News Page 27 / 1002
-
- November 18 2024
China Re’s overseas P&C business posts robust growth, says AM Best affirming its rating
The rating agency noted Chaucer continues to be the major driver of overseas non-life reinsurance revenue.
-
- November 18 2024
Allianz Commercial appoints Ben Church as head of broker distribution for Australia
The appointment comes after Sydney-based Church had assumed this role in an acting capacity six months ago.
-
- November 15 2024
QBE’s Gordon Wong joins MSIG Hong Kong as senior vice president
In his new role, Wong will drive all intermediate business and oversee the growth of broker, agency and Macau channels.
-
- November 15 2024
‘No guarantee’ Allianz-Income deal will proceed, discussions ongoing
Allianz and Income Insurance said they are still having discussions on amendments to the proposed acquisition deal.
-
- November 15 2024
Emerging capital standards to increase Korea, HK and Taiwan insurance consolidation: Fitch Ratings
Regulators in the Asia Pacific region are upgrading existing solvency frameworks with a growing emphasis on aligning with ICS, IFRS 17 and other global regimes.
-
- November 15 2024
UN climate alliance launches net-zero transition guide for insurers
The transition plan project presented at the 2024 UN Climate Change Conference (COP29) in Azerbaijan and includes an assessment of underwriting portfolios, value chains and actors involved in the landscape of emerging policies and regulations.
-
- November 15 2024
Mitsui Sumitomo to offer Australia SME capacity to Argyle Insurance
The multi-year agreement, starting January 1, 2025, will offer business insurance packages with an extended combined limit of up to US$4.52m.
-
- November 15 2024
Singapore’s MS First Capital Insurance’s rating outlook upgraded to positive
The global rating agency revises MSFC’s outlooks to positive, affirms financial strength rating of A (excellent) and long-term issuer credit rating of “a+” (excellent).
-
- November 15 2024
Hannover Re Malaysia to axe about 30 roles in data and technology, special project teams
The reinsurer told IAN that it has decided that a "very limited number of non-underwriting jobs are no longer required" and is working with the affected colleagues on all possible alternatives.
-
- November 15 2024
South Korea’s non-life insurance outlook stable on new regulations, strong P&C, motor results: AM Best
In terms of challenges faced by the segment, AM Best highlighted slower expansion of auto insurance owing to recent rate cuts and sluggish growth in motor vehicle registrations as a key factor.
