News Page 156 / 1162
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- February 5 2025
Tower increases FY25 profit guidance on ‘better-than-expected’ claims performance
Guidance on COR for the financial year has improved to between 84-86%, down from 87-89%.
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- February 5 2025
Aon: Asian market continues to soften, Japan bucks the trend
While most markets in the region saw up to 10% reduction in Q4, Japan had a 10% increase in rates, the broker's report said.
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- February 5 2025
Asia insurance rates decline 3% in Q4 2024, driven by cyber and finpro lines: Marsh
Cyber rates drop by 11%, while finpro falls 9%, both extending the previous quarterly declines in 2024, according to the latest Global Insurance Market Index by the broker.
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- February 5 2025
‘We are the captain of this ship’: Bajaj-Allianz edges closer to split
Chairman and managing director Sanjiv Bajaj expresses the need for 'greater control' in an interview with Bloomberg TV.
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- February 5 2025
Pacific rates suffer largest drop in Q4 2024, driven by finpro, cyber and property lines: Marsh
Finpro premiums fell by 12%, while cyber and property declined by 8%, according to the Global Insurance Market Index.
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- February 5 2025
Aon promotes Lee Huang Ng to head of Taiwan
Ng will relocate to Taipei and report to head of Greater China Qin Lu after succeeding new head of Hong Kong, Ernest Leung.
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- February 5 2025
GIC Re moves ahead with plan to set up UK subsidiary
Subject to regulatory approval, Indian state-owned reinsurer will incorporate the wholly owned GIC Re, India Service Company.
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- February 5 2025
Allianz Partners names Dominic Ganter as MD for Greater SE Asia
Gantner, who joined the company in 2019, was most recently managing director for Southeast Europe.
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- February 4 2025
Samsung Fire & Marine may become subsidiary of group’s life arm: report
Samsung Life's shareholding may cross the 15% threshold following the P&C insurer's proposed share buyback plan, according to a report in Korean business paper Chosun.
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- February 4 2025
Aon’s Reinsurance Solutions appoints Wesley Roy as head of property for Australia, New Zealand
Sydney-based Roy, who joins the broker from Hollard, previously worked with Aon for over seven years.
