News Page 272 / 1048
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- August 29 2023
Howden taps Aon’s Abhijit Sethi for India chief operating officer role
Sethi, who was chief broking officer for Aon, will oversee pan-India placements, and has been tasked to optimise business operations for the broker.
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- August 29 2023
Tune Protect in H1 profit turnaround with COR registering 95.4%
The Malaysian carrier's US$3.1m positive result was supported by its investment performance, while travel premiums climb above pre-Covid levels.
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- August 29 2023
ZhongAn P&C reports 46% underwriting profit jump as COR improves to 95.8%
The insurer, which returned to profit after a loss in H1 2022, saw total GWP for H1 2023 reach US$2bn, an increase of 37.5%.
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- August 29 2023
Strata Community Insurance MGA hires Western Australia underwriter
Daniel Wales-Harding has relocated from London and will be based in Perth, reporting to Ian Mundy, state manager, Western Australia.
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- August 28 2023
Indian government reneges on capital support to state-owned general insurers: report
The government last year provided US$600m in capital to National Insurance, Oriental Insurance and United India Insurance to meet regulatory solvency norms.
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- August 28 2023
Typhoon Saola causes flooding in the Philippines, threatens Taiwan, China and Hong Kong
The storm, also known as Goring, will exit the Philippine Area of Responsibility on Thursday and cross the Taiwan Strait before nearing southern China with a landfall area currently uncertain.
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- August 28 2023
China Pacific’s P&C H1 COR climbs to 97.9% as underwriting profit falls 12% to US$252m
The general insurer's liability line of business grew 35% and agricultural premiums saw a 34% year-on-year increase.
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- August 28 2023
Sunshine P&C’s H1 COR improves to 98.2%; boosts liability and cargo GWP
The HK-listed and Beijing-headquartered insurer reduced guarantee insurance premiums by 45%, while liability premiums increased 41% and cargo by 215%.
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- August 25 2023
Tokio Marine China’s premium growth could be under pressure from tightening reinsurance rules: Moody’s
The rating agency has affirmed A2 rating with a stable outlook for the subsidiary of the Japanese insurer.
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- August 25 2023
China Taiping’s P&C H1 domestic profit falls 68%; Taiping Re’s COR increases to 105.8%
The group's overseas P&C insurance business, which has units in Hong Kong, Macau, Indonesia and Singapore, saw net profit climb 10%.
