News Page 424 / 1164
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- May 19 2023
Sompo Japan COR deteriorates to 100.9% in FY 2022
Sompo International improves underwriting profit by 25% over last year despite US$553m of nat cat losses.
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- May 19 2023
MS&AD’s Japan non-life units fall to US$110m underwriting loss
The Tokyo-headquartered giant saw local cat losses increase 104% year-on-year at its two domestic P&C players, while MS Amlin returned an underwriting profit of US$78m.
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- May 19 2023
Tokio Marine books US$760m FY 2022 Covid losses from Taiwan
The group also saw losses of US$570m from two typhoons and a huge hailstorm in Japan, as overall FY 2022 profit climbed 1.7% to US$2.72bn.
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- May 19 2023
Sony to spin off financial services arm housing its insurance businesses: report
Sony Financial Holdings, to be listed on the Tokyo Stock Exchange, owns the P&C business Sony Assurance and life carrier Sony Life.
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- May 19 2023
Peak Re director Andrew Souter departs
Souter was hired in 2020 as head of global markets and ILS, and was named director, ANZ and Japan, after CUO Piotr Nowakowski took charge of the P&C business team in August 2022.
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- May 19 2023
Guy Carpenter swoops for Howden Tiger Hong Kong leadership team: sources
IAN understands that the move includes Stephen Warwick, Howden Tiger’s head of treaty for Asia Pacific.
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- May 19 2023
Philippines’ state Oriental Mindoro pushes for climate risk agri cover
Only one-third of over 10 million farm owners are covered by the country's state agricultural insurer PCIC.
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- May 19 2023
Stewart Mirah joins HDI Global as senior underwriter
Brisbane-based Stewart will establish the specialty carrier's motor fleet portfolio in Queensland.
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- May 18 2023
Argenta elevates Viji Ninan to Asia CEO
Singapore-based Ninan will oversee operations of the Singapore and Australia branches of Syndicate 2121.
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- May 18 2023
AUB in US$100m equity raise as Tysers UK retail JV with PSC called off
The fundraise is more than the US$66.5m it was due from PSC under the 50/50 JV agreement, as the broker targets more M&A.
