News Page 417 / 1085
-
- October 12 2022
Australia bracing for major flooding in Victoria and Tasmania
There are also severe weather alerts for large parts of south-east Australia.
-
- October 12 2022
Fitch affirms A- rating, stable outlook for China Taiping’s UK subsidiary
The subsidiary's underwriting result was US$4.3m in 2021, compared to a loss of US$25.2m in 2020.
-
- October 12 2022
Kakao Pay kick-starts insurance arm with cyber launch: report
The product is expected to shorten the time it takes to pay claims for online financial fraud by over two months.
-
- October 11 2022
Liberty GTS hires trio of lawyers to boost Asia M&A underwriting
Damian Ng, Sanjeve Prakasam, who joins the Singapore office, and Alexandra Culas in Sydney will focus on warranty and indemnity insurance in the region.
-
- October 11 2022
Lloyd’s to restore network as it finds no evidence of compromise
The shutdown that started last week had a limited impact on "a few" operations in Asia Pacific.
-
- October 11 2022
Gallagher continues Australian consolidation with McCluskey buy
This is the fourth acquisition in the country by the global broker in five months.
-
- October 11 2022
Korea’s Construction Guarantee Cooperative benefitting from rising infrastructure spend
AM Best affirmed the financial strength rating of A+ and the long-term issuer credit rating of “aa-” to the government-designated surety underwriter.
-
- October 11 2022
Australian weather bureau forecasts summer of ‘above-average’ cyclones
There is a more than 70% chance of 11 or more tropical cyclones during the severe weather season, which this year witnessed one of the costliest nat cat events.
-
- October 10 2022
Tower completes legacy build-out with Kiwibank deal
The New Zealand carrier will pay US$3.3m for the portfolio, which will be migrated to its flagship Direct channel.
-
- October 10 2022
Luen Fung Hang Insurance gets over pandemic impact with 58% COR: AM Best
The Macanese P&C player leveraged its distribution to stay second in the market with a 22.8% share.
