News Page 284 / 1048
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- July 31 2023
Japan P&I Club sees increase in free reserves, ratings affirmed: S&P Global
The rating agency also revised the company’s financial risk profile upwards as its capital adequacy has improved to the 'AA' confidence level following a US$49m unbudgeted supplementary call.
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- July 31 2023
Korea’s evolving underwriting dynamics put reinsurance in focus
Carriers may need to improve underwriting discipline in light of the hardening market and rising interest rates.
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- July 31 2023
China Huanong P&C outlook negative over uncertainty in capital injection plan: Fitch
The BBB-rated Chinese general carrier's equity base had shrunk due to unrealised investment losses, the rating agency says.
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- July 31 2023
WTW appoints Anthony Wong as director, large accounts, corporate risk and broking Asia
Wong will relocate to Singapore to work with the broker's strategic clients and develop large and complex accounts capability in the region.
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- July 28 2023
Earthquake risk concentration weigh on Reasuransi Maipark’s earnings: Fitch
The rating agency has affirmed insurer rating A with a stable outlook for the Indonesian reinsurer.
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- July 28 2023
Bolttech names new Asia insurance exchange director
Stuart Watson joins from Aon where he led affinity and digital solutions strategy across Greater China, Japan and South-East Asia.
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- July 27 2023
Philippines eyeing national indemnity programme for 2024 after World Bank cat bond expiry
The country, hit this week by Typhoon Doksuri, is seeking US$37m in the 2024 national budget to cover the premium costs.
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- July 27 2023
Pacific International acquires 5.82% stake in Tower for US$8m
The Australian carrier acquired 22 million shares in the Kiwi general insurer.
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- July 27 2023
Steadfast, PSC among bidders for TA Associates’ Honan exit: report
The Goldman Sachs-run broker sale collected non-binding indicative offers from trade players and buyout firms for a deal that could be valued up to US$400m.
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- July 27 2023
CTBC Insurance announces US$95m capital reduction plan
The proposal is to offset losses following claims from Covid policies sold last year and the capital reduction will have no impact on its capital adequacy and net worth ratios.
