News Page 321 / 1088
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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.
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- August 4 2023
Falcon hires Jeff Sung as general manager as Furmen Chiu exits
Sung was most recently corporate business director, general insurance at Axa Hong Kong and Macau.
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- August 4 2023
Qin Lu becomes Aon’s Greater China CEO
He was most recently Greater China chief executive at Aon Reinsurance Solutions and head of commercial risk solutions, China.
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- August 4 2023
Perils revises New Zealand floods loss close to NZ$2bn
This latest estimate compares to NZ$1.65bn in its first loss report six weeks after the event.
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- August 4 2023
Taiwan insurers face high capital pressure despite eased rules: Fitch
Certain new amendments under the new solvency framework will also ease the burden on local insurers.
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- August 3 2023
Chubb promotes Serene Neo to APAC head of A&H
Singapore-based Neo started the role this week and reports to Ben Howell, head of consumer, Asia Pacific.
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- August 3 2023
Mixed picture for Asia’s P&C markets in Q2 as overall composite pricing flattens: Marsh
Hong Kong led the way in overall composite rate reductions at minus 6.6% and Taiwan climbed the highest at plus 24%.
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- August 3 2023
Aon Vietnam restricted on some placement activities after regulatory inspection
The broker has been restricted from placing property, construction, fire, life and health insurance for three months until October 21.
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- August 3 2023
The Hartford’s Philip Chan to retire with Ethan Tay to lead Hong Kong operation: source
Tay, the insurer's APAC head of financial lines, will take on the additional role of responsible officer for Hong Kong, subject to regulatory approval.
