News Page 267 / 1086
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- December 11 2023
WTW rejigs South-East Asia, Singapore corporate risk and broking leadership
Rupert Roberts will take on a new role as head of South-East Asia for corporate risk and broking, while Christine Lau will lead the team in Singapore.
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- December 11 2023
Singapore mulls expanding policy owner protection to third-party liability, travel cover
MAS' consultation paper proposes to enhance the coverage, simplify design, and improve operational efficacy of the insurance policy owners' protection scheme and it is open for comments till February 16, 2024.
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- December 11 2023
China Taiping HK bottomline to ride on investment income as underwriting performance remains marginal: AM Best
The Hong Kong insurer's rating of A (excellent) with a stable outlook has been affirmed by the rating agency, however, noted that COR has been above 100% despite a steady decline in loss ratios coupled with lowering expense ratios.
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- December 11 2023
Berkley promotes Ernest Teng as head of financial lines as Cassandra Lee departs
Singapore-based Teng will oversee the Singapore financial lines team and fac businesses from South-East Asia, Mauritius and Japan.
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- December 11 2023
Sompo International taps Crawford for APAC claims head
Pablo Diago has joined the (re)insurer in Singapore and will report to Paul O’Neill, president of commercial lines insurance for the region.
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- December 11 2023
Korean Re’ underwriting to benefit from plan to offload unprofitable domestic personal lines: AM Best
The Korean reinsurer's rating outlook has been upgraded to positive from stable on a strengthening balance sheet, robust operating performance and unchallenged business profile fundamentals, the rating agency said.
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- December 11 2023
Wild weather troika of heatwave, bushfire, cyclone bear down on eastern Australia
Bureau of Meteorology (BOM) has put out a heatwave warning, a severe thunderstorm warning, a minor flood warning over the weekend even as Cyclone Jasper loomed.
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- December 8 2023
Asean reinsurers to set up regional renewable energy pool
Six South-East Asian reinsurers including Malaysian Re, which will be the pool manager, Indonesia Re, VinaRe, Cambodia Re, Thai Re and Nat Re have pledged to provide underwriting capacity.
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- December 8 2023
Tune Protect Re’s balance sheet strong, operating performance to improve post Covid-19: AM Best
The rating agency has revised the outlook of travel-focused Malaysian carrier Tune Protect Re to positive from stable and affirmed the financial strength rating of B++ (good).
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- December 8 2023
Howden names Wallace McLean’s Nigel Wallace as New Zealand CEO as brokers complete merger
The broker's current CEO René Hattingh will become head of technical delivery, initially concentrating on servicing clients in the scheme and affinity space and reporting directly to Wallace.
