News Page 348 / 1332
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- December 6 2024
China Taiping opens representative office in Dubai
The establishment of the office, located in DIFC, will help the carrier support Belt and Road initiative.
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- December 6 2024
Vietnam’s Petrolimex Insurance could see volatility ahead over Yagi losses: AM Best
AM Best has affirmed an insurer rating of B++ (good) with a stable outlook to PJICO.
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- December 5 2024
New Zealand’s Southern Response to slash headcount as Canterbury earthquake claims grant nears end: reports
The roles would be reduced by at least 15 personnel to about eight or nine by June 2025 when the Crown package, which has already settled 9,019 claims or about 96% of the eligible applicants, is expected to be wound up.
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- December 5 2024
Nat cat insured losses to cross US$135bn in 2024: Swiss Re
For the fifth consecutive year, insured losses from natural catastrophes broke the US$100bn mark, Swiss Re Institute data shows.
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- December 5 2024
Oona names FWD’s Praveen Paladugu as group agency distribution head
Paladugu will oversee agency distribution channels for the Warburg Pincus-backed carrier across Indonesia and the Philippines.
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- December 5 2024
RAC Insurance engages Barrenjoey for strategic review: report
The review aims to identify growth opportunities and enhance competitiveness in a changing market. This includes potential expansions into areas such as driverless cars and smart home technologies.
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- December 5 2024
D&O segment could see further volatility in 2025: Allianz
The overall market size will continue to retract, driven by rate erosion, smaller limits being purchased by customers, and very limited new opportunities given slow capital market activities.
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- December 5 2024
Generali to exit Philippines life insurance business
Insular Life Assurance Company will buy the Italian carrier's unit, with completion expected by H1 2025.
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- December 5 2024
Australia braces for above-average rainfall in December: BOM
The impact of the storms could be catastrophic, with the risk of fallen power lines, flash flooding, damaging winds and falling trees, says Bureau of Meteorology.
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- December 4 2024
QBE Asia elevates Klaas Dijkstra to chief operating officer, Asia
Hong Kong-based Dijkstra will lead strategy development, business transformation, and data & analytics initiatives across Asia.
