News Page 221 / 998
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- August 31 2023
Hong Kong P&C overall underwriting profits dive 43% in H1 2023
Direct insurance business saw a 60% decline in underwriting results, while reinsurance inward business saw a 2.5% decline year-on-year.
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- August 31 2023
Hong Kong, Guangdong and Macau prepare as Super Typhoon Saola nears; Typhoon Haikui tracks China landfall
Saola, potentially the SAR's strongest storm in five years, to bring strong winds and heavy rainfall as another typhoon heads towards Taiwan and eastern China.
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- August 31 2023
Three Japanese majors to raise motor premiums for first time in four years; Sompo Japan postpones hike: reports
TMNF, Mitsui Sumitomo and Aioi Nissay Dowa plan to raise rates by up to 3% in January, while Sompo to hold prices as it recovers from the Bigmotor fraud scandal.
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- August 31 2023
Howden takes Marsh’s Melvin Lim as divisional director for APAC construction team build out
Singapore-based Lim will work closely with head of construction Leon Chan and head of natural resources Matthew Savitt.
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- August 31 2023
Francis Savari lands UIB Asia Reinsurance Brokers CEO role as Hiroki Miyamoto moves to London
Singapore-based treaty specialist Savari (pictured left) joins the broker as Miyamoto aims to help facilitate Japanese client business from the UK.
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- August 30 2023
Howden Specialty appoints Bozidar Ljubisavljevic in Singapore as executive director, marine
Ljubisavljevic, who relocates to the Lion City from the broker's Dubai office, will service marine and logistics clients in Asia Pacific.
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- August 30 2023
Sompo International hires Canopius’ Vicky Sarjeant to head APAC energy
Sarjeant will continue to be based in Singapore and report to Paul O’Neill, president of commercial lines, insurance, Asia Pacific.
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- August 30 2023
PICC P&C’s H1 underwriting profit for commercial property zooms 165%; overall COR at 95.8%
China's largest P&C carrier's H1 underwriting profits were up 7% to US$1.3bn, while its COR was flat.
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- August 30 2023
Starr International names Sean Chen as Singapore CEO
The experienced underwriter will report to APAC president Phil Finley who has relocated to Bangkok to oversee the firm's Thai operations.
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- August 30 2023
Exclusive: Reliance’s Jio Financial starts talks with global players for ambitious general insurance foray
India's biggest conglomerate will offer up to 50% stake in the insurer, for which it is already hiring senior executives, IAN understands.
