News Page 263 / 1197
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- September 2 2024
Marsh elevates Gary Chua to Singapore president
Chua has been the chief client officer for the broker since January 2023.
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- September 2 2024
Miller expands sports and entertainment offering into APAC with senior hire
Siva Krishnan will head the new line in the region focusing on live events, sporting events and tours, sport associations and film & TV.
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- September 2 2024
India’s Aditya Birla Group completes sale of insurance broking arm
Following the deal, the intermediary business will be rebranded as Edme Insurance Brokers.
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- September 2 2024
Fubon Insurance returns to net profit, COR improves to 86.2% in H1 2024
The Taiwanese market leader's combined ratio dropped 37.2 percentage points from 123.4% a year ago as claims paid for the period more than halved.
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- September 2 2024
Aon hires Munich Re veteran as senior shipping specialist, Japan
In his new role, Hide Akagi will take on the role of business development for the shipping team in Tokyo and report to Stephen Rudman, head of marine for Asia.
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- September 2 2024
Toa Re America’s underwriting performance pressured by social inflation: AM Best
AM Best affirmed its "A" (excellent) financial strength rating and a stable outlook for Toa Re and its subsidiaries, including Toa Re's US subsidiary.
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- September 2 2024
Hong Kong H1 2024 P&C underwriting profit climbs 34% to US$250m
The improvement came despite net claims incurred during the period rose 9.3% year-on-year, as growth in overall premiums and smaller losses recorded in third-party motor insurance helped the sector's results, provisional data from the HKIA shows.
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- August 31 2024
China Re H1 2024 insurance revenue of domestic P&C reinsurance up 17.5% to US$3.3bn
Overseas P&C reinsurance and Chaucer and P&C insurance divisions grew 10.2% and 2.6% year-on-year, respectively.
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- August 30 2024
Aon’s White Rock sues China Construction Bank over Vesttoo fraud, claims US$140m
The lawsuit is another step to maximise recoveries for clients impacted by the Vesttoo fraud and make the bank accountable for the harm it has caused, Aon spokesperson told IAN.
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- August 30 2024
Losses from Australia’s costliest nat cat since 2023 rise to US$946m: ICA
Incurred losses for Christmas and New Year storms have increased from the previous estimate of US$905m, according to the latest data from the Insurance Council of Australia (ICA).
