News Page 249 / 911
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- September 26 2022
Exclusive: Korean carriers DB, Samsung and Hyundai on the hook for Posco’s huge typhoon claims
DB Insurance provided the largest coverage to the steelmaker with around 17% exposure of the risk pool.
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- September 26 2022
‘Deutsche Rück to focus on small and medium-sized insurers in Asia’
The carrier will rely on its own network of brokers but will certainly work with local ones too, Asia MD Tarik Aouad told IAN.
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- September 26 2022
Malaysia’s Pacific & Orient suffers from lack of diversification: Fitch
The firm's COR was 96% in FY 2021 compared with 107% in FY 2020, with a three-year average of 100%.
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- September 23 2022
CTX Special Risks, Cosco Shipping captive join global marine climate group PPMI
The Poseidon Principles of Marine Insurance is a framework to incentivise shipping decarbonisation by disclosing the 'climate alignment' of hull and machinery portfolios.
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- September 23 2022
Market braces for Nanmadol loss creep
Secondary perils could play a major role after mid-single digit billion loss estimates.
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- September 22 2022
Well Link’s Thomas Lee doubles up as GI CEO
Well Link Life's chief executive aims to bring synergies across the HK firm's general and life units.
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- September 22 2022
Tokio Marine’s Kosuke Hashimoto starts new IUMI vice president role
TM&NF's marine underwriting manager joins new IUMI president Frédéric Denèfle, Garex managing director, on the committee.
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- September 22 2022
Berkley names Aaron Yip as Singapore CEO
Yip will report to Asia chief executive Shasi Nair and will continue in his role as chief underwriting officer for Asia.
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- September 22 2022
Australia’s H1 GI intermediated GWP grew 18% to US$11bn: APRA
US$1.2bn was placed with Lloyd's underwriters, up 10% over the same period last year.
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- September 22 2022
Analytics: Asia marine premium growth offset by higher claims
Vessel activity returns to pre-Covid levels, rates flatten and inflation pushes up cost of repairs.
