News Page 163 / 1070
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- July 15 2024
Ping An Insurance eyes US$3.5bn fundraise: report
The insurer will raise the funds through a convertible bond offering, according to a Bloomberg report.
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- July 15 2024
Peak Re promotes David Menezes as chief risk officer
Hong Kong-based Menezes has been serving as the deputy chief risk officer at the global reinsurer since September 2022.
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- July 15 2024
China’s nat cat economic losses hit US$13bn in H1 2024 as flood claims rise
95,000 claims from the intense rain across eight southern China provinces have reached CNY3.21bn, according to NFRA's latest data.
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- July 13 2024
Great Eastern privatisation deal falls short of compulsory acquisition threshold
Trading in Great Eastern shares will be suspended after OCBC failed to garner enough shares from minority shareholders, putting the take-private bid and the insurer's listing status in a stalemate.
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- July 12 2024
PartnerRe hands Sasa Hu expanded role of APAC P&C CUO
Hu will remain in Hong Kong whilst also maintaining her current role of head of agriculture.
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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.
