News Page 550 / 1211
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- September 19 2022
Korean Re’s H1 profits tumble 44% on overseas underwriting slide
The combined ratio for international business climbed to 107.4% from 96.3% in H1 2021, while overall GWP grew 10%.
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- September 19 2022
Chinese P&C carriers ‘step up coverage’ as extreme weather looms
With urban flood damage estimated to rise to US$77bn in 2030, insurers are diversifying from motor to property and agriculture lines, Morgan Stanley report.
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- September 19 2022
Chenwei Li to head Peak Re’s structured solutions
He will also co-head the life and health business and report to chief executive Franz Josef Hahn.
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- September 19 2022
Prudent reinsurance, low costs anchor Cosco captive’s performance
AM Best affirmed financial strength rating of A for the Chinese shipping company subsidiary.
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- September 19 2022
Sompo Japan’s 5-year average COR at a ‘strong’ 96.3%: AM Best
The rating agency has affirmed the financial strength rating of A+ (superior) to the company and its subsidiaries.
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- September 19 2022
New India Assurance’s underwriting constrained by market challenges, pandemic
Affirming its B++ rating, the agency noted elevated concerns overpricing discipline and risk management given the Indian insurer's level of ongoing underwriting losses.
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- September 19 2022
Steadfast New Zealand taps PSC exec as broker services manager: report
Christine Martin will join Steadfast on September 19.
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- September 16 2022
RVS Monte Carlo: Indian stand-alone cyber on a growth spurt, says Guy Carpenter’s Cordonnier
Data protection legislation really driving growth around Asia for more comprehensive cover.
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- September 16 2022
Why Fosun’s divestment plan may exclude Peak Re
Non-core divestitures are unlikely to change the controlling interest of core insurance units like the Hong Kong reinsurer and Fosun Insurance Portugal.
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- September 16 2022
New Zealand on course for record extreme weather claims after US$26m July hit
Total claims at the end of July were US$147m, compared to US$195m in the whole of 2021, according to the ICNZ.
