Country: Malaysia Page 1 / 22
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- September 3 2024
Port congestion cover demand surges as geopolitical tensions lead to Asian terminals overload
As Red Sea attacks continue, the blockages in Singapore and Malaysia’s Port Klang and Tanjung Pelepas has led to supply chain disruptions, with nat cats making the regional risk landscape more complex.
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- August 28 2024
Tune Protect H1 2024 insurance revenue drops 15.2% to US$43.7m
Its COR deteriorated to 107.5% versus 95.4% in H1 2023 due to the higher net incurred claims and attributable expenses.
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- August 22 2024
Crawford Malaysia names Kuppusamy as personal accident, fraud investigation team head
Murugan Kuppusamy brings 15 years of experience across personal accident, bodily injury, investigations, fraud detection, theft and motor claims to the team.
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- July 29 2024
Tune Protect CFO How Kim Lian to succeed Rohit Nambiar as group CEO
The Malaysian general insurer has also hired Pacific Insurance's Teoh Kek Pin as its new chief financial officer.
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- July 23 2024
Indian and Malaysian carriers keen to transform claims and underwriting approaches
The two fast-growing markets illustrate how insurers can ride on regulatory changes and innovative approaches to navigate challenges and capitalise on opportunities.
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- July 17 2024
Malaysian Re proposes new global climate models in assessing South-East Asia climate risk
The company's most recent report suggests that newer climate models, which acknowledge global warming, may be more effective in predicting climate losses than legacy models that only rely on historical weather data.
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- July 2 2024
Koo Kang Wuu joins Munich Re Syndicate Labuan as managing director
With a background in direct and facultative (re)insurance, Koo will be responsible for driving specialty insurance growth in Malaysia.
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- June 24 2024
Singapore oil spill losses set to rise as slick hits Malaysian waters
Malaysian authorities confirmed oil slick sightings at Sungai Rengit and Teluk Ramunia in Johor; while Singapore said it will seek compensation from owners of British Marine-insured Marine Honor.
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- June 14 2024
Malaysian Re and Pacific Life Re extend MoU on family retakaful market
Both companies aim to unlock new possibilities through the renewal of MoU on shariah-compliant life insurance solutions.
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- June 4 2024
Zurich Malaysia promotes Nur Fatihah Mustafa to family takaful CEO
Kuala Lumpur-based Mustafa, who was most recently Zurich's head of family takaful strategy planning, becomes the first female CEO to lead a takaful operator in Malaysia.
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- May 10 2024
Great Eastern owner OCBC makes US$1bn take-private offer
The offer for the outstanding 11.56% values the Singaporean insurer at US$8.9bn, which represents a 37% premium over the insurers last traded price.
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- May 9 2024
Malaysian Re FY 2024 GWP tops US$500m; parent achieves record net profit
The Asean reinsurer reported a combined ratio of 95.5% and its post-tax profit grew 146% in the latest financial year.
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- May 6 2024
Asian insurance pricing moderates across lines but Japan, Taiwan, Philippines buck the trend: Marsh
Japan was the only Asian country that saw price increases in all lines of business, other cat-exposed markets like Taiwan, Philippines and Indonesia saw strong hikes in property classes but saw varying trends in other lines.
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- April 5 2024
Tune Protect Group CEO Rohit Nambiar steps down
Nambiar, who has been the CEO of the Malaysian insurer for more than three years, will remain in office till May 10.
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- March 25 2024
Sedgwick names Crawford’s Erwin Yu to lead Malaysia TPA operations
In his new role, Yu will lead the local operations performance and oversee third-party administration, focusing on claims management and operational initiatives.
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- March 25 2024
WTW hires Tim Dempsey to head Asia sales for corporate risk and broking business
Kuala Lumpur-based Dempsey, who joins from Aon, will collaborate with client management teams across the region to drive sales and support business growth.
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- March 21 2024
Malaysia’s general insurance, takaful funds 2023H2 operating profits up 46%
Higher premium growth in the motor segment and continued improvements in risk-based pricing have bolstered the sector's H2 operating profit. But for full year of 2023, operating profits rose by just 3.2% year-on-year.
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- March 5 2024
Cyber, marine cargo and property to drive Singapore wholesale market in 2024: Howden
Claims inflation, war/conflict and talent are the three factors most likely to impact the market in the coming year, according to the broker's survey of insurers in Singapore and Malaysia.
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- March 1 2024
Aon shakes up Asia leadership with three expanded regional roles
Singapore CEO Andrew Minnitt has been put in charge of Singapore, Malaysia and Indonesia, while the Philippines head Darren Oliver will lead the Philippines, Thailand and Vietnam and commercial risk solutions head Tracy-Lee Kus will take charge as head of Japan and Korea.
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- February 27 2024
Allianz Malaysia’s 2023 non-life GWP up 13.1% on higher motor premium
Profit before tax for the general business rose 7.9% to US$116.4 million, while COR edged up to 85.7%.
