News Page 187 / 997
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- November 20 2023
IAG names Jacqueline Rush as executive manager to transform complaints system
Melbourne-based Rush will report to the Australian carrier's chief customer and marketing officer Michelle Klein.
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- November 20 2023
Kiwi carrier Tower exits commercial farm insurance
Commercial rural clients will be referred to AonAgri from February 1 as the carrier focuses on its direct personal and small business lines.
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- November 20 2023
Vietnam connects to Asean compulsory motor insurance system
Bao Viet Insurance is the only Vietnamese carrier approved to issue blue cards that prove that a vehicle has third-party liability cover to be used across Asean borders.
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- November 20 2023
AM Best affirms China Re’s rating on strong capitalisation
The rating agency noted Chaucer continues to be the major driver of overseas non-life reinsurance revenue and helps strengthen the group’s business footprint in the global reinsurance market.
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- November 17 2023
MS Amlin turns around underwriting performance with 91.6% COR
The Japanese insurance group's overseas business saw its net premiums for the first six months grow 45% year-on-year to US$4bn.
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- November 17 2023
Oneglobal Broking appoints Joey Lim as Singapore P&C head
Lim, who starts on November 17, joins from Marsh and will lead the broker's corporate team in the Lion City.
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- November 17 2023
Fitch affirms QBE’s rating as underwriting performance improves
The Australian carrier improved its COR to 86% and posted insurance services result of US$337m in H1 2023.
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- November 17 2023
Claims inflation, nat cat losses, reinsurance costs weigh on Suncorp’s profitability: Fitch
The rating agency maintained the Australian carrier's rating but underwriting profitability is expected to deteriorate in the next 12 to 24 months.
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- November 17 2023
Malaysia’s MAA Group to sell 85% stake in Filipino subsidiary
The group will sell its share in MAA General Assurance Philippines to Triple P Philippines for US$49.3m with an option to sell the remaining 15% stake for US$8.7m within 14 months.
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- November 17 2023
Cover-More global CEO Cara Morton to run Zurich Global Ventures
Sydney-based Morton will relocate to Zurich and start in her new role on February 1, 2024 and will report directly to Zurich Insurance Group CEO Mario Greco.
