News Page 263 / 1086
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- December 21 2023
Korean P&C insurer Hana appoints Samsung Fire & Marine’s exec as new CEO
In his new role, Bae Seong-wan, who spent more than 30 years at Samsung Fire & Marine, is expected to contribute to the growth of the carrier's long-term insurance.
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- December 20 2023
IRDAI hikes claims limit for appointment of loss adjusters for Cyclone Michaung losses
The increase in limit, which is applicable for two months, is to expedite the settlement of claims arising from the flooding in India's south-eastern coast.
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- December 20 2023
Australian insurers well placed to meet Jasper flood claims: S&P
Only insurers with high market shares in far north Queensland might trigger their reinsurance cat covers, the rating agency said.
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- December 20 2023
Gansu earthquake insured losses near US$2m as claims climb: NAFR
Insurers are processing claims "on fast track" as the country’s deadliest quake since 2014 has killed 113 and wrecked 155,000 homes in Gansu.
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- December 20 2023
Nexus sees continued growth in structured solutions across Asia
Challenging conditions in the treaty reinsurance market mean that cedents are increasingly looking for innovative solutions, says the MGA's Asia CEO Anthony Egerton.
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- December 19 2023
Zurich relocates New Zealand exec as Victoria state manager
Brett Wainhouse will start in his new Melbourne-based role in January 2024 after spending nearly a decade at the insurer's Auckland office.
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- December 19 2023
Japan antitrust regulator carries out on-site investigation on big four insurers over price fixing allegations
Tokio Marine & Nichido Fire, Mitsui Sumitomo, Aioi Nissay Dowa and Sompo Japan confirmed in separate announcements that they are being probed by the Japan Fair Trade Commission.
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- December 19 2023
Tokio Marine Holdings’ managing executive officer Robert O’Leary resigns
O'Leary has also been serving as the chairperson of the Japanese insurance group's US subsidiary Philadelphia Consolidated Holding since January 2021 and was formerly its president and CEO.
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- December 19 2023
Beijing cold snap hit non-life insurers with US$7m losses: NAFR
Record low temperatures and blizzards in the capital city have seen property & casualty insurers receive 5,389 claims as of last Friday, according to the regulator.
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- December 19 2023
Thai insurance regulator to give SMK 60 days to solve liquidity problems: report
The troubled non-life insurer is at risk of losing its licence, which could mean its liabilities, about US$860m now, will have to be covered by the OIC's US$40m General Insurance Fund.
