News Page 241 / 1047
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- November 10 2023
GIC Re reports 9% dip in H1 earnings, COR deteriorates to 117%
The state-owned reinsurer reported a premium income of US$23.5bn and a profit after tax of US$2.85bn.
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- November 10 2023
QBE Asia hands Cynthia Huang additional charge as Taiwan desk lead
Hong Kong-based Huang, who is also the head of financial lines for the carrier, will be responsible for distribution and business development.
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- November 9 2023
Two foreign brokers get licences to set up China operations
In a first in 5 years, BMW and Ergo-FRESCO have been given regulatory approval to offer insurance and reinsurance broking.
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- November 9 2023
Berkley Insurance Australia names Kirsty Owens as national e-business manager
Greater Adelaide-based Owens will report to BIA chief executive officer Tony Wheatley.
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- November 9 2023
PICC is second largest fossil fuel insurer with US$1.45bn premium income in FY 2022
According to a report by Insure Our Future, global insurers earned around US$21.25 billion in 2022 from fossil fuels with the Lloyd’s market collectively contributing US$1.6 - US$2.2 billion.
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- November 9 2023
Arch Australia launches new cyber practice with Chubb hire
Sydney-based Rachel Green will lead the development of Arch’s cyber insurance portfolio across Australia and the Pacific region, reporting to regional manager Dominic Brannigan.
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- November 9 2023
Axa XL appoints Adias Gerbaud as CUO for APAC, Europe
She assumes the role from Etienne Champion, who is taking on a new position at Axa Group as P&C Commercial Lines group chief underwriting officer.
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- November 8 2023
Energy pricing to remain elevated as risks stay put: WTW
Deteriorating loss ratios and increased reinsurance costs have put the brakes on any softening.
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- November 8 2023
Axa Hong Kong completes first inward ceding deal on Shanghai reinsurance platform: report
The insurer ceded its Hong Kong-Guangdong cross-order motor insurance business to Axa Tianping P&C.
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- November 8 2023
Marsh promotes John Donnelly from APAC to global head of placement
Sydney-based Donnelly will relocate to London and start at his new role on January 1, 2024.
