News Page 260 / 1164
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- July 8 2024
Tokio Marine Kiln taps Zurich’s Yang Yixiang as head of Asia Pacific A&H
The appointment is aligned with the specialty insurer's strategy of doubling its premiums written in the region through its Lloyd’s Asia platform by 2027.
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- July 8 2024
Insurance claims from southern China heavy rain and floods hit US$344m: report
Insurers have settled about a third of the total claims filed. The heavy rain and floodwaters in Hunan breached a stretch of the dyke of China's second-largest freshwater lake.
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- July 8 2024
India’s general insurers pull back from state flagship crop insurance scheme in FY 2024: report
Gross premium fell 4.2% to US$3.7bn for the 12 months ended March 2024, at a time when farmers were grappling with heavy crop losses due to floods, unseasonal rains and heatwaves.
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- July 8 2024
Marsh promotes Katie Stephenson to head of corporate & commercial for Queensland
Brisbane-based Stephenson has held various positions at Marsh and was its corporate commercial leader for Northern Territory before the promotion.
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- July 8 2024
Pacific Islands captive PCRIC’s FY2023 net underwriting profit down 5%
Thanks to a World Bank grant support it recorded a US$1.4m surplus for the year. The company sold a total of eight policies while incurring zero claims.
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- July 8 2024
PSC Insurance Brokers elevates Kylie Stephens to managing principal
Darwin-based Stephens was previously a senior account manager at the Australian broking group which she joined in September 2023.
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- July 8 2024
HDI Global hires Sangeeta Chandra as Queensland marine underwriting manager
With over two decades of the industry experience, Brisbane-based Chandra joined from Steadfast Group-backed NM Insurance.
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- July 8 2024
Australian MGA Artisan Underwriting partners with Liberty Specialty Markets on finpro cover
The MGA, set to launch in August, has signed a three-year binding agreement with the specialty insurer to provide financial lines cover for start-ups and SMEs.
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- July 6 2024
APAC to account for 8% of non-US cyber premium growth by 2030: Howden
Despite cyber insurance pricing dropping by 15% from the 2022-peak, growth opportunities abound especially among new geographies such as Asia Pacific, and niche segment such as SMEs, Howden said in its annual cyber report.
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- July 6 2024
Mapfre Re seeks China expansion via new subsidiary in Beijing
The recent approval from the financial regulator will allow the Spanish reinsurer expand its business in the country where it has until recently maintained a presence through a representative office.
