News Page 141 / 1070
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- August 23 2024
Analytics: Australian underwriters incur 23% lower public liability claims in 2023
Lloyd's public liability claims doubled and PI claims went up 13 times in the country in the last year while other insurers' PI claims were 9% higher year-on-year across all states, according to the 2023 claims data released by the Australian Prudential Regulation Authority.
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- August 23 2024
Ping An P&C H1 underwriting profit rises 15.7% on improved liability business
China's second-largest P&C insurer saw underwriting profit rise to US$49.5 million, as strong growth in its liability mitigated declines in its motor business, whose combined ratio was dampened by rainstorms.
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- August 23 2024
General carrier Bajaj Allianz and HSBC India form bancassurance partnership
Under the agreement, HSBC India will now distribute Bajaj Allianz's insurance offerings to its customers, through its 26 branches across 14 cities.
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- August 22 2024
Climate change exposes banks to ‘silent’ risks as insurance gets more unaffordable: Aon
Banks can leverage on tools and datasets that insurers have been using for pricing climate risks. Alternative risk transfer tool such as parametrics can also provide additional protection, the broker said.
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- August 22 2024
Vietnam non-life carriers’ H1 2024 revenue grows 12% to US$1.6bn
The country’s biggest non-life insurer PVI grew its revenue 65.7% YoY in the first six months of the year, according to the most recent data published by the Insurance Association of Vietnam.
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- August 22 2024
Epsilon Underwriting secures capacity to renew property ISR policies written by Argenta Australia
The move follows Argenta Group's announcement that it will close its Sydney office in July after a review of its underwriting activities.
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- August 22 2024
Crawford Malaysia names Kuppusamy as personal accident, fraud investigation team head
Murugan Kuppusamy brings 15 years of experience across personal accident, bodily injury, investigations, fraud detection, theft and motor claims to the team.
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- August 22 2024
Axa XL appoints Daniel Su as marine cargo underwriter in Hong Kong
Su has over 20 years of (re)insurance underwriting and broking experience focusing on the north Asia marine markets.
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- August 22 2024
Swiss Re expands public sector leader Lubomir Varbanov’s role to include development institutions
Varbanov's new title will be managing director, head of public sector solutions for APAC and multilateral development banks.
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- August 22 2024
Central Bank of India wins bid for minority stake in Generali’s Indian JVs
The state-owned lender will acquire the stakes held by the insolvent Future Enterprises in the life and P&C businesses majority owned by the Italian insurance giant for a reported US$60.5m.
