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- May 26 2023
Labuan struggles to reignite interest as global insurance hub
Covid-19 may be over but global capital still isn’t returning to Malaysia’s offshore centre.
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- May 26 2023
Japan, Korean insurers brace for claims from ‘US$1bn’ Typhoon Mawar in Guam
There are 11 international hotels on the island which have BI cover. Crawford is sending 40 adjusters from Asia.
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- May 25 2023
Tencent-backed Hong Kong reinsurer FuSure to stay profitable with a single-digit return
The non-life reinsurer reported net profits in 2022, breaking even one year earlier than its original plan, says AM Best.
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- May 25 2023
Singapore insurers report 58% dip in 2022 profits despite premium growth: MTI
The 2022 economic survey noted that general insurers in the Lion City reported a 9.7% growth in GWP while the overall finance and insurance sector in the country shrank by 0.9%.
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- May 25 2023
Axa XL hires Nicholas Strong as senior casualty underwriter
Sydney-based Strong joins from CGU Insurance, where he held a similar role.
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- May 24 2023
Adva launches US$150m per cover marine war risk facility in Asia
The facility aims to ‘plug the gap’ in coverage for voyages to and from designated war risks exclusion zones.
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- May 24 2023
Reliance General Insurance promotes Namita Rohra to liability, credit and specialty head
Mumbai-based Namita Rohra was earlier segment head liability for cyber and specialty lines in Reliance General.
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- May 24 2023
Manila Central Post Office insured for US$11m with state-owned GSIS
The Government Service Insurance System (GSIS) will provide a loan to reconstruct the important building damaged in a fire on May 21.
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- May 24 2023
Tower places additional US$63m reinstatement cover
With this reinstatement, the Kiwi carrier will ensure protection for a significant fourth catastrophe event within its current financial year.
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- May 24 2023
Indonesia carriers need to raise capital to meet new norms
OJK is proposing raising the minimum paid-up capital for non-life insurers to US$67m by 2028, from US$10m currently.
