News Page 352 / 1197
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- February 27 2024
Indian regulator approves Aon’s acquisition of Global Insurance Brokers
Aon and GIB will continue to operate independently until the transaction is completed in the coming months.
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- February 27 2024
Crawford appoints Wong Tai Onn as regional head for southern Malaysia
Reporting to country manager Nathan Hannah, Johor Bahru-based Wong will lead a team focused on claims that are incurred around southern peninsular Malaysia.
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- February 27 2024
Allianz Insurance Lanka promotes Prashant Grover to CEO
Grover assumed his new role from February 1, taking over from Alan Smee who is leaving the company for personal reasons.
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- February 27 2024
Tokio Marine Group earnings to improve on overseas profits: S&P Global
The rating agency affirmed the A+ rating of the Japanese group's core subsidiaries and the A-1 rating of Tokio Marine & Nichido Fire (TMNF) with a stable outlook.
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- February 26 2024
Hyundai Insurance’s FY 2023 underwriting income slumps 61% to US$395.2m
The Korean carrier's results took a hit from a 77.2% reduction in the underwriting income of long-term business and an 18% dip in commercial lines.
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- February 26 2024
Allianz Asia Pacific’s property & casualty FY2023 operating profit up 26%
P&C contributed about one-fifth of the global insurer’s operating profit from the region, where operating profit rose 33%.
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- February 26 2024
QBE appoints Swiss Re CorSo’s Vicgi Au as recovery manager for Asia
Kuala Lumpur-based Au will deliver recovery services, minimise claims loss cost, and work with cross-functional teams to optimise complex recoveries.
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- February 26 2024
Taiping Re may post FY 2023 underwriting loss on Turkey, Hong Kong cat exposures: Fitch
Higher retentions, reduced excess-of-loss coverage and increased retro cost are weighing on the reinsurer's performance, with its COR for the first half up at 106%.
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- February 26 2024
Markel appoints Ng Yao Hua as cyber security analyst in Singapore
Ng will support Markel’s cyber underwriting capability in the region, reporting to Simon Moi, head of professional and financial risks for Asia.
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- February 26 2024
Activists target Asian insurers lagging on climate action
A week of global action against insuring fossil fuels is on. In Asia, the campaigners will target Tokio Marine for a lack of meaningful restrictions on oil and gas, and the group's continuous involvement with the East African Crude Oil Pipeline.
