News Page 536 / 1349
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- November 29 2023
Wild weather hits eastern Australia; further storms, hail and heavy rainfall expected
The Bureau of Meteorology said the downpour expected this week is going to be well in excess of a month's worth of rainfall.
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- November 29 2023
MS Amlin expands Singapore political risk, treaty teams
Sam Lim has been appointed as senior underwriter, credit and political risk, while Jinnan Tang joins as treaty underwriter.
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- November 29 2023
Chinese non-life insurers’ investment risks manageble, focus on underwriting results: AM Best
Economic recovery and the recent relaxation of solvency-related investment rules support the sector’s “stable” outlook.
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- November 29 2023
Sedgwick promotes Nigel Cook to Singapore CEO
Cook will oversee the growth of Sedgwick’s operations in Singapore while keeping his current role of head of major and complex loss in Asia.
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- November 29 2023
‘Cannot run away’ from nat cat risks, says Tokio Marine chief: report
Chief executive Satoru Komiya told the Financial Times that nat cats, not systemic cyber-attack, remains the biggest risk to the sector.
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- November 28 2023
Korea carriers plan to lower motor premiums could impact loss ratios: report
A US$773m financial aid package announced by President Yoon Suk Yeol to be rolled out by life and non-life insurers for helping small and medium-sized enterprises will see motor cover rates slashed by 3%.
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- November 28 2023
Vietnam’s relaxed foreign investment rules could bolster M&A: AM Best
AM Best maintains stable outlook on the South-East Asian country's non-life insurance sector, but challenges remain due to slowing economic growth.
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- November 28 2023
Parametrics primed for APAC’s insurance mainstream: Descartes
As the search for nat cat capacity grows in the region, the MGA is looking at 'solid double-digit' premium growth this year on more demand from Australia, New Zealand, the Pacific islands and the Philippines.
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- November 28 2023
IAG blames Credit Suisse’s due diligence failures for Greensill losses: reports
The insurer, in an Australian court filing, said that the Swiss bank should have known that the Bond and Credit company did not have the authority to issue the policies.
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- November 28 2023
Berkshire Hathaway ropes in Alex Zhang as senior property underwriter
Zhang, prior to this move, had spent over 17 years with QBE Insurance, most recently as senior underwriter.
