News Page 264 / 1048
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- September 15 2023
Opinion: Hong Kong’s insurance players should step up risk mitigation for clients and the city
While paying claims and looking after clients is the immediate priority, the market should spend more effort making sure buildings are better managed, rain or shine.
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- September 15 2023
Taiwan P&C insurers resilient under cat risks, says regulator after stress test
The test results showed that the overall capital adequacy ratio of the island's P&C insurance was 337.2%, while net worth ratio stayed at 19.62%,
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- September 15 2023
Miller taps Lockton’s Richard Broad as head of treaty reinsurance APAC
Singapore-based Broad's appointment follows a recent leadership rejig at the specialist broker that saw Nigel Cross named head of facultative reinsurance in the region.
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- September 15 2023
Lockton names Piers Hughes Asia head of reinsurance
Hughes, who started in the role on September 13, will continue to be based in Singapore and report to Warren Merritt, regional CEO - Asia Pacific.
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- September 14 2023
Markel to expand in Australia with three new offices
The specialty insurer will be headquartered in Melbourne and headed by Axa XL's Rory Morison, who will start on September 27.
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- September 14 2023
Steadfast acquires Riskcom and its subsidiary to expand risk management capabilities
Riskcom and BRM will retain their brands and continue to operate as standalone businesses.
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- September 14 2023
Pacific & Orient Insurance to see more underwriting stress ahead: Fitch
Fitch Ratings has affirmed the company an insurer rating of'BBB+' (good), with a stable outlook mainly taking into account strong capitalisation.
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- September 13 2023
Record rains add ‘further pressure’ on Hong Kong’s reinsurance renewals: AM Best
The impact of the black rainstorm is likely to be more of an earnings event for the market, rather than a material hit to capital adequacy, the rating agency noted.
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- September 13 2023
Aon names financial services industry veteran as Asia Pacific COO
Singapore-based Jeff Plein, who joins from Citibank, will report to global chief operating officer Mindy Simon and Asia Pacific CEO Anne Corona.
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- September 13 2023
Indonesia’s Mega Insurance to pare credit insurance portfolio: Fitch
Fitch Ratings has affirmed an insurer rating of 'A+ for the company with a stable outlook while its COR improved to 87% in FY 2022 as against 93% in FY 2021.
