News Page 253 / 1086
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- January 26 2024
Howden Private Wealth names Benjamin Cheng as global CEO
Cheng was promoted to the global role from being the chief executive of Howden Private Wealth Asia.
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- January 25 2024
MS Amlin completes Singapore’s first-ever ILS renewal with US$35m Phoenix 2 Re
The Lloyd's player now has more than US$80m capacity in Asia through the twoi insurance-linked secuirities vehicles.
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- January 25 2024
AUB Group bolsters M&A war chest with US$560m debt deal
The refinancing and new loan give US$171m of available liquidity to the Australian broker providing financial flexibility ‘to capitalise on organic and inorganic growth’.
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- January 25 2024
Cover-More names Australia and New Zealand COO
In his new role, Sydney-based Nick Slessor will lead the company's Australia and New Zealand strategic delivery, customer service and claims functions.
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- January 24 2024
Insured losses from Australian twin weather events near US$500m: ICA
The Christmas and New Year storms were the costlier cat event with 70,965 claims, while the ex-Tropical Cyclone Jasper has so far seen 8068 claims.
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- January 24 2024
China Re can absorb Great Wall AMC write-off hit: S&P Global
Losses from a potential full write-off of the reinsurer's 6.5% stake in the state-owned bad debt manager would be within the reinsurer's capital buffer backing its rating.
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- January 24 2024
AIG appoints head of accident & health in Singapore
Ann Wong rejoins the insurer after a 10-year break.
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- January 23 2024
Hong Kong Insurance Authority appoints Clement Lau as executive director
Lau, who had worked at the city's central bank prior to the latest appointment, will be in charge of reviewing regulatory frameworks and policies affecting the insurance sector.
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- January 23 2024
Thai Re to improve underwriting results in 2024 with COR below 100%: Fitch
The rating agency has affirmed the reinsurer's rating at 'A-' (strong) with a stable outlook based on strong capitalisation, favourable company profile and expectation of steady earnings from FY 2024.
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- January 23 2024
Sompo Holdings CEO Kengo Sakurada to step down in March over BigMotor scandal: report
President and chief operating officer Mikio Okumura is expected to succeed Sakurada as CEO at the insurance group holding company.
