News Page 477 / 1176
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- January 18 2023
CBIRC’s new motor pricing regime may strain small insurers’ profitability: Moody’s
The regulator hiked the floating range of the independent pricing coefficient of commercial motor insurance to 0.5 - 1.5.
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- January 18 2023
Indian non-life insurers generated US$37bn of premiums in 2022
Motor was one of the classes which helped Indian non-life premiums grow 14.65% in 2022.
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- January 18 2023
First net-zero protocol faces backlash for ‘lack of ambition’ and ‘greenwashing’
Activists say reduction target of 34% by 2030 is lower than IPCC recommendations and exclusions to construction and erection all-risk lines allow insuring of new power plants.
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- January 17 2023
Howden’s new capital risks arm makes senior APAC hire
Former National Australia Bank credit insurance buyer Christopher Evans joins as executive director of Howden CAP in Brisbane.
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- January 17 2023
BMS acquires Austbrokers Coast to Coast
The Queensland-based target specialises in transport, construction, hazardous goods and SME retail.
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- January 17 2023
Sinosure insured US$900bn worth of trade in 2022
The trade-credit insurer saw its SME business grow 15.7% year-on-year covering US$227m in business.
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- January 16 2023
MS Amlin secures US$45m capacity for Phoenix 3 Re
The special purpose reinsurance vehicle has secured more capacity than its two predecessors.
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- January 16 2023
S&P upgrades Lloyd’s rating on sound solvency, better performance
S&P expects 95% COR for 2022, taking into account the half-year COR of 91.4% and reserving of US$4bn for the war in Ukraine and Hurricane Ian.
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- January 16 2023
Fine art: An asset unlike any other
Protecting these unique assets for future generations requires specialised expertise and capabilities.
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- January 16 2023
WTW appoints Tony Yen to lead Taiwan
Yen, who has been at the broker since 2015, succeeds Charles Wang who retired last month.
