News Page 225 / 1047
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- December 20 2023
Nexus sees continued growth in structured solutions across Asia
Challenging conditions in the treaty reinsurance market mean that cedents are increasingly looking for innovative solutions, says the MGA's Asia CEO Anthony Egerton.
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- December 19 2023
Zurich relocates New Zealand exec as Victoria state manager
Brett Wainhouse will start in his new Melbourne-based role in January 2024 after spending nearly a decade at the insurer's Auckland office.
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- December 19 2023
Japan antitrust regulator carries out on-site investigation on big four insurers over price fixing allegations
Tokio Marine & Nichido Fire, Mitsui Sumitomo, Aioi Nissay Dowa and Sompo Japan confirmed in separate announcements that they are being probed by the Japan Fair Trade Commission.
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- December 19 2023
Tokio Marine Holdings’ managing executive officer Robert O’Leary resigns
O'Leary has also been serving as the chairperson of the Japanese insurance group's US subsidiary Philadelphia Consolidated Holding since January 2021 and was formerly its president and CEO.
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- December 19 2023
Beijing cold snap hit non-life insurers with US$7m losses: NAFR
Record low temperatures and blizzards in the capital city have seen property & casualty insurers receive 5,389 claims as of last Friday, according to the regulator.
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- December 19 2023
Thai insurance regulator to give SMK 60 days to solve liquidity problems: report
The troubled non-life insurer is at risk of losing its licence, which could mean its liabilities, about US$860m now, will have to be covered by the OIC's US$40m General Insurance Fund.
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- December 19 2023
Malaysia’s non-life insurers likely to see pricing pressure due to detariffication: AM Best
The market's total GWP grew 11.7% last year to US$5.3bn with 31% of the growth coming from the general takaful segment.
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- December 19 2023
Everest takes Allianz Commercial’s Joanna Mercer as Australia head of claims
Sydney-based Mercer joins the insurer from Allianz Commercial, where she was most recently regional head of claims, Pacific.
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- December 19 2023
Howden Tiger’s Doreen Tan elevated to Asia head of treaty
Singapore-based Tan, who has been at the reinsurance broker for more than a year, moves up following former APAC treaty head Stephen Warwick’s move to Guy Carpenter.
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- December 18 2023
Australian carriers see claims rise from flash floods following Cyclone Jasper
The ICA has declared a significant event in northern Queensland as Suncorp reported more than 500 claims and IAG about 100 from record flooding in Cairns.
