News Page 202 / 911
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- February 22 2023
Tokio Marine-owned renewables specialist GCube launches with local paper in Australia
The Sydney-based firm will underwrite on locally authorised paper issued by Tokio Marine & Nichido Fire Insurance Australia.
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- February 22 2023
PSC bolsters H1 top line by 15%, ups FY profit guidance
The Melbourne broker benefited from recent acquisitions, including in Hong Kong, and 9% organic growth, as it registered net profit of US$14.7m.
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- February 22 2023
Enstar Group in LPT deal with RACQ for 80% of motor liabilities up to accident year 2021
Under the reinsurance deal RACQ will cede net reserves of approximately US$264m.
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- February 22 2023
Hong Kong’s Nova Insurance sees 20.7% revenue growth in first half
The broker's revenue climbed to US$7.8m, helped by an increase in professional indemnity and trade credit lines.
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- February 22 2023
Allianz Australia expands cyclone cover to Queensland and Western Australia
The insurer has extended cover to more cyclone-prone areas following its entry into the state-backed reinsurance pool.
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- February 22 2023
CoverGo appoints Adrit Raha as APAC managing director
Singapore-based Raha joins from another insurtech and will help the company with its regional expansion plans.
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- February 21 2023
Samsung Fire & Marine P&C underwriting profits dive 95% to US$3m
The group, including motor and long-term businesses, posted a COR of 102.2% in FY 2022 at an underwriting loss of US$315m.
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- February 21 2023
KB Insurance Indonesia rides on motor line growth, parent support: Fitch
The carrier's premiums grew at 25% in 2022, 52% in motor premium line.
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- February 21 2023
Opinion: Asia’s mega rail projects to ignite premium boom
The China-backed infra projects set to generate US$14bn by 2030 come as a blessing for local and international carriers.
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- February 21 2023
Sunshine’s outlook brighter as Fitch upgrades over fresh capital, investments rejig
The Chinese carrier's P&C arm reported a better underwriting performance with a COR of 96% in H1 2022, down from 100% in H1 2021.
