Country: Hong Kong Page 22 / 66
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- October 16 2022
Peak Re’s outlook revised to negative by AM Best
Despite contagion risks from the Fosun ownership, the reinsurer's standalone business fundamental remains stable, said the rating report affirming its A- credit rating.
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- October 12 2022
China Merchants’ carve-out to create more agile P&C carrier
A combination of CMB Wing Lung Insurance and China Merchants Insurance will create a top-20 player with US$140m-plus GWP.
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- October 6 2022
Despite HK’s re-emergence, data shows Singapore pulling away in P&C race
While Singapore's GWP grew 14.25% in 2021, Hong Kong's annual growth was only 2.9%.
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- October 3 2022
Hong Kong GI underwriting profits plunged 42% in 2021: HKIA
The reinsurance business' results grew 38% last year driven by a turn around in the proportional treaty business.
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- September 29 2022
China Merchants Bank consolidates Hong Kong GI businesses
CMB Wing Lung Insurance to merge with China Merchants Insurance in an all-stock deal.
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- September 27 2022
Rising D&O claims in Hong Kong may spur market correction
The 'ever-present' US class actions risk piling pressure on policies written for dual-listed companies.
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- September 27 2022
Taiping Re continues Asia expansion: AM Best
The Hong Kong reinsurer is expanding beyond its core market of Greater China.
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- September 26 2022
Hong Kong High Court orders wind-up of Target Insurance
All the in-force policies issued by the taxi insurer are unaffected by the winding-up order, the HKIA said.
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- September 26 2022
Generali picks new Hong Kong CEO: sources
IAN understands the replacement for Davide Glavina, who left the company after a few months into the role, is awaiting regulatory approval.
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- September 23 2022
CTX Special Risks, Cosco Shipping captive join global marine climate group PPMI
The Poseidon Principles of Marine Insurance is a framework to incentivise shipping decarbonisation by disclosing the 'climate alignment' of hull and machinery portfolios.
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- September 22 2022
Well Link’s Thomas Lee doubles up as GI CEO
Well Link Life's chief executive aims to bring synergies across the HK firm's general and life units.
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- September 21 2022
Chubb in advanced talks for Hang Seng bancassurance deal: report
The Hong Kong bank is seeking a new partner after its 10-year exclusive deal with QBE expired earlier this year.
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- September 19 2022
Asian ILS market to thrive as investors seek diversification
Multiple deals in the pipeline with Singapore and Hong Kong continuing policy support for alternative markets.
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- September 19 2022
Chenwei Li to head Peak Re’s structured solutions
He will also co-head the life and health business and report to chief executive Franz Josef Hahn.
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- September 16 2022
Why Fosun’s divestment plan may exclude Peak Re
Non-core divestitures are unlikely to change the controlling interest of core insurance units like the Hong Kong reinsurer and Fosun Insurance Portugal.
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- September 14 2022
Lloyd’s crypto coverholder Evertas enters Hong Kong and Australia
The Chicago-based company uses capacity from Arch Insurance to offer cover against theft or loss of blockchain assets.
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- September 14 2022
FWD refiles for Hong Kong IPO
Stock exchange filing revealed that H1 new business reached US$405m, up 25% year-on-year.
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- September 13 2022
Allianz Trade promotes two execs to APAC roles
Malgorzata Cybulska-Dusson joins as regional head of claims & collection and Amol Zambre as regional head of information & grading.
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- September 8 2022
FWD postpones Hong Kong IPO until 2023: report
It is understood that the long-awaited fundraising has been suspended yet again.
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- September 7 2022
Atele Toma to lead Allied World’s APAC A&H underwriting
Former Arch underwriter will oversee the business across Singapore, Hong Kong and Australia.
