News Page 312 / 1059
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- June 9 2023
Guy Carpenter eyes growing APAC MGA sector with Steve Warwick
The broker's APAC CEO Tony Gallagher says the regional program market has seen tremendous growth in recent years.
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- June 9 2023
Tokio Marine Indonesia’s 2022 COR at 84%: AM Best
The credit rating agency has affirmed an A- (excellent) rating with a stable outlook for the Indonesian carrier.
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- June 9 2023
Hyundai Marine to benefit from transition to IFRS 17: AM Best
The carrier was facing 'considerable pressure' on its capital position in FY 2022 due to valuation losses, which can now be reduced.
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- June 9 2023
BHSI promotes Dimitry Zilberud to head of marine – retail, Australasia and US
Zilberud was most recently Berkshire Hathaway Specialty Insurance's head of marine, Australasia.
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- June 9 2023
Beazley, Markel and Newline launch Asia D&O pool
The Lloyd's pool will have US$30m capacity per risk and a single contact for claim management.
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- June 9 2023
Gallagher Australia recruits Richard Malton to bolster mining capabilities
Brisbane-based Malton joins from Marsh and is a mining sector specialist.
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- June 8 2023
GIC Re set to appoint Ramaswamy Narayanan as chairman
The government will also appoint United India Insurance general manager Rajeswari Singh as chairman and managing director of National Insurance.
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- June 8 2023
Sri Lankan insurers’ profits to be hit by inflation, currency devaluation: Fitch
Underwriting profit for P&C insurers to be squeezed by rising motor spare-part costs, while sparse foreign-currency liquidity is hampering firms.
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- June 8 2023
Dual targets cyber growth in Australia and New Zealand with Marsh hire
Melbourne-based Samuel Rogers becomes the MGA's first head of cyber for the countries and reports to Damien Coates, Asia Pacific CEO.
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- June 8 2023
QBE joins New Zealand EQC to expand cat insurance programme
The carrier will be the ninth insurer to partner with the earthquake commission when it starts on July 3.
