News Page 296 / 1058
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- July 24 2023
Thai carrier Dhipaya handed negative rating outlook due to stress on capital buffer
AM Best, however, affirmed the A- (excellent) rating for the country's second largest general insurer due to strong operating performance, COR of 83.6%.
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- July 24 2023
Philippines, Hong Kong, China and Taiwan brace for typhoon
The slow-moving storm is picking up strength as it approaches north-eastern Philippines with the government issuing strong wind and rain warnings in Luzon.
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- July 24 2023
Chubb’s Greenberg urges ‘effort to limit bureaucracy’ to help GBA: report
The global CEO said the government has to "take down the financial regulatory borders between Hong Kong and Guangdong".
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- July 24 2023
Toa Re posts 6% growth in net premiums
Toa Re wrote US$2.26bn of premium for the year ended March 31, 2023.
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- July 24 2023
Marsh reports 8% underlying growth for Asia Pacific in H1 2023
Marsh McLennan global CEO John Doyle says Asia is one of the parts of the world where there's a "meaningful protection gap".
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- July 21 2023
AIG hires Chubb’s APAC P&C head as Australia CEO
Grant Cairns will also become head of Australia and New Zealand from the beginning of November and will report to Chris Colahan, AIG's APAC leader.
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- July 21 2023
Opinion: Australian flood inquiry needs to broaden scope to probe impact of state taxes, land use rules
A shortage of expert assessors, building labour and materials constraints, and the complexity of recovery and resilience programmes delivered by state governments exacerbate problems.
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- July 20 2023
Japan P&I Club returns to profit with 80% jump in premium income
A 10-15% rate increase, additional supplementary calls and sale of real estate assets helped the marine insurer script a turnaround.
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- July 20 2023
QBE raises FY 2023 cat budget to US$1.33bn
The insurer currently expects H1 2023 net catastrophe costs of around US$700m compared to an original budget of US$535m.
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- July 20 2023
Reliance General to receive US$24m equity infusion in group takeover: report
The capital infusion is crucial for the general insurer to increase its solvency margin to 175% from 155%.
