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- May 23 2023
RenaissanceRe to buy Validus Re from AIG for US$3bn
The transaction includes AlphaCat Managers and Talbot Treaty reinsurance business, but AIG will retain Talbot Underwriting and Western World.
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- May 23 2023
Uplift in consumer sentiment helps APAC carriers combat reinsurance costs, inflation: Fitch
Primary insurers have been able to pass on higher premium rates to customers, even double-digit hikes in places like Australia, without affecting business retention.
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- May 23 2023
Environmental liability: Why are take-up rates for environmental impairment liability insurance low in Asia?
Lack of awareness regarding coverage gaps in general liability and property policies and a limited ESG focus haven't helped.
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- May 23 2023
Brown & Brown acquires Nexus and Xenia owner Kentro Capital
The acquisition gives the US broker a foothold in Asia through MGAs Nexus and Spectrum, and broker Capstone.
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- May 23 2023
Swiss Re leaves the Net-Zero Alliance
This is the fourth recent exit of a member following the departures of Hannover Re, Zurich and Munich Re.
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- May 23 2023
Axa XL looks to tap into Asia corporate mindset shift
The French (re)insurer sees huge potential in the region with eight Asian markets expected to grow 11% per year from 2021 to 2025.
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- May 23 2023
Zurich Hong Kong appoints David Chiu as chief claims officer
A Zurich veteran for the past 10 years, Chiu has held several leadership roles in the Hong Kong claims team.
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- May 22 2023
Aspen hires Tay Boon Chuan as head of Singapore; Beatrice Morley to relocate
Veteran Tay is joining after 12 years at Tokio Marine Kiln, most recently as Asia treaty team lead, while Morley, Aspen's global head of casualty, is leaving for London.
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- May 22 2023
National Administration of Financial Regulation replaces CBIRC as new China regulator
The newly constituted body, which began operations on May 18, will regulate the financial services industry, including insurance and banking sectors.
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- May 22 2023
Starr targetting Korea market entry: report
The carrier will seek to enter the country’s travel and accident insurance markets from 2024 if it gets a licence later this year, a BusinessKorea report said.
