2024
Swiss Re China head Ivan Gonzalez appointed CorSo global CEO
Gonzalez will succeed Andreas Berger, the incoming group CEO, effective July 1 and relocate to Zurich. He will be succeeded by Beat Strebel, currently the market unit head for Middle East & Africa.
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- May 16 2024
Cyber attacks top business risk for financial institutions: Aon
Failure to attract and retain top talent, which is now at eighth position, is expected to rise to third place as a future risk, according to a survey by the broker.
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- May 16 2024
UN climate alliance’s second try takes consultative, multi-industry approach
The newly formed Forum for Insurance Transformation comprises (re)insurers, brokers, law firms, regulators, scientists and climate experts to drive net-zero transformation.
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- May 14 2024
Hannover Re books US$40m losses from Japan’s Noto earthquake, plane crash
The twin events in Japan accounted for 10% of the reinsurer's large loss budget for the first quarter.
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- May 10 2024
China Construction Bank sued over Vesttoo fraud charges in US court
US company Porch accused the Chinese bank of enabling a “massive fraud” that caused “monumental losses” for the company, in a complaint filed to a New York court.
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- May 10 2024
US carbon credit carrier Oka expands to Australia through partnership with Clima
The partnership will be brokered by PSC Paragon and will support clients' efforts to meet net zero targets and enter voluntary carbon market through climate disclosure and decarbonisation.
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- May 9 2024
Lexasure-owned Front Street Re appoints Edison Fong as CEO
New York-based Fong joins from reinsurer Converge Re, where he was a director focusing on reinsurance in life and annuities markets in the US.
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- May 9 2024
Red Sea crisis has created new breed of maritime risks: Howden’s Morley
The broker's dedicated war cargo cover, the first for an active conflict zone, has seen significant response from Asian cargo owners and manufacturers, associate director Ellis Morley tells IAN.
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- May 3 2024
Chubb set to pay US$350m in claims from collapsed Baltimore bridge: reports
The payment is expected to be authorised within weeks, the reports said quoting an executive from WTW, who was the broker on the policy.
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- May 2 2024
Peak Re reports best-ever net profit of US$200m in FY 2023, COR down to 87.3%
The Hong Kong carrier's reinsurance revenue saw a 14.6% year-on-year decline in FY 2023 at US$1.56 billion.
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- May 1 2024
Russian oil price cap ‘unenforceable’, says IG P&I
Over 800 tankers have left to join the so-called "shadow fleet", according to an International Group statement to a UK parliamentary hearing.
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- April 26 2024
Opinion: European regulator’s climate conundrum poses questions for South-East Asia’s risk mitigation
Excluding high-risk areas from coverage does not provide a viable solution, as all actors need to work together to address climate risk, including the P&C sector, governments and society.
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- April 25 2024
New UN-led climate forum launches with IAG, Singapore insurers as founding participants
The Net-Zero Insurance Alliance has been discontinued and the new forum will comprise 19 (re)insurers from Africa, Asia, Europe, Latin America and the Caribbean, North America, and Oceania.
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- April 25 2024
Dali general average claims will bring new pressures for the market: TT Club
With parts of the Francis Scott Key Bridge falling onto the vessel, those who are part of GA agreement will shoulder some liability for the costs of their removal, which is likely to add to the significant losses.
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- April 24 2024
Baltimore sues Dali shipowner, manager over bridge collapse
The suit alleges negligence on the part of the Singaporean owner Grace Ocean and Indian manager Synergy Marine in operating a "clearly unseaworthy" vessel.
