News Page 368 / 1050
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- November 23 2022
Ardonagh snaps up Australia’s Envest for US$320m
The Brisbane-based firm, which owns broker consolidator the Aviso Group, will continue to be led by Greg Mullins and trade under the same brand.
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- November 23 2022
China Huanong on rating watch over rapid growth in risky assets: Fitch
The Chinese non-life insurer's risk-assets ratio nearly doubled in nine months to 49% by the end of Q3.
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- November 23 2022
Aon Indonesia appoints Inti Amaliah as head of reinsurance
Amaliah joins the global broker after a four-year stint with Willis Re.
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- November 23 2022
Fosun mandates Deutsche Bank for Peak Re sale: report
The formal process has yet to kick off, and information memorandums to potential buyers are likely to be sent by year-end, the report said.
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- November 23 2022
Allianz to join Australian cyclone reinsurance pool in January 2023
The insurer said the average premium offered to existing customers exposed to cyclone and related flooding risk will be around 6% lower.
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- November 22 2022
Hanwha General’s performance helps outlook improve to ‘stable’: Moody’s
Lower claims on motor and long-term medical insurance have helped the Korean firm.
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- November 22 2022
MS&AD to reduce headcount by 6,300 by end of FY 2025
1,900 roles will go by the end of March 2023 as the Japanese giant charts out a three-point plan to improve earnings structure.
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- November 22 2022
RBNZ proposes to vet insurers’ senior management hires
The industry regulator wants to ensure proper assessments of the senior management candidates before their appointment.
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- November 22 2022
Korea set to relax insurance industry regulations
The regulator proposes to allow insurers to set up single-product subsidiaries, relax online marketing rules and raise the derivatives trading ceiling.
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- November 21 2022
CBIRC tightens insurance security fund rules
The new rules that will come into effect on December 12 will replace the risk-oriented rate system of the fund with a flat-rate system.
