News Page 259 / 1059
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- October 27 2023
Sompo International hires from Axa XL for APAC head of crisis management, commercial P&C
Pei Ru Chiew was previously in Axa XL’s Singapore team as a senior underwriter of war, terrorism and political violence.
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- October 27 2023
Perils increases south-east Australia flood loss estimate to US$613m
The October event mainly impacted Victoria and NSW with property losses contributing 91% of the loss, while 9% were motor losses.
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- October 27 2023
Asian reinsurers will continue to post underwriting losses through 2024: S&P Global
These carriers have not yet managed to fully pass through higher retrocession costs to the direct insurers.
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- October 27 2023
Portfolio rejig to benefit Starr International Insurance Thailand: AM Best
The rating agency has assigned an insurer rating of A- (excellent) with a stable outlook.
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- October 27 2023
Sompo continues Singapore build-out with Paddy Harman hire
He joins from Allianz as a senior underwriter in Sompo's credit & political risk team as the specialty player expands its APAC commercial P&C capabilities.
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- October 27 2023
Cyber: Companies need proactive approach to cyber security in a deteriorating risk landscape
As we move toward the end of 2023, the risk landscape has deteriorated with cybersecurity attacks trending upwards.
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- October 27 2023
Marsh launches Japan JV broker targeting mid-to-large firms: report
The combination between MST and Marsh will focus on firms with annual sales of between US$200m to US$1.3bn.
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- October 26 2023
AIG names Cynthia Sze general manager for Hong Kong and Macau
Hong Kong-based Sze was most recently AIG's head of financial lines for Hong Kong, Macau, Taiwan and China.
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- October 26 2023
Labuan Re to report moderate growth ahead: AM Best
The rating agency has affirmed an insurer rating of ‘a-’ (excellent) for Labuan Reinsurance with a stable outlook.
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- October 26 2023
Starr Insurance hands Steve Gosnell additional role as head of liability for Australia
Melbourne-based Gosnell has been the American insurer's regional business development manager for APAC.
