News Page 398 / 1071
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- October 28 2022
IRDAI permits FRBs, Lloyd’s India to repatriate excess capital
Foreign reinsurers can withdraw up to 20% of assigned capital once a year, according to the circular.
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- October 28 2022
Brokerslink adds Uncharted as tech affiliate
The Singapore firm provides brokers, MGAs and insurers access to a cloud-based digital platform.
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- October 28 2022
Exclusive: Fosun seeking US$1.25bn for Peak Re
Offers are likely to come in at a substantial discount to Bermudian peers, IAN understands.
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- October 28 2022
Irene Chiu swaps Gallagher for Aon in Hong Kong: sources
She joins as head of growth and Delivering Aon United leader.
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- October 27 2022
Starr hires senior casualty exec as Hong Kong liability head
Jazz Tang was most recently liability underwriting manager at Bank of China Group Insurance.
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- October 27 2022
China P&C grew 10.6% YoY in the last decade
While GWP zoomed 153% to US$192bn in 2021, the share of motor moderated to 56.8% to 72.4% 10 years ago, CBIRC data shows.
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- October 27 2022
Rate rises and healthy pipeline power Lloyd’s Asia renewable consortium
The facility’s US$100m capacity could be increased, says Chaucer Singapore CEO Margaret To.
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- October 27 2022
IRDAI seeks to level the playing field for reinsurers
The insurance regulator proposes to remove state-owned GIC Re’s right of first refusal on Indian cedents.
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- October 27 2022
Policy wording failure key reason for Covid BI exposure: APRA
Insurers dithered because of a perceived “first-mover'' disadvantage of losing business if policies were adjusted to reflect Quarantine Act changes.
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- October 26 2022
Tower trials parametric cyclone cover in Fiji
While the island country is heavily exposed to cyclones, fewer than 10% of Fijian households have insurance.
