News Page 282 / 1059
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- August 30 2023
Starr International names Sean Chen as Singapore CEO
The experienced underwriter will report to APAC president Phil Finley who has relocated to Bangkok to oversee the firm's Thai operations.
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- August 30 2023
Exclusive: Reliance’s Jio Financial starts talks with global players for ambitious general insurance foray
India's biggest conglomerate will offer up to 50% stake in the insurer, for which it is already hiring senior executives, IAN understands.
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- August 29 2023
Ping An P&C H1 underwriting profit down 27.3% to US$411m, COR up at 98%
The Hong Kong-listed insurer's P&C premium income in the first half of 2023 grew 4% to US$21.4bn.
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- August 29 2023
MG Non-life sale process resumed, sets October 5 deadline for letters of intent: report
The Korea Deposit Insurance Corporation has kicked off its second attempt to sell the beleaguered general insurer following the dismissal of a lawsuit by the largest shareholder.
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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.
