Country: Philippines Page 6 / 17
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- January 3 2022
Tokio Marine appoints Asia CEO
Masahito Hirai has switched from the firm's Malaysia operations to be based in Singapore.
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- December 31 2021
Philippine broker premiums hit US$1.44bn in 2020
Aon topped the list placing around US$260m in premiums followed by Marsh, BDO Insurance and Lockton.
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- December 21 2021
Philippine regulator urges insurers to fast-track Typhoon Rai claims
Insurance Commission head Dennis Funa says there has been widespread damage from landslides and flooding.
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- November 12 2021
Insurtechs take on catastrophe protection
Tackling Asia’s US$134bn protection gap requires innovative approaches.
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- November 1 2021
Charles Taylor inks agreement with Philippines loss adjuster
The newly agreed partnership with Senon Insurance Adjusters will expand the global player's regional presence.
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- October 15 2021
Asia’s combined September economic losses exceed US$30bn: Aon
The region was hit by a series of powerful storms and two earthquakes.
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- September 1 2021
South-East Asia’s reinsurers face underwriting challenge
Certain claims are down but pricing remains insufficient to improve profitability.
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- August 31 2021
Philippines premiums up double-digits in Q1: report
Life market as well as engineering, casualty and health premiums showed significant growth.
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- August 17 2021
Nat Re facing adverse business conditions: Phil Ratings
Rating agency says the firm still enjoys a "unique advantage" as it is entitled to 10% of all outward reinsurance from domestic insurers.
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- July 19 2021
Malayan reliant on reinsurance to write large property risks: AM Best
The largest Philippine P&C player had GWP of US$280m in 2020.
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- June 29 2021
Chubb appoints new Philippines’ country president
Mari Rachelle Canta to replace Peter van Ratingen, who is set to lead consumer lines in Australia/NZ.
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- June 24 2021
Nat Re’s domestic non-life GWP hits US$20m
CEO Allan Santos tells AGM the company is eyeing partnerships with foreign reinsurers.
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- June 15 2021
Philippine insurance authority seeks comment on agriculture PPP
Insurers would need to reinsure a minimum of 10% of the risk with Nat Re.
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- June 14 2021
Nat Re underwriting profits rise on lower non-life losses
AM Best report notes the reinsurer maintains a moderate dependence on retrocession.
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- June 1 2021
Chaucer eyes South-East Asia renewables market
The specialty Lloyd’s player is at work on a US$100m onshore renewable energy construction facility.
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- May 28 2021
Chubb makes four APAC leadership appointments
Regional vice president Glen Browne to oversee A&H and personal lines across Asia Pacific.
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- May 27 2021
Philippines’ insurers paid US$80m in Covid-related claims in 2020
Insurance Commission survey reveals almost one-third of payouts went to death benefits.
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- May 10 2021
Asian Re’s loss ratio deteriorates as cat losses bite: AM Best
Underwriting results remain volatile with Asian Re's five-year average COR exceeding 125%.
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- April 28 2021
Philippines premiums down double-digits
Analysis of regulator data shows non-life premiums down 24% in 2020.
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- April 26 2021
Asean’s climate exposure a call to action for insurers
Higher claims expected from secondary perils such as droughts and torrential rainfall.
