News Page 240 / 1104
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- April 12 2024
Sompo Singapore to sustain profitability, expand regional commercial line: S&P Global
S&P Global Ratings affirmed the carrier's "A" local currency long-term insurer financial strength rating with a stable outlook.
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- April 11 2024
Guy Carpenter hires Partner Re’s Richard Chu as managing director for credit, bond & political risk
Singapore-based Chu will be responsible for new business development across Asia Pacific and will report to the head of the division, David Edwards.
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- April 11 2024
Peak Re expands structured solutions team to cover P&C
The new team will be led by Chenwei Li, who has been the head of structured solutions for L&H, and will be joined by senior actuaries Tony Zhong and Min Zhang.
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- April 11 2024
Taiwan earthquake claims unlikely to exceed 2016 Meinong event’s US$500m: AM Best
Carriers will only have to deal with limited commercial and industrial claims such as business interruption as the April 3 quake was quite far from the economic and scientific centres and most of the losses are ceded to the international reinsurance market.
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- April 11 2024
Beazley expands Asia property underwriting team with Axa XL hire
Singapore-based Chun Kiat Goh will help build the Lloyd's player's open market property book across APAC.
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- April 11 2024
Tugu Insurance’s Hong Kong arm sees modest near-term profitability: AM Best
AM Best has affirmed an insurer rating of B+ (good) for the company with a stable outlook.
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- April 11 2024
Super election year fuels demand for political violence cover among MNCs: Allianz Commercial
With half of the world's population going to polls this year, security in many territories is undermined by threats of local unrest and electoral outcomes on foreign policy, trade relations and supply chains.
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- April 11 2024
MSIG Hong Kong promotes Shujiro Suzuki as deputy CEO
Suzuki succeeds Hideaki Amasaki, who has started a new role as general manager of Mitsui Sumitomo Insurance’s international business department in Tokyo.
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- April 11 2024
Australia’s summer insured cat losses top US$1bn: ICA
The cost of the Christmas Storms has now exceeded US$730m from 95,000 claims; and the total losses for the season is expected to further rise with last weekend's storm in New South Wales.
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- April 10 2024
NSW ‘black nor’easter’ storms declared significant event as claims top 11,500: ICA
Suncorp, which received 2,700 claims, and IAG, with 3,100 claims, have said that almost 80% of the losses are coming from property damage.
