News Page 314 / 1059
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- June 5 2023
Axa XL ropes in Evelyn Pang as global program and captive manager for Asia
Hong Kong-based Pang, who joins from Berkley Insurance Asia, will report to the (re)insurer's HK CEO Jamie Chambers.
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- June 5 2023
Petronas’ captive could see further stress ahead, outlook negative: AM Best
Outlook for Energas Insurance, which had a COR of 106% for FY 2022, has been downgraded to negative by the rating agency.
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- June 5 2023
Financial lines remain key to BMS Asia growth plans
The broker is focusing on 'building out and strengthening existing offices' in Asia, while seeking to be a 'viable alternative to the large broking houses' in Australia.
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- June 5 2023
Everest Insurance hires Glen Browne as head of international corporate strategy
Singapore-based Browne previously had a senior regional role for Chubb's personal lines business.
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- June 2 2023
Stephen Warwick joins Guy Carpenter to lead GC Access APAC
GC Access offers advice and placement services to MGAs with more than US$3bn in annual GWP and is seeking to grow in the region.
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- June 2 2023
Union Insurance to sustain growth, solvency ratio despite Covid losses: AM Best
The rating agency has affirmed an insurer rating of A- (excellent) with a stable outlook for the Taiwanese carrier.
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- June 2 2023
Miller taps Lockton’s Craig McCoig-Lees for APAC reinsurance build-out
Singapore-based McCoig-Lees will support the broker's facultative and treaty offerings in the region.
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- June 2 2023
China proposes new reinsurance board in Shanghai
An international reinsurance market will be set up in Shanghai free trade zone to promote the city as an international reinsurance hub.
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- June 2 2023
Indonesia Re likely to get capital injection from government in Q3 2023: Fitch
The reinsurer will continue under negative watch as its regulatory capital ratio dropped to 121% in Q1 reflecting reserve top-ups and a net loss.
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- June 1 2023
New Zealand EQC completes US$135m cat bond offering
The Singapore-domiciled ILS helps the earthquake commission raise its reinsurance tower to a record US$5bn.
