News Page 113 / 911
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- October 23 2023
New India Assurance’s underwriting results remain constrained despite improving performance: AM Best
The rating agency has affirmed a financial strength rating of B++ (Good) for the Indian state-backed general insurer.
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- October 23 2023
Strait of Hormuz in spotlight as Middle East war risks rise
With a huge amount of oil and gas passing through the strait everyday, Asia's marine (re)insurance market on high alert as regional tensions escalate and premiums rise.
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- October 23 2023
HDI Global appoints Cristiano Pizzocheri as head of market management
Pizzocheri was most recently chief strategy and digital officer for Ergo Insurance Singapore.
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- October 23 2023
Gallagher India hires Anirudh Singh specialty and facultative head
He was most recently chief underwriting officer for Markel Services India, a Lloyd's Syndicate in India.
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- October 20 2023
AM Best affirms Peak Re’s ratings as focus on risk selection helps earnings rebound
The rating agency has affirmed the Hong Kong-based reinsurer's financial strength rating of A- (Excellent) with a negative outlook.
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- October 20 2023
Gallagher Re hires Priyanka Bhalla as associate director for India
Mumbai-based Bhalla joins from domestic broking company Hero Insurance Broking, where she was vice-president, reinsurance.
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- October 20 2023
Bennelong Funds, Leadenhall Capital tie-up to promote ILS in Australia, New Zealand
ILS, which aims to transfer insurance risk to capital markets, offers attractive spreads for investors relative to their long-term average.
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- October 19 2023
Samsung Tugu to gain from Korean investments in Indonesia: AM Best
AM Best has affirmed the Jakarta-headquartered insurer a rating of A- (excellent) with a stable outlook after it posted a five-year average combined ratio of 57%.
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- October 19 2023
AIG appoints Logan Perry as casualty manager, specialty in New Zealand
Auckland-based Perry was most recently casualty underwriting manager for Chubb and will report to Stephen Ward, head of casualty, Asia Pacific at AIG.
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- October 19 2023
Most Asian economies to see an increase in insolvencies: Allianz Trade
Countries set for the largest rises include South Korea, Japan, Australia and New Zealand, but Hong Kong is set to see a decrease in 2024.
