News Page 466 / 1236
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- August 15 2023
Vesttoo files for Chapter 11 protection; board says no plans to liquidate
The move will provide the Israeli insurtech protection from its creditors and breathing room to pursue legal actions, the company claims.
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- August 15 2023
Aon promotes Harry Edwards to Asia regional director for intellectual property solutions
Singapore-based Edwards will lead the D&O strategy and team in the region, responsible for placing APAC and US exposed management liability insurance programmes into the London market.
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- August 15 2023
KB Insurance H1 2023 underwriting profit at US$400m
The Korean P&C carrier's direct written premiums for the period increased 4% year-on-year to KRW6.4tn.
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- August 14 2023
Gallagher Australia acquires rural specialist Insurance Risk Solutions
The Darwin-based family business is the fourth acquisition by the global broker in Australia this year.
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- August 14 2023
Clement Cheung reappointed CEO of Hong Kong Insurance Authority
Cheung, who has been heading the regulator since 2018, will serve another three-year term till August 14, 2026.
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- August 14 2023
Tokio Marine to sell its Guam subsidiary to MGA Calvo
The deal, which will see the Japanese carrier exit the market, is expected to close in the second half of FY 2023.
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- August 14 2023
Axa XL appoints Aijiao Ruan as senior underwriter in Hong Kong
Ruan was previously at China Zenith Insurance Brokers, a Beijing-headquartered Lloyd's coverholder, for 15 years.
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- August 14 2023
HDI-backed PVI Re rebrands as Hanoi Re
There will not be any changes in the Vietnamese reinsurer's organisational structure and operational model.
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- August 14 2023
Thai Re in H1 profit turnaround as COR registers 97.3%
The reinsurer reported a net profit of US$2.2m in the first six months after a loss of US$5.8m in H1 2022.
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- August 14 2023
Aon appoints head of Philippines reinsurance arm
Jun Galita has close to three decades of experience in the (re)insurance market.
