News Page 279 / 1137
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- April 1 2024
April 1 renewals see ‘dramatic shift’ in favour of cedents: Aon
Japan property cat rates were flat to slightly reducing, while South Korea, China and India also saw increased competition for catastrophe business.
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- March 28 2024
Insurtech Qoala raises US$47m in latest funding round co-led by PayPal Ventures
PayPal Ventures co-led the latest funding round with MassMutual Ventures, bringing the Jakarta-based insurtech's total funding raised to US$130 million since its inception.
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- March 28 2024
Baltimore bridge collapse’s insured losses could hit US$4bn: report
Insured losses could total range from US$2-4bn, with 80 different reinsurers having provided cover to the Singapore-flagged container vessel's insurers, Reuters reports.
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- March 28 2024
China Re returns to profit on strong FY2023 primary P&C, overseas growth
China's largest P&C reinsurer said lower cat losses, and improved rate conditions at its wholly-owned Chaucer also helped it achieve a 18% growth in overseas reinsurance gross written premium.
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- March 28 2024
Vietnam’s PVI Insurance strong underwriting results set to sustain: AM Best
Vietnam's largest non-life insurer's financial strength rating, at "A-" (excellent), was affirmed on its strong performance and support from parent, German insurer HDI Global SE.
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- March 27 2024
WTW taps Marsh for India credit insurance leader
Mumbai-based Rishabh Karnik will help develop the broker's financial solutions offerings.
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- March 27 2024
Marsh Asia appoints Alexander Pui to its climate and sustainability advisory team
Tokyo-based Pui was previously executive manager, climate scenario analytics, at Commonwealth Bank for nearly two years from March 2022
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- March 27 2024
China expands national nat cat pool to cover perils beyond earthquakes
The nat cat insurance mechanism will now also include typhoons, floods, torrential rains, mudslide and landslide, it will double limits per household, as well as support commercial cat cover.
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- March 27 2024
Canopius Asia hires Patrick Fyson as APAC property head
Singapore-based Fyson will look to grow the company’s property underwriting business in the region.
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- March 27 2024
Malaysia’s Etiqa General Insurance, Takaful “A” ratings affirmed on strong earnings
The rating agency affirmed an insurer financial strength rating of "A" (strong) to the five subsidiaries of Maybank Ageas Holdings Berhad with a stable outlook.
