News Page 293 / 1058
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- August 1 2023
Asia saw ‘double-digit’ D&O price decreases in Q2 as cyber rose 8%: Marsh
Composite insurance pricing in the region was flat as hikes in property and cyber were offset by a decline in casualty and financial and professional lines rates.
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- August 1 2023
Australia’s SGUA approved as Lloyd’s coverholder
A specialist in residential investment properties since 1991, SGUA will leverage the Lloyd’s market from August 1 onwards.
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- July 31 2023
Nautilus Marine acquires SPT Insurance’s personal watercraft portfolio
The marine specialist MGA had entered into a business partnership a year ago with SPT to manage and underwrite this portfolio.
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- July 31 2023
Ben Carey to join Chubb as APAC head of field operations
Carey, who is leaving Everest Insurance, will start the newly created role in Q1 2024 and be based in Singapore.
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- July 31 2023
Everest Insurance’s Swee Keong Mah named interim Asia head
Singapore-based Mah, who is the head of legal, Asia Pacific, was handed charge on July 28 following Ben Carey's exit.
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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.
