News Page 370 / 1086
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- March 13 2023
Howden to ‘consider strategic acquisition opportunities’ in Asia: Chye Huat
IAN spoke to the Howden Asia CEO on the broker's plans for regional growth and key risk opportunities in energy, cyber, nat cats, and employee benefits.
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- March 13 2023
Fac broker Reggie Choo to join Miller in Singapore
Choo joins Miller from Bowring Marsh at a time when facultative (re)insurance becomes increasingly in demand in Asia.
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- March 13 2023
Allianz to merge AGCS and mid-market units under Allianz Commercial
Joachim Mueller will lead the new global commercial division and Dirk Vogler has been appointed chief midcorp transformation officer.
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- March 10 2023
Hong Kong 2022 P&C underwriting profit doubles to US$535m
While gross premiums grew 4.5% year-on-year, claims fell by the same percentage during the year, according to the Hong Kong Insurance Authority.
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- March 10 2023
Coherent cuts around 20 roles in Hong Kong
IAN understands that Leong Chew, the insurtech's managing director, actuarial and advisory, was one of those made redundant.
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- March 10 2023
Blue Marble to pilot extreme heat parametric cover in India
The insurance, to be offered in partnership Arsht-Rock Foundation and SEWA, will protect women workers in the informal sector against income loss from extreme heat.
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- March 10 2023
Moody’s downgrades Fubon Insurance as pandemic hits profitability
The Taiwanese insurer's rating was changed to A2 from A1 with outlook changed to negative from stable.
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- March 10 2023
AM Best downgrades Scor over ‘sizeable’ losses
Rating agency has downgraded its insurer rating to A (excellent) from A+ (superior) even as it revised the company outlook to stable from negative
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- March 10 2023
Tokio Marine overseas profits to account for over 60% of total in FY 2023: Fitch
The rating agency has affirmed Tokio Marine & Nichido Fire Insurance's financial strength rating at 'AA-' (very strong) with a stable outlook.
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- March 9 2023
Gallagher Re acquires WTW’s India treaty business, puts Vinod Krishnan in charge
The broker will consolidate its reinsurance teams in the country with Krishnan relocating to Mumbai.
