News Page 475 / 1195
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- March 22 2023
Droughts in China and Australia floods push 2022 nat cat insured bill above US$100bn: Swiss Re
Hurricane Ian, inflation and growing property exposure were also key drivers for claims last year.
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- March 22 2023
Sun Hung Kai Properties Insurance underwriting results to outperform peers: AM Best
The rating agency has affirmed the Hong Kong insurer's rating at A (excellent) with a stable outlook.
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- March 22 2023
Lockton Australia hires from Marsh for national key partnerships role
Allison Emery was previously Marsh's head of portfolio solutions, general lines for Australia and New Zealand.
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- March 22 2023
Envest Group acquires Wellington Underwriting
The specialty liability underwriting agency currently places more than US$20m in gross written premiums.
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- March 22 2023
Great Eastern Holdings elevates Soon Tit Koon as chairman
Current chairman Koh Beng Seng will step down during the next annual general meeting.
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- March 21 2023
Sedgwick promotes Andre Mataia to Australia head of construction
He was most recently the leader of the loss adjuster's major and complex loss property team for Victoria and Tasmania.
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- March 21 2023
Exclusive: Owen Belman set to leave Aon in June
The Singapore-based exec has been Asia CEO since January 2020 and has previously led the broker's Greater China and North Asia operations.
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- March 20 2023
Indian property cover rates to go up as carriers start claim-based pricing: report
The revision follows an IRDAI directive that rates published by the insurance information bureau need not be treated as a minimum rate.
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- March 20 2023
Industry losses from Nanmadol revised to US$1bn: Perils
The third estimate by the loss data specialist covers property losses sustained by Japanese non-life insurers from the typhoon last year.
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- March 20 2023
Korean Re 2022 COR flat at 100.4%, gross premiums grow 16%
The carrier's GWP climbed to US$7.4bn, but its net profit fell 1.5% to US$133.5m.
