News Page 483 / 1236
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- June 29 2023
Japanese carriers’ domestic underwriting to recover to pre-pandemic levels in FY 2024: Fitch
The average combined ratio of the major Japanese non-life insurers, Tokio Marine, MS&AD, and Sompo, increased by six percentage points year-on-year to 100% in FYE23.
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- June 29 2023
RACQ withdraws from Queensland CTP scheme
This decision follows a long-standing demand from the insurer to fix the scheme's lack of ‘equitable distribution of risk’.
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- June 28 2023
Everest Insurance hires Marsh veteran to head APAC
Sydney-based Scott Leney will oversee business strategy and portfolios both in Asia and the Pacific and report to Everest Insurance International co-heads Adam Clifford and Jason Keen.
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- June 28 2023
Long-term products, auto to drive growth for Korean insurers: AM Best
Stable outlook ahead for Korean non-life insurance business as IFRS 17 is expected to bring in more stability.
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- June 28 2023
Opinion: When algorithms fail – the Australian pricing debacle
The ASIC review, which blames overreliance on technology, offers a cautionary tale for the wider (re)insurance markets.
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- June 28 2023
Beazley builds out Singapore cyber business with two new hires
Cyber underwriters Razif Abdullah and Sharmayne Koh will start in the new roles from first week of July.
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- June 28 2023
IRDAI to kick off new risk-based supervision in July
IRDAI had tied up with Toronto Centre (TC), a not-for-profit organisation, to develop RBS framework guidelines.
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- June 27 2023
APAC nat cat economic losses at US$80bn in 2022: Aon
Floods were the costliest peril accounting for about 61% of the total economic loss for the region.
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- June 27 2023
Arch Australia hires Katrina Palmer as senior underwriter
Brisbane-based Palmer is a financial lines specialist and will report to Steven Gaitanis.
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- June 27 2023
Scor appoints Fabrice Bregier as chairman
Bregier succeeds Denis Kessler, who died earlier this month.
