News Page 337 / 1087
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- June 19 2023
Asian Re rating outlook positive as it lays out plan to improve underwriting results: AM Best
The rating agency affirmed B+ (good) rating and noted that the reinsurer's COR has improved to 103.3%.
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- June 19 2023
Opinion: AI – threat or opportunity for Asia’s (re)insurance market?
Insurers are at an early stage of AI adoption, and with the risks comes reward, so carriers should embrace the revolution without overlooking the perils.
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- June 19 2023
FWD General Insurance to exit group medical in 2024, tail off employee compensation: Fitch
The rating agency has affirmed the Hong Kong carrier's rating at 'BBB+' (good) while its outlook has been revised to stable from positive.
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- June 19 2023
AUB completes US$10m share purchase plan
The proceeds will be used to increase financial flexibility and balance sheet strength to allow AUB to capitalise on its 'attractive M&A pipeline'.
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- June 16 2023
William Song to head MSIG’s Asia strategy and M&A functions
Felicia Er takes over from Song as the Singapore-based carrier’s chief risk officer.
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- June 16 2023
Philippines to get US$750m World Bank loan for ESG, expanding crop insurance
The policy loan will bolster environmental protection and fund new insurance products for smallholder farmers and support operations of the Philippine Crop Insurance Commission.
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- June 16 2023
Taikang-backed Tk.cn scripts underwriting turnaround with COR improving 29 points to 92%
Fitch has affirmed the Chinese digital non-life insurer's rating at A- with a stable outlook.
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- June 16 2023
Suncorp and ANZ agree bank merger conditions with Queensland as ACCC decision looms
Suncorp CEO Steve Johnston believes the group can more readily address issues such as climate change, affordability and resilience as 'a pure play insurance company'.
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- June 16 2023
Axa XL Re’s Japan CEO to step down
Takashi Oka will leave the global specialty (re)insurer on July 1 after seven years in the role.
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- June 15 2023
Fewer cyclones to make landfall in China, Korea, Taiwan and Vietnam in 2023: Guy Carpenter
The Philippines is set see a 'near normal' number make landfall as the weather shifts from La Niña to El Niño conditions.
