News Page 343 / 1139
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- October 17 2023
China Taiping’s ratings upgraded on improving margins, risk control: S&P Global
The Chinese carrier's earnings will stabilise going forward and it will reduce debt in the next two years, the rating agency said.
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- October 17 2023
Swiss Re CorSo in China exploring mid-market opportunities
Specialist offerings like international program, parametrics, digitalisation and distribution partnerships key to its plans, according to Greater China CEO Jeffrey Pan.
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- October 17 2023
Newline builds out Australia team with two new hires
Professional indemnity underwriter Arion Reuter and administration and underwriter support officer Arthi Govindarajan have recently joined the carrier's Melbourne office.
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- October 16 2023
IRDAI restrains bidder to pledge Reliance General shares for parent sale: report
RBI-appointed administrator of debt-ridden R-Cap has written to Hinduja Group firm to submit a fresh application along with the source of funds and the business plan.
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- October 16 2023
CDB Aviation receives US$194m payout from Russia’s NSK over Aeroflot claims
Parent China Development Bank Financial Leasing said the payment covers four undisclosed aircraft, and that CDB will continue proceedings against other insurers in the Irish courts.
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- October 16 2023
Howden secures US$608m of Lloyd’s capacity for MGA tech startups
Howden Ventures has capacity provided by Lloyd’s underwriters, including Tokio Marine Kiln, Chaucer and Liberty Specialty Markets.
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- October 16 2023
Tower reports lower cyclone costs, spurt in GWP growth; upgrades FY profit forecast
The Kiwi P&C player has revised its net profit after tax guidance for FY 2023 to between US$4.2m to US$5.9m based on preliminary results.
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- October 16 2023
PICC injects US$280m into PICC Reinsurance
The company said the cash injection, which will boost capital to around US$760m, will help the reinsurer support business development and strengthen synergies.
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- October 16 2023
Opinion: Asian (re)insurers are waking up to a new typhoon loss reality
2023 has been a wet one across the region, while the size, intensity and frequency of windstorms appear to be increasing, especially in China.
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- October 16 2023
WTW ropes in Jill Comley-Forbes as New Zealand country head
She takes over from Michael Brown, who will take up a new role focused on client-facing work.
