News Page 276 / 1075
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- October 25 2023
Allianz Commercial names Jude Cross as Asia head of property
He will report directly to Christian Sandric, regional managing director, Asia with a matrix reporting line to Michael Martin, global head of property.
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- October 25 2023
Yingda Taihe Property Insurance to report solid underwriting results going forward: Fitch
The rating agency has affirmed an insurer rating of A (strong) for the company with a stable outlook.
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- October 25 2023
Philippe Bouchet returns to Axa XL as head of art expertise, APAC & Europe
After leaving the carrier in 2021, Paris-based Bouchet rejoins to support the implementation of fine art and private clients strategy in Europe, Asia and Australia, in close partnership with regional and local underwriting and distribution teams.
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- October 24 2023
Zurich to underwrite RentCover’s landlord policies in Australia
Existing customers will have their policy underwritten by Zurich at renewal and new customers from December 1, 2023.
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- October 24 2023
Chubb veteran Ben McGregor named head of property for APAC & Japan
Singapore-based McGregor will be responsible for the insurer's property line of business in the region from December 1, reporting to Paul McNamee, regional president of Asia Pacific.
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- October 24 2023
Vesttoo creditors seek to liquidate company and terminate all employees
The troubled insurtech, which the creditors' motion said is "viewed as the Madoff of insurance", is to file a response and expects the Bankruptcy Court to rule in November.
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- October 24 2023
Seoul Guarantee Insurance calls off US$267m IPO due to poor institutional demand: report
The offering failed to get an "appropriate valuation" as investors raised concerns about high interest rates, lack of growth potential and additional share sale overhang.
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- October 24 2023
BHSI promotes Sami Jaghbir to Queensland underwriting manager
Brisbane-based Jaghbir will develop the carrier's regional market presence across all business lines, reporting to Mark Lingafelter, president of Australasia.
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- October 24 2023
Taiwan non-life insurers to fully recover from pandemic challenges by year-end: AM Best
The rating agency maintained a negative outlook on Taiwan’s non-life insurance segment, citing increased reinsurance costs and a decline in the asset base.
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- October 24 2023
Beazley’s financial lines offering riding on new products in APAC
The Lloyd's player is looking beyond just bringing capacity but providing added value, says regional manager Nicholas Tey.
