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- October 8 2024
Asian power insurance sector sees a return to ‘buyers’ market’: WTW
Renewal rates outside China are seeing a reduction of up to 10% for well-managed assets and rates are expected to further soften over the next 12 months.
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- October 8 2024
Australia to experience more severe cyclones this season on warmer seas
The Bureau of Meteorology also warned of severe thunderstorms, flooding and heatwaves until next April.
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- October 8 2024
Seoul Guarantee Insurance’s H1 loss ratios worsen as claims surge: report
Total claims paid out in the first six months reached nearly US$400m, an all-time high, and is expected to nearly double by the end of 2024.
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- October 8 2024
AA Insurance fined US$3.8m for overcharging & misleading customers: report
The High Court in Auckland found AA Insurance failed to apply discounts and misled customers in its marketing material, according to a local media report.
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- October 7 2024
India’s Tata AIG General Insurance MD & CEO Neelesh Garg quits: report
Garg, who has been heading the joint venture between Tata Group and AIG for over nine years, will likely start his own venture, according to a local media report.
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- October 7 2024
Indian regulator urges insurers to go public: report
In its meetings with senior insurance officials, IRDAI is nudging companies that have been in operation for more than a decade to list in a bid to align with global corporate governance standards.
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- October 7 2024
QBE Singapore elevates Joyce Cheong to head of claims, people & asset risk
Cheong is responsible for all people-related risk claims such as accident, health, workers compensation and injuries, and asset-related losses including property, motor and engineering damages.
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- October 7 2024
MNK Group launches reinsurer in Labuan, appoints CEO
The London-based insurance group's new Asia-focused carrier, to be called Mekong Re, will see Rajguru K taking the helm as chief executive.
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- October 7 2024
Hartford Asia powers up financial lines underwriting with Melanie Ho hire
Based in Hong Kong, Ho joined from Chubb where she began her insurance career in 2021 as an assistant underwriter.
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- October 7 2024
Typhoon Krathon’s economic losses likely reach ‘tens of million’ in Taiwan, Philippines
The local government in Taiwan's Keelung city estimated that restoration and rebuilding work related to typhoon Krathon will cause US$14.8m according to local media citing city mayor George Hsieh.
