News Page 246 / 1104
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- March 28 2024
China Re returns to profit on strong FY2023 primary P&C, overseas growth
China's largest P&C reinsurer said lower cat losses, and improved rate conditions at its wholly-owned Chaucer also helped it achieve a 18% growth in overseas reinsurance gross written premium.
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- March 28 2024
Vietnam’s PVI Insurance strong underwriting results set to sustain: AM Best
Vietnam's largest non-life insurer's financial strength rating, at "A-" (excellent), was affirmed on its strong performance and support from parent, German insurer HDI Global SE.
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- March 27 2024
WTW taps Marsh for India credit insurance leader
Mumbai-based Rishabh Karnik will help develop the broker's financial solutions offerings.
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- March 27 2024
Marsh Asia appoints Alexander Pui to its climate and sustainability advisory team
Tokyo-based Pui was previously executive manager, climate scenario analytics, at Commonwealth Bank for nearly two years from March 2022
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- March 27 2024
China expands national nat cat pool to cover perils beyond earthquakes
The nat cat insurance mechanism will now also include typhoons, floods, torrential rains, mudslide and landslide, it will double limits per household, as well as support commercial cat cover.
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- March 27 2024
Canopius Asia hires Patrick Fyson as APAC property head
Singapore-based Fyson will look to grow the company’s property underwriting business in the region.
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- March 27 2024
Malaysia’s Etiqa General Insurance, Takaful “A” ratings affirmed on strong earnings
The rating agency affirmed an insurer financial strength rating of "A" (strong) to the five subsidiaries of Maybank Ageas Holdings Berhad with a stable outlook.
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- March 27 2024
PICC P&C 2023 net profit drops as nat cats, post-Covid reopening aggravate claims
China's largest P&C insurer saw net profit for the financial year drop 15.6% and its combined ratio edge up to 97.8%
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- March 27 2024
Korean carriers turn around underwriting results with US$6.2bn insurance income
Even with a 70% drop in investment profit, the country’s non-life insurers posted a 51% increase in net income in 2023.
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- March 27 2024
HDI Global eyes A&H expansion, new representative offices in Asia: CEO
The industrial carrier reported a 4.9% APAC insurance revenue growth in FY 2023 backed by strong results in Singapore and Malaysia.
