News Page 178 / 1088
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- July 19 2024
China Huanong P&C downgraded for poor capital raising ability
The global rating agency has downgraded the carrier's rating to 'BBB-' from 'BBB' with a negative outlook due to investment losses.
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- July 19 2024
Hyundai Marine & Fire Insurance’s long-term line results to improve: AM Best
The rating agency has affirmed the carrier's financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) with a stable outlook.
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- July 19 2024
South Korea’s MG Non-Life insurance gets no bidder third time in a row
Private equity firms JC Flowers and Dayli Partners, which participated in the preliminary bid in April and conducted due diligence on it, have dropped out of the deal.
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- July 19 2024
Noto earthquake, China floods among costliest H1 2024 economic loss events: Aon
The Noto earthquake remained the costliest event of the year to date in terms of total economic losses with more than U$17bn in direct damage, according to the broker's new cat recap report for the first six months of the year.
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- July 19 2024
Marsh’s Pacific senior leaders Andrew Fluitsma and John Mutton depart
Mutton, who was the MD and head of corporate and commercial, has been on gardening leave since March, while former Honan CEO Fluitsma, who took over the role in March, is understood have left as well, IAN understands.
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- July 18 2024
Lockton opens Adelaide office, Matthew Linke, Andrew Thornton join as directors
The new office is part of its South Australia growth strategy, which aims to strengthen its existing workers’ compensation claims and injury management consulting expertise.
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- July 18 2024
LM Re sets up in Australia with Aon’s Mark De La Mare in charge
The Liberty Mutual reinsurer will replace ARUS MGA that previously managed its Australasia portfolio written through Lloyd’s.
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- July 18 2024
Specialty MGA Qubit ropes in Arbol’s Peter Xia as chief actuary, reinsurance
New Jersey-based Xia joins from parametric and climate specialist Arbol where he was chief pricing actuary.
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- July 18 2024
Howden Hong Kong takes Marsh’s Flora Fong as executive director for business strategy and growth
In her new role, Fong will engage with large, complex and multinational clients and drive discussions on critical topics such as climate risk and resilience, energy transition, digital transformation, cyber and political risks.
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- July 18 2024
Zurich’s Maureen Ung joins Everest as head of claims, Singapore
Ung has been Zurich's chief claims officer since August 2022.
