Country: Thailand Page 2 / 12
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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 26 2024
Allianz Asia Pacific’s property & casualty FY2023 operating profit up 26%
P&C contributed about one-fifth of the global insurer’s operating profit from the region, where operating profit rose 33%.
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- January 23 2024
Thai Re to improve underwriting results in 2024 with COR below 100%: Fitch
The rating agency has affirmed the reinsurer's rating at 'A-' (strong) with a stable outlook based on strong capitalisation, favourable company profile and expectation of steady earnings from FY 2024.
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- January 18 2024
Thailand’s insurance sector to grow to US$28.18bn by 2026: OIC
This would mean a 'significant jump' for the sector from the present US$25.3bn GWP as the industry is recovering from Covid-19 claims.
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- January 15 2024
Thailand’s Roojai acquires Indonesian online broker Lifepal
Following the deal, the two companies will jointly expand their product offerings, and online and offline distribution.
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- December 19 2023
Thai insurance regulator to give SMK 60 days to solve liquidity problems: report
The troubled non-life insurer is at risk of losing its licence, which could mean its liabilities, about US$860m now, will have to be covered by the OIC's US$40m General Insurance Fund.
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- December 18 2023
Thai carrier SMK barred from issuing new policies after bankruptcy court rejects rehabilitation plan
The country's bankruptcy court has asked the Covid-19-hit general insurer's management to resume responsibility and begin compensating the insureds.
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- November 8 2023
Clarion call for more granular data to address accumulation risk in Asean, South Asia
Aggregation of data lags behind growing risks in the region as manufacturing shifts to fast-growing economies like India and Vietnam.
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- October 27 2023
Portfolio rejig to benefit Starr International Insurance Thailand: AM Best
The rating agency has assigned an insurer rating of A- (excellent) with a stable outlook.
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- October 19 2023
QBE and MS First Capital withdraw Covid BI appeal against Thailand resort owner
Relax Beach, which owns Le Meridien Phuket Beach Resort, now stand to potentially receive millions of dollars in claims after it was forced to close in April 2020.
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- October 18 2023
Generali and UNDP partner to help bridge SME protection gap in Asia
A new framework will be hosted on an online platform offering advice on how businesses can protect their activity in the face of climate challenges.
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- October 11 2023
Everest ropes in Chubb veteran Stuart Kerr as head of international casualty
Kerr was most recently head of P&C Thailand and head of casualty Asia for the American insurance major.
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- October 5 2023
Thailand’s Rabbit Care Broker acquires local peer EasyCompare
BTS Group-owned business has added around 30,000 new customers through this acquisition to leverage its extensive product portfolio.
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- October 5 2023
Miller signs Thai energy partnership with Central Insurance Services
Central will offer local servicing and Miller will provide help with consulting, risk engineering, reinsurance placement and claims.
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- September 29 2023
Roojai’s South-East Asia M&A play to see GWP double
Group CEO Nicolas Faquet refocuses after snapping up DirectAsia from Hiscox this week, FWD General Insurance in Thailand in the summer and launching in Indonesia in 2022.
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- September 27 2023
Hiscox sells DirectAsia to Roojai parent Ignite Thailand
DirectAsia is primarily a motor insurer in Singapore and Thailand and had gross written premiums of US$52.5m in 2022.
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- September 11 2023
Chubb elevates Nelson Turk to Thailand head of P&C
In his new role, Bangkok-based Turk will lead the carrier's growing portfolio in the country.
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- August 30 2023
Starr International names Sean Chen as Singapore CEO
The experienced underwriter will report to APAC president Phil Finley who has relocated to Bangkok to oversee the firm's Thai operations.
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- August 22 2023
Aon confirms Qin Lu to lead mainland China, Hong Kong, Macau and Taiwan
Lu is overseeing risk and human capital and reinsurance, and will work with the broker's Greater China team which Aon describes as a 'sub-region' in APAC.
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- August 14 2023
Thai Re in H1 profit turnaround as COR registers 97.3%
The reinsurer reported a net profit of US$2.2m in the first six months after a loss of US$5.8m in H1 2022.
