News Page 194 / 911
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- March 15 2023
Auckland floods initial loss estimate is over US$1bn: Perils
The unprecedented event is labelled as the largest weather-related insurance industry loss historically for New Zealand.
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- March 15 2023
QBE elevates Andex Fung to head of Asia SME
Fung was most recently QBE's head of retail and SME underwriting for Hong Kong.
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- March 15 2023
Marsh McLennan appoints North Asia, South-East Asia CEOs and 11 country heads in Asia
In a wholesale leadership overhaul in the region, the group has new chief executives in Japan, China, Korea, Hong Kong, Singapore, Taiwan, Malaysia, Indonesia, Thailand, the Philippines and Vietnam.
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- March 15 2023
Generali Asia P&C combined ratio improves to 99%
The carrier's Asia P&C gross written premium was up 16% on a "like for like basis" in FY 2022.
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- March 14 2023
Government may inject funds into 3 Indian state-owned general insurers: report
United India Insurance, Oriental Insurance and National Insurance are facing a US$485m shortfall in capital to meet solvency requirements.
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- March 14 2023
PSC Insurance acquires two UK businesses for US$15m
The acquisitions of a MGA and a retail broker are expected to add up to US$4.7m to PSC's top-line.
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- March 14 2023
Sedgwick names Kate Johnstone head of risk in Australia
Johnstone has over 25 years of insurance experience including managing risk and compliance operations.
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- March 14 2023
Markel hires downstream energy underwriter from Scor in Singapore
JJ Wong has become one of five downstream underwriters at the global player.
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- March 14 2023
FWD refiles for Hong Kong IPO again
The Hong Kong-headquartered insurer had previously delayed the listing twice due to 'a weak market'.
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- March 14 2023
TravelCard appoints Michael Storozhev as chief underwriting officer
Sydney-based Storozhev will be part of the Australia executive leadership team, reporting to the regional CEO Peter Klemt.
