News Page 191 / 997
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- November 9 2023
PICC is second largest fossil fuel insurer with US$1.45bn premium income in FY 2022
According to a report by Insure Our Future, global insurers earned around US$21.25 billion in 2022 from fossil fuels with the Lloyd’s market collectively contributing US$1.6 - US$2.2 billion.
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- November 9 2023
Arch Australia launches new cyber practice with Chubb hire
Sydney-based Rachel Green will lead the development of Arch’s cyber insurance portfolio across Australia and the Pacific region, reporting to regional manager Dominic Brannigan.
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- November 9 2023
Axa XL appoints Adias Gerbaud as CUO for APAC, Europe
She assumes the role from Etienne Champion, who is taking on a new position at Axa Group as P&C Commercial Lines group chief underwriting officer.
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- November 8 2023
Energy pricing to remain elevated as risks stay put: WTW
Deteriorating loss ratios and increased reinsurance costs have put the brakes on any softening.
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- November 8 2023
Axa Hong Kong completes first inward ceding deal on Shanghai reinsurance platform: report
The insurer ceded its Hong Kong-Guangdong cross-order motor insurance business to Axa Tianping P&C.
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- November 8 2023
Marsh promotes John Donnelly from APAC to global head of placement
Sydney-based Donnelly will relocate to London and start at his new role on January 1, 2024.
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- November 7 2023
WTW launches climate risk centre in Singapore
The new centre, providing climate risk quantification and management capabilities in the region, is led by Christopher Au and is planning to hire 15 climate specialists to support APAC clients.
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- November 7 2023
Asian insurance pricing hits financial lines headwinds, flattening cyber rates: Marsh
Except for a 2% growth in property, almost all other lines in APAC either remained flat or declined, according to Marsh Q3 global pricing index.
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- November 7 2023
Charles Taylor expands Asia teams with several senior hires
The loss adjuster will now have more than 300 technical adjusters and insurance specialists across 18 locations throughout Asia.
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- November 7 2023
20% of motor insurance claims in Singapore fraudulent: report
Common forms of scam involve individuals offering help from unauthorised repair shops or overpriced towing services after an accident, staged accidents with fake injuries, and fake witnesses.
