News Page 147 / 1058
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- July 23 2024
Zurich Australia on course for 7% revenue growth in the next two years: S&P Global
The rating agency has affirmed the insurer's 'AA-' rating with a stable outlook after implementing its revised criteria on capitalisation.
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- July 23 2024
Tokio Marine, Sompo receive FSA’s report orders on customer data leak
In their responses to the regulator's requests, the carriers have promised to continue to investigate the information leak, determine the root cause, and take thorough measures to prevent recurrence.
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- July 23 2024
Allianz’s acquisition of Income is unlikely to change Singapore’s market landscape: Fitch
The proposed acquisition is expected to strengthen Allianz’s presence in Asia and to elevate it from the ninth to the fourth-largest composite carrier by insurance revenue in the region.
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- July 23 2024
Lloyd’s promotes Mark Dyson to chief financial officer for international
Singapore-based Dyson will lead financial teams for all markets outside the UK – including Americas, Europe, Asia Pacific, Middle East and Africa.
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- July 23 2024
Indian and Malaysian carriers keen to transform claims and underwriting approaches
The two fast-growing markets illustrate how insurers can ride on regulatory changes and innovative approaches to navigate challenges and capitalise on opportunities.
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- July 22 2024
Income Insurance acquisition highlights Allianz’s increasing focus on South-East Asia: S&P
Allianz Insurance Singapore, rated "A+" with a "stable" outlook, remains a strategically important subsidiary of the group, as the rating reflects the extent of support the rating agency expects from the group.
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- July 22 2024
GSA ropes in Suncorp’s Christina Ludovice as head of claims
Sydney-based Ludovice will bring strategic support to the broker's claims team with a focus on negotiating expedited claims outcomes for the clients.
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- July 22 2024
BMS taps Dianne Riopelle from Marsh as energy team client manager
Based in Brisbane, Riopelle will be responsible for expanding the specialist broker's renewables, power and energy business.
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- July 22 2024
Indonesian reinsurer Maipark’s profitability to sustain despite nat cat risk: Fitch
Fitch Ratings has upgraded its outlook on the Indonesian reinsurer to "positive" from "stable" while affirming its "A" rating.
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- July 19 2024
Global tech outage could see claims snowball but insurers ‘wait-and-watch’
The impact on the industry will depend on the “waiting period” , however, there could be long-term BI and other complex claims.
