News Page 501 / 1004
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- February 22 2021
Allianz Asia 2020 GWP hits US$9bn
China and Malaysia were standouts as regional profits climbed to US$668m.
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- February 22 2021
Increased regulation to drive Asia Pacific run-off activity: PwC
Region holds US$123bn in non-life run-off reserves – compared with US$385bn in the US.
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- February 22 2021
Tower acquires ANZ portfolio for US$10m
The deal will add around US$30m in GWP to the Kiwi P&C player.
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- February 22 2021
GIC Re sale to put spotlight on obligatory cession
All general insurers in India are required to cede 5% of their business with the state-owned reinsurer.
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- February 19 2021
Recent Japan earthquake losses likely to exceed US$100m
Aon report says 7.1-magnitude tremor unlikely to be 'significant' industry event.
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- February 19 2021
Philippines sets Q1 target for nat cat facility
Domestics insurers are currently forced to look overseas for reinsurance.
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- February 19 2021
QBE sees 10% GWP growth despite US$1.5bn loss
Nat cat claims were US$134m above firm's allowance contributing to a COR of 104.2%.
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- February 19 2021
Hong Kong’s virtual banks primed to disrupt insurance
HKIA expects ZA Bank's interplay with digital insurance arm to spur similar ventures.
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- February 18 2021
ACCC signals concerns over Aon/WTW merger
Antitrust watchdog flags cyber, marine and construction lines as well as reinsurance broking.
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- February 18 2021
Indonesia P&C GWP to hit US$5.2bn by 2025: GlobalData
While 2020 saw a 4.6% decline due to Covid-19 restrictions, a recovery is expected this year.
