News Page 152 / 1058
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- July 12 2024
Axa XL expands Australian team with two senior hires
Based in Sydney, Sugra Kaur has been appointed senior casualty underwriter while Melbourne-based Rhys Anthony has joined as senior claims specialist for property.
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- July 12 2024
China Taiping former deputy manager pleads guilty to accepting US$11m in bribes
The former insurance industry top boss, who had served China Taiping Insurance Group and China Life Insurance, now awaits a verdict from the Intermediate People's Court of Xinxiang in Henan province.
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- July 12 2024
Berkley Insurance Asia promotes Hank Yeo to financial lines senior underwriter
Singapore-based Yeo has been with the insurer since 2020, focusing on directors and officers liability, professional liability, and investment management insurance.
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- July 11 2024
Allianz Commercial names Young Jeong Lee as head of financial lines, Korea
Lee joined from Samsung Fire & Marine, where he worked 12 years as a senior professional in its finance and energy department and global strategy department.
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- July 11 2024
Chinese carrier Zhonglu’s underwriting risk selection tested by business expansion: Fitch
The rating agency has affirmed its 'BBB' rating with a stable outlook, adding that its growth expectation through 2026 may expose it to larger cat losses.
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- July 11 2024
SBI General Insurance taps Liberty’s Udayan Joshi as chief technical & claims officer
The former president of Liberty General Insurance in Mumbai has joined the Indian insurer where he will be in charge of shaping its underwriting and reinsurance initiatives.
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- July 11 2024
Sompo ropes in AIG’s Bill Zhang as consumer lines president for APAC
Zhang will be responsible for leading the consumer lines strategy and operating model across Asia Pacific, reporting to Kenneth Reilly, APAC CEO of insurance.
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- July 10 2024
Toa Re FY 2023 net income up six-fold on investment gains
The group's net written premiums dropped 12.5% to JPY280.8bn (US$1.7bn), as its US and European subsidiaries reversed their losses posted a year ago.
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- July 10 2024
ASIC outlines US$14.4m estimated levies for Australian insurance industry
For Australian insurers, the estimated funding levy is US$8.9m. The regulator's focus in FY2023-24 for the general insurance sector was on enforcement action against claims handling and misconduct related with home insurance.
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- July 10 2024
Axa elevates Torsten Blake Bohm as CIO for Hong Kong, Macau
Bohm, who has held a number of senior roles with Axa in Hong Kong, replaces Fanda Ho, who is understood to have left the carrier.
