News Page 501 / 1252
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- June 21 2023
Fusion Specialty promotes Katherine Simmonds to CEO for international markets
In her new role, Simmonds will be responsible for further developing Fusion’s presence in the UK, APAC and EMEA regions, including M&A, financial lines and other specialist insurance products.
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- June 21 2023
Japan’s FSA orders non-life insurers to explain allegations of cartelisation
Tokio Marine & Nichido, Sompo Japan, Mitsui Sumitomo and Aioi Nissay Dowa are alleged to have 'pre-adjusted' fire insurance premiums.
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- June 20 2023
Marsh sued by Greensill investor over US$143m insurance: report
White Oak has accused the broker of failing to take reasonable steps to ensure accurate representations in relation to the now-collapsed financier's trade credit insurance.
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- June 20 2023
IAG exits Net-Zero Insurance Alliance
The Australian giant, which joins a host of global (re)insurers in leaving the UN climate group, has told IAN that it is committed to reaching net-zero by 2050.
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- June 20 2023
Seoul Guarantee Insurance files for Korea Exchange listing: report
Samsung Securities and Mirae Asset Securities have been appointed as the lead underwriters for the proposed IPO.
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- June 20 2023
Indian government tells carriers to hold third-party motor rates: report
New premium rates for compulsory motor covers will take effect from August, with reductions in certain categories.
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- June 20 2023
Hong Kong’s export credit insurer launches mainland pilot with five banks
HKECIC has teamed up with Bank of China, BEA, HSBC, Hang Seng and DBS, and the credit limit for each buyer's non-payment risks is capped at US$12.8m.
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- June 20 2023
MSIG’s Laos arm to merge with local carrier Sokxay Insurance
The Japanese insurance group will own a 35% stake in the business, with the domestic insurer owning the remainder.
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- June 19 2023
DB Insurance acquires Vietnamese carrier Saigon-Hanoi
The acquisition is the Korean insurer's second deal in Vietnam in 2023, following the Vietnam National Aviation Insurance buy in February.
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- June 19 2023
Asian Re rating outlook positive as it lays out plan to improve underwriting results: AM Best
The rating agency affirmed B+ (good) rating and noted that the reinsurer's COR has improved to 103.3%.
