News Page 118 / 997
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- May 16 2024
Guoren P&C’s underwriting profitability under test: Fitch
The Rating agency has downgraded the insurer's rating outlook to "negative" from "stable", while affirming its rating at "BBB".
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- May 15 2024
ICA says additional US$92m funding for Australia disaster resilience falls short of needs
The (re)insurance industry body has welcomed the Australian government's additional disaster support funding outlined in the 2024-25 federal budget.
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- May 15 2024
BMS New Zealand hires Marsh veteran for North Island build out
The specialty broker has hired Nathan Richmond as director of Auckland.
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- May 15 2024
Japan’s big 4 face price fixing allegations in group insurance policies: report
The insurers, who have in the past been accused of cartelisation in commercial insurance policies, are facing regulatory probe over personal insurance pricing.
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- May 15 2024
Korean insurers may face bigger corporate tax bill this year due to IFRS: report
The implementation of IFRS 17 means that the amount of cash surrender reserves recognised as expenses has surged by trillions of won per annum, according to a local report.
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- May 14 2024
Hannover Re books US$40m losses from Japan’s Noto earthquake, plane crash
The twin events in Japan accounted for 10% of the reinsurer's large loss budget for the first quarter.
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- May 14 2024
Everest Australia launches with Sydney and Melbourne offices
The team, led by Christian Colombera, will write property, casualty, financial lines, professional lines, and energy and construction risks.
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- May 14 2024
Indian (re)insurance broker IIRM expands to Kenya
The parent’s tie up with Lloyds syndicate Amwins Global Risks will help the group tap into the global specialty insurance market, according to a local report.
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- May 13 2024
Italian trade credit insurer SACE opens offices in Singapore and Vietnam
The government-backed export credit agency and insurer will look to facilitate Italian businesses operating in South-East Asia.
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- May 13 2024
Reliance General Insurance owner’s acquisition approved by regulator: report
IRDAI has approved the Hinduja Group‘s acquisition of Reliance Capital's 3 insurance units before the May 27 deadline but under conditions on share transfers and encumbering.
