News Page 320 / 1087
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- August 8 2023
Australian loss adjuster ANA sells stake to vrs Vering
ANA Chartered Loss Adjusters will be rebranded as vrs ANA with managing director Jaye Kumar to oversee the newly established vrs Asia Pacific.
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- August 8 2023
Aon appoints Jamie Wan as director, transaction solutions, Asia
Singapore-based Wan reports to Xianwei Lee, head of transaction solutions, Asia.
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- August 8 2023
Taishan P&C’s 2023 underwriting result hinges on motor claims: Fitch
Fitch Ratings has affirmed an insurer rating of 'BBB+' for the Chinese insurer, with a stable outlook.
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- August 7 2023
AM Best upgrades DB Insurance’s rating to A+ as underwriting ‘outperforms’ peers
DBI is South Korea's third-largest non-life insurer with a market share of around 17% of GWP in 2022.
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- August 7 2023
BHSI names Louis Bidmead as head of transactional liability, Asia and Middle East
Singapore-based Bidmead, formerly at AIG, reports to Scotland Walsh-Riddle, head of executive & professional liability for Asia.
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- August 7 2023
Gallagher makes two senior hires for Asia financial lines push
Robert Sinclair joins the broker as director, wholesale & reinsurance placement - Asia and Chongting Xia becomes associate director, financial lines, Greater China.
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- August 7 2023
MGA Circles rings changes in Asia as Tommy Elliot takes on global CUO role
Khadinn Khan becomes responsible officer role for Hong Kong, while Kenneth Tan will oversee the specialty MGA's Singapore office.
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- August 4 2023
Swiss Re P&C Re posts 94.7% COR for H1
Swiss Re P&C Re's global net profit surged to US$904m in the first six months of 2023, helped by fewer cat losses in Q2. July 1 renewals saw prices increase 21%.
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- August 4 2023
Suncorp ‘surprised’ and ‘disappointed’ at ACCC bank sale rejection
The regulator said it is not satisfied that the proposed sale to ANZ is "not likely to substantially lessen competition".
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- August 4 2023
China’s P&C underwriting to be hit by more extreme events after record Beijing rainfall: S&P
The rating agency expects the recent flooding event to result in "a modest hit" to the sector, but the country is still in the Q3 cat season.
