News Page 303 / 1101
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- October 24 2023
Vesttoo creditors seek to liquidate company and terminate all employees
The troubled insurtech, which the creditors' motion said is "viewed as the Madoff of insurance", is to file a response and expects the Bankruptcy Court to rule in November.
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- October 24 2023
Seoul Guarantee Insurance calls off US$267m IPO due to poor institutional demand: report
The offering failed to get an "appropriate valuation" as investors raised concerns about high interest rates, lack of growth potential and additional share sale overhang.
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- October 24 2023
BHSI promotes Sami Jaghbir to Queensland underwriting manager
Brisbane-based Jaghbir will develop the carrier's regional market presence across all business lines, reporting to Mark Lingafelter, president of Australasia.
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- October 24 2023
Taiwan non-life insurers to fully recover from pandemic challenges by year-end: AM Best
The rating agency maintained a negative outlook on Taiwan’s non-life insurance segment, citing increased reinsurance costs and a decline in the asset base.
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- October 24 2023
Beazley’s financial lines offering riding on new products in APAC
The Lloyd's player is looking beyond just bringing capacity but providing added value, says regional manager Nicholas Tey.
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- October 24 2023
Liberty Specialty Markets hires Cristin Li as senior underwriter
Hong Kong-based Li will look after the insurer's war and terrorism portfolio in north Asia.
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- October 24 2023
Japanese broker Toyota Tsusho joins Brokerslink network
The Toyota group company that provides insurance and reinsurance broking, captive management, global insurance program management and risk consultancy has offices in 13 countries.
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- October 23 2023
Luen Fung Hang’s 2022 COR at 58%, bancassurance model gives competitive advantage: AM Best
Macau’s second-largest general insurer’s financial strength rating of A(Excellent) has been affirmed.
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- October 23 2023
New India Assurance’s underwriting results remain constrained despite improving performance: AM Best
The rating agency has affirmed a financial strength rating of B++ (Good) for the Indian state-backed general insurer.
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- October 23 2023
Strait of Hormuz in spotlight as Middle East war risks rise
With a huge amount of oil and gas passing through the strait everyday, Asia's marine (re)insurance market on high alert as regional tensions escalate and premiums rise.
