News Page 246 / 1086
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- February 15 2024
QBE appoints Robert Kosova as Asia CEO
Kosova will relocate to Singapore to assume his new role from April 1, taking over from incumbent Jason Hammond, who will return to Australia.
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- February 15 2024
Overseas growth drives Japan’s big three as domestic premiums flatten
The third quarter results reported by MS&AD, Tokio Marine and Sompo Group show strong top-line growth and substantial improvements in profits from international arms due to lower nat cat losses, reduced Covid-19 losses and forex gains.
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- February 15 2024
Gallagher India appoints Sneha Gokarn as CEO and principal officer
Mumbai-based Gokarn, who was executive director and chief marketing officer for the broker, takes over from Vinay Sohani.
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- February 15 2024
Korea’s Lotte Insurance records highest full year profit since inception
The non-life insurer's provisional full-year operating profit tripled from a year ago to US$350.5m, thanks in part to its strong growth in long-term business.
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- February 14 2024
MS Amlin COR for 9M FY 2023 improves to 90%, reports solid top-line growth
The MS&AD-owned specialty (re)insurer reported insurance service profit of US$309m, reversing the loss reported a year ago.
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- February 14 2024
Tasmania puts fire tax reforms on hold: reports
Insurance Council of Australia called the move “profoundly disappointing” and unfair, as the fire service levy adds up to 28% to the cost of a diverse range of commercial policies.
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- February 14 2024
Australia Christmas storms losses at US$906m: Perils
The initial estimate includes losses from damages of property and motor hull lines of business and will be updated on March 29, 2024.
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- February 14 2024
Fairfax-backed Go Digit gets IRDAI approval for US$150m IPO
The Indian digital insurer's listing plan was delayed after the insurance regulator issued a show cause notice in October 2023, the latest clearance from the insurance regulator now clears one hurdle in its path towards an IPO.
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- February 14 2024
WTW strengthens Korea, Vietnam offerings with co-brokerage deal
The broker has signed an arrangement with New York-based Solomon Agency to provide insurance solutions to North American exposures of companies headquartered in the region.
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- February 14 2024
Skuld cancels Red Sea war cover following notice by reinsurers
The notice of cancellation will come into force on February 20, following which the war risk cover for assureds will be terminated automatically for trading or being within Gulf of Aden and Southern Red Sea and other specified areas.
