News Page 452 / 1195
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- May 31 2023
AIG exits Pakistan, sells business to TPL Insurance
The scheme of arrangement has a December 31 deadline for transaction completion.
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- May 31 2023
Gallagher Re recruits from Guy Carpenter for China, Hong Kong CEO
Jia Lou (pictured) joins in June from the rival broker in Hong Kong, while Alex Xia joins from Munich Re to lead Gallagher Re's Beijing branch.
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- May 30 2023
China’s SDIC to sell its 20% stake in Jintai Insurance: report
The state-owned investor, which is the second-largest shareholder of the Chengdu-based general insurer, has set a US$7.5m base price for the stake.
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- May 30 2023
Catholic Church Insurance in Australia enters run-off
CCI has been operating since 1911 and says it "has sufficient assets to meet its commitments as they currently stand" as reports suggest historical abuse claims are the reason for closure.
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- May 30 2023
MS&AD leaves Net-Zero Insurance Alliance
The insurance group is the last of Japan's big three to exit the climate group, following Tokio Marine and Sompo's exits in the last few days.
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- May 30 2023
Axa Korea in sale talks with Kyobo Life, Kakao Insurance: report
Local media reports suggest the life insurer plans to pick up a 51% stake while the digital carrier will buy the remaining stake in the French insurer's Korean arm.
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- May 29 2023
Tokio Marine quits climate alliance
The Japanese insurer said it remains committed to the transition towards a decarbonised society.
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- May 29 2023
ICA declares New South Wales hailstorm as significant event
Insurers have received 7,552 claims relating to the hailstorm with about 80% of those damage for motor vehicles as of the first half of May 29.
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- May 29 2023
IRDAI proposes perpetual licence for brokers: report
The regulator plans to remove the three-year renewal requirement for intermediary licences as part of recommended amendments to Insurance Act.
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- May 29 2023
Swiss Re CorSo sees growth in APAC through ‘bespoke offerings’
While the carrier is looking to grow its Japan, South-East Asia footprint, it has a 'big focus' on its parametric and global programmes offerings.
