News Page 126 / 911
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- September 18 2023
ICA board members and Australian minister to meet (re)insurance players in Munich and London
Assistant treasurer Stephen Jones and ICA, Suncorp, IAG and QBE Asia Pacific CEOs set to meet Lloyd’s, Guy Carpenter, Aon, Munich Re, Swiss Re, Flood Re and the ABI this week.
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- September 18 2023
Hotai Insurance removed from ‘under review’ as Covid claims’ situation improves: AM Best
With pandemic claims stabilising, a capital injection and a recovery in investments, the Taiwanese P&C player released reserves during H1 2023 helping the firm to a US$37.5m profit.
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- September 18 2023
Hong Kong’s Grandwood opens first overseas subsidiary in the UK
May Yung, previously divisional director and head of financial risks for the broker, is overseeing the set-up.
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- September 15 2023
Extreme heat, typhoon ‘most concerning’ climate hazards for APAC: MSCI
Fujian, Hong Kong, Shanghai, Hainan and Guangdong are among some of the most at-risk regions for tropical cyclones, according to the data firm.
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- September 15 2023
New Zealand’s carriers making ‘good progress’ on claims as 2023 disaster bill tops US$2bn: ICNZ
The ICNZ said that more than a year’s worth of claims arised over the space of 15 days from the Auckland floods and Cyclone Gabrielle.
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- September 15 2023
Opinion: Hong Kong’s insurance players should step up risk mitigation for clients and the city
While paying claims and looking after clients is the immediate priority, the market should spend more effort making sure buildings are better managed, rain or shine.
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- September 15 2023
Taiwan P&C insurers resilient under cat risks, says regulator after stress test
The test results showed that the overall capital adequacy ratio of the island's P&C insurance was 337.2%, while net worth ratio stayed at 19.62%,
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- September 15 2023
Miller taps Lockton’s Richard Broad as head of treaty reinsurance APAC
Singapore-based Broad's appointment follows a recent leadership rejig at the specialist broker that saw Nigel Cross named head of facultative reinsurance in the region.
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- September 15 2023
Lockton names Piers Hughes Asia head of reinsurance
Hughes, who started in the role on September 13, will continue to be based in Singapore and report to Warren Merritt, regional CEO - Asia Pacific.
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- September 14 2023
Markel to expand in Australia with three new offices
The specialty insurer will be headquartered in Melbourne and headed by Axa XL's Rory Morison, who will start on September 27.
