News Page 262 / 1316
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- May 8 2025
Ex-Tropical Cyclone Tam 15th event to top AU$10m for Suncorp
The 15 events and other attritional natural hazard costs have meant natural hazard costs for the 10 months to April 30 are expected to be AU$1.1bn,
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- May 8 2025
‘Industry legend’ Paul Schappacher returns to AIG Australia as senior commercial property underwriter
Melbourne-based Schappacher previously worked at Chubb, Suncorp, Great Lakes and Zurich.
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- May 8 2025
Analytics: Hong Kong’s P&C reinsurance market narrows gap with Singapore
Hong Kong benefitted from RBC implementation in 2024, however, Singapore retained top spot in terms of GWP and underwriting results.
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- May 7 2025
Guoren P&C to maintain capital buffer to support growth, profitable underwriting: Fitch
Fitch affirms insurer rating of BBB+ for the Chinese non-life insurer.
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- May 7 2025
India’s Iffco-Tokio launches surety bond insurance: report
Construction industry has reportedly offered bank guarantees worth INR1.7 trillion (US$20.1 billion), which is projected to grow to INR3 trillion by 2030.
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- May 7 2025
Axa XL appoints veteran Marc Audrin as APAC, Europe CFO
Dublin-based Audrin has been at the Axa Group for over 32 years, with his most recent role being Axa XL's CFO for APAC, Europe and XL Insurance Company SE.
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- May 7 2025
Malaysia’s P&C underwriting profit 11% down, claims incurred up 18.8% in 2024: PIAM
Industry's GWP grew by 6.9% to US$5.4bn in 2024, mostly driven by vehicle sales and infrastructure development, according to the General Insurance Association of Malaysia.
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- May 7 2025
Korean non-life carriers’ overseas branches see net income surge to US$95m
Increase attributed to base effect of natural catastrophes in 2023, including Typhoon Mawar in Guam and a wildfire in Hawaii.
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- May 7 2025
APAC insurers remain resilient amid trade tensions, volatile markets: S&P
However, rising tariffs, market volatility, and currency fluctuations could strain earnings and slow premium growth.
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- May 7 2025
Asia firmly in Markel’s sights as it seeks to ‘equip, empower’ amid global leadership shake up
Lloyd’s underwriter continues the hunt for an Asia Pacific CEO to succeed Christian Stobbs, who is returning to the UK.
