News Page 175 / 1229
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- May 8 2025
Loss of key contract could impact Australian LMI specialist Helia: S&P
Global rating agency revised its outlook to negative from stable after Helia Insurance said it would likely lose a key contract with the Commonwealth Bank of Australia.
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- May 8 2025
Ex-Tropical Cyclone Tam 15th event to top AU$10m for Suncorp
The 15 events and other attritional natural hazard costs have meant natural hazard costs for the 10 months to April 30 are expected to be AU$1.1bn,
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- May 8 2025
‘Industry legend’ Paul Schappacher returns to AIG Australia as senior commercial property underwriter
Melbourne-based Schappacher previously worked at Chubb, Suncorp, Great Lakes and Zurich.
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- May 8 2025
Analytics: Hong Kong’s P&C reinsurance market narrows gap with Singapore
Hong Kong benefitted from RBC implementation in 2024, however, Singapore retained top spot in terms of GWP and underwriting results.
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- May 7 2025
Guoren P&C to maintain capital buffer to support growth, profitable underwriting: Fitch
Fitch affirms insurer rating of BBB+ for the Chinese non-life insurer.
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- May 7 2025
India’s Iffco-Tokio launches surety bond insurance: report
Construction industry has reportedly offered bank guarantees worth INR1.7 trillion (US$20.1 billion), which is projected to grow to INR3 trillion by 2030.
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- May 7 2025
Axa XL appoints veteran Marc Audrin as APAC, Europe CFO
Dublin-based Audrin has been at the Axa Group for over 32 years, with his most recent role being Axa XL's CFO for APAC, Europe and XL Insurance Company SE.
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- May 7 2025
Malaysia’s P&C underwriting profit 11% down, claims incurred up 18.8% in 2024: PIAM
Industry's GWP grew by 6.9% to US$5.4bn in 2024, mostly driven by vehicle sales and infrastructure development, according to the General Insurance Association of Malaysia.
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- May 7 2025
Korean non-life carriers’ overseas branches see net income surge to US$95m
Increase attributed to base effect of natural catastrophes in 2023, including Typhoon Mawar in Guam and a wildfire in Hawaii.
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- May 7 2025
APAC insurers remain resilient amid trade tensions, volatile markets: S&P
However, rising tariffs, market volatility, and currency fluctuations could strain earnings and slow premium growth.
