News Page 352 / 1175
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- December 22 2023
FSA to issue business improvement orders to Japan’s big four for price-fixing: report
The regulator has determined that there were deficiencies in the company's internal control system, including rampant transactions that could potentially constitute cartels.
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- December 22 2023
Everest elevates Singapore-based Glen Browne to global head of A&H
Browne, who joined the insurer in June as head of international corporate strategy, will continue to report to co-head of international Adam Clifford.
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- December 22 2023
Pankaj Agrawal to head Gujarat & central zone for Howden India
Agarwal, who joins from general insurer ICICI Lombard, will focus on business development, profitability, growth and enhanced operational efficiency.
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- December 22 2023
Tokio Marine board shake up will see new group chairman and CEO for Japan non-life arm
Hiroaki Shirota will take over as CEO of Tokio Marine & Nichido Fire from April 1 as current chief executive Shinichi Hirose is set to become chairman of the board of directors with Satoru Komiya stepping down.
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- December 21 2023
IRDAI reviewing 19 general insurance licence applications: report
The Indian insurance regulator plans to licences more companies to increase insurance penetration under its insurance for all by 2047 policy.
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- December 21 2023
ICA declares ex-cyclone Jasper insurance catastrophe as carriers get 3,800 claims
The escalation would result in prioritising claims for affected policyholders across the region.
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- December 21 2023
Axa XL bolsters APAC & Europe team with two senior appointments
Sydney-based Julijana Sumner has been promoted to chief claims officer, while Paris-based Sandhya Louis has become chief operating officer.
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- December 21 2023
IAG finds interim group general counsel after Horton’s departure
The Australian insurer, which is facing litigation over US$4.7bn in claims, has commenced an internal and external search for a permanent replacement.
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- December 21 2023
Korean P&C insurer Hana appoints Samsung Fire & Marine’s exec as new CEO
In his new role, Bae Seong-wan, who spent more than 30 years at Samsung Fire & Marine, is expected to contribute to the growth of the carrier's long-term insurance.
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- December 20 2023
IRDAI hikes claims limit for appointment of loss adjusters for Cyclone Michaung losses
The increase in limit, which is applicable for two months, is to expedite the settlement of claims arising from the flooding in India's south-eastern coast.
