News Page 273 / 1261
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- December 16 2024
Allianz withdraws US$1.6bn offer to acquire Singapore’s Income Insurance
The pre-conditional offer was called off following the Singapore government's decision to block the deal.
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- December 16 2024
PetroVietnam to fully exit domestic insurance arm by end-2025
Petroleum firm plans to exit HDI Global-backed PetroVietnam Insurance Corporation (PVI) as part of a restructuring of state-owned companies.
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- December 16 2024
BMS New Zealand continues North Island expansion with appointment of Dan Ackroyd
Auckland-based Ackroyd, who has joined the firm as an executive broker, will work alongside recently hired director Nathan Richmond and executive broker Tim Emms.
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- December 16 2024
Delta Underwriting appoints Lucy Loh as Asia claims lead
Singapore-based Loh joins from Berkshire Hathaway Specialty Insurance and will help the MGA support its recent A&H expansion.
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- December 16 2024
Exclusive: Aon India transaction liability leadership departs
Five out of six staff, including Anand Kaul, deputy president - head of transaction liability insurance and credit solutions, are leaving the broker, IAN can reveal.
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- December 16 2024
Chinese broker Huize plans Philippines, Singapore foray
The move is part of the Nasdaq-listed insurtech platform’s target to generate 30% of its total revenue from overseas markets by 2026.
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- December 14 2024
Allianz to scrap US$1.6bn deal to acquire Income Insurance: report
The companies had difficulty finding a way to assuage government concerns, so they are likely to make an announcement about calling the deal off later this week.
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- December 13 2024
Korean Re reducing overseas property cat exposure: AM Best
The Korean reinsurer's long-term issuer credit rating has been upgraded to a+ (Excellent) while its financial strength rating of A (Excellent) has been affirmed, the rating agency said.
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- December 13 2024
Chubb taps Aon veteran Ben Holland as construction manager for ANZ
Melbourne-based Holland will strengthen the capabilities of the P&C leadership team and work closely with Jane Ravi, the carrier's energy & tech lines manager.
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- December 13 2024
Tune Protect Re to post moderate underwriting growth going forward: AM Best
The rating agency upgrades TPR’s rating to “bbb+” (good) from “bbb” (good), revises long-term outlook to stable from positive.
