News Page 253 / 1048
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- October 13 2023
Envest snaps up majority stake in London Australia Underwriting
LAUW, a Sydney-based MGA, writes over US$20m of GWP in professional and financial lines through Lloyd’s syndicates.
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- October 13 2023
MoneyHero to list on Nasdaq following SPAC deal with Pacific Century and Thiel Capital
The deal gives the financial services platform, which operates in Singapore, Hong Kong, the Philippines, Malaysia and Taiwan, access to around US$100m of capital.
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- October 13 2023
CCi appoints Nick Barham as head of technical expert services – Asia
Barham, who is relocating to Singapore, will lead the expansion of the consultant's technical engineering services to its insurance and construction clients in the region.
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- October 13 2023
Samsung Vina Insurance signs property products deal with Shinhan Bank Vietnam
In the first six months of 2023, property insurance revenue in Vietnam achieved a growth rate of 10.9%.
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- October 13 2023
Exclusive: McLarens launches forensic accounting in Malaysia with Sedgwick hire
Serina Tan will be based in Kuala Lumpur and report to Scott Reichelt, the loss adjuster's head of forensic accounting, Asia Pacific.
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- October 13 2023
China’s Urtrust Insurance could see loss ratios climb: Fitch Ratings
The rating agency has affirmed the insurer's rating of 'BBB' with a stable outlook.
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- October 12 2023
Suncorp’s Vero slapped with ‘largest’ ever FMA penalty over multi-policy discounts
The New Zealand regulator said the general insurer and its intermediaries overcharged 42,000 customers by US$6m in premiums between April 2014 and May 2022 on house and contents, vehicle and boat insurance.
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- October 12 2023
Liberty Mutual Reinsurance appoints Alex Koh as senior underwriter
Koh was treaty manager for China Reinsurance Corporation (Group) in its Singapore branch.
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- October 11 2023
Extreme events in Greater China could lead to US$4.6tn economic losses over five years: Lloyd’s
This is the largest financial impact, closely followed by Asia Pacific with the losses worth US$4.5 trillion, says new Lloyd's systemic risk scenario that models food and water shocks.
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- October 11 2023
Axa completes India exit with sale of stake in life carrier to local partner
Indian JV partner Bharti Group is 'engaging with other strategic and financial investors to partner and or merge the business'.
