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- July 12 2023
Axa mulling sale of reinsurance arm: report
The French insurer is considering a sale or an IPO for Axa XL Reinsurance as the group looks to reduce earnings volatility, according to Reuters.
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- July 12 2023
Zurich hires APAC head of strategy
Nitya Bhutani joins from consultancy Bain in Singapore.
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- July 11 2023
QBE launches full lifecycle renewable cover in Australia
The product will cover wind, solar, and battery storage facilities from construction to decommissioning and has plans to include hydrogen.
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- July 11 2023
Gallagher appoints Victoria Ma as senior vice president for APAC practice group
Ma, who is a trade credit specialist, will provide services to Asia Pacific multinational businesses.
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- July 11 2023
Meritz Korindo’s rating affirmed by Fitch despite low retention ratio
The rating agency has affirmed the Indonesian carrier's A+ rating and says there is sufficient capitalisation to offset the company's volatile underwriting performance.
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- July 11 2023
China reopening to drive non-life growth as APAC nat cat protection gap widens
Swiss Re is forecasting emerging Asia to see non-life growth of over 6.5% in 2023 with global P&C premiums set to cross US$4tn this year.
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- July 11 2023
Axa XL strengthens Asia construction team with new hire
Singapore-based Kheng Seong Lim, who joined from Sirius, has become a construction senior underwriter.
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- July 10 2023
Allianz Commercial hires AIG veteran Christian Sandric, Mark Mitchell set to leave
Sandric is joining on September 1 as managing director for Asia, with Mitchell, AGCS Asia managing director, leaving the group.
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- July 10 2023
India to keep 4% obligatory cession for GIC Re: report
Under the right to first refusal, GIC Re has the first right to choose the reinsurance business from the general insurers and then it can be placed with other reinsurers.
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- July 10 2023
Axa XL expands Asia cyber team with Hong Kong cyber underwriter
Alejandro Vigil-Escalera has relocated from the (re)insurer's Madrid office to Hong Kong.
