News Page 113 / 1030
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- August 2 2024
Delta Underwriting promotes Sharna Garbett to senior claims handler
Garbett will lead the MGA's claims function in Singapore with Daniel Khoo supporting her on claims administration.
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- August 2 2024
Miller expands professional and financial risks team with Lockton hire
Singapore-based Mandy Ng joins the specialist broker as it looks to expand its offering in Asia.
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- August 2 2024
China United Property Insurance removed from negative rating watch, downgraded: Fitch
The rating action is due to potential reduction in support from parent China Orient Asset Management and the insurer's weakening capital strength, the rating agency said.
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- August 1 2024
Fitch reviews Suncorp’s negative rating watch on impact from bank sale
The completed bank sale will allow Suncorp Group to focus on its core non-life insurance operation and support the insurer’s business profile over time.
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- August 1 2024
Marsh promotes Chris McDermott to Pacific head of specialty
Sydney-based McDermott was most recently Pacific head of private equity and M&A services (PEMA) for the broker.
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- August 1 2024
Munich Re’s Ajeet Phatak takes over as CEO for Korea
Phatak, who was previously head of client management for Munich Re Japan, was appointed in the new role following a wider regional leadership reshuffle earlier this year.
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- August 1 2024
Axa Philippines elevates Ayman Kandil to CEO and president
Kandil, who was chief distribution officer for the carrier in Manila, will take on the new role in October replacing Bernardo Serrano, who will be transitioning to a new role within the group by end-September.
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- August 1 2024
Kiwi insurers settle 96% of US$2.3bn in claims from Cyclone Gabrielle and Auckland flooding: ICNZ
As of June 1, carriers have settled 112,746, of 118,037 claims valued and have so far paid out US$1.85bn (82%) for both events, with residential house claims at 96%, while contents and motor were 99% and 98% fully settled, respectively.
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- July 31 2024
APAC and Africa account for 33% of US$120bn global nat cat losses: Munich Re
The costliest natural disaster in the first half of the year is the Noto earthquake in Japan that amounted to an estimated US$10bn in losses.
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- July 31 2024
Samsung Re appoints Nitin Talwalkar as chief executive to steer regional expansion
With his appointment, the Singapore reinsurance arm of Korean insurer Samsung Fire & Marine is targeting expansion of its offerings across Asia Pacific.
