News Page 562 / 1350
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- September 26 2023
Suncorp expects December tribunal hearing on blocked ANZ bank sale with decision in February
Pending all approvals including from the Australian Competition Tribunal, the group sees a potential sale completion in the middle of 2024, chairman Christine McLoughlin says.
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- September 26 2023
Korean non-life premiums to grow 4.4% to US$94bn in 2023: Korean Re
The growth will be supported P&C lines including liability and fire with overall premiums expected at rise 7%, the reinsurer said.
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- September 26 2023
ICICI Lombard names Sanjeev Mantri as MD and CEO
Current CEO Bhargav Dasgupta is set to join the Asian Development Bank as vice president – market solutions.
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- September 26 2023
Lotte Insurance’s private equity owner to kick off sale process: report
Majority owner JKL Partners has scripted a turnaround for the carrier since a 2019 purchase, but buyers have concerns over whether the robust earnings of carriers under IFRS17 are sustainable.
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- September 25 2023
PARIMA Tokyo conference to deliberate on the future of risk management
The conference, themed ‘Adapting to Permacrisis’, will draw senior risk and insurance professionals from around Asia Pacific.
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- September 25 2023
Philippines proposes new 2% tax on non-life premiums: report
The proposed new bill also aims to impose a one-time documentary tax stamp for insurance policies exceeding US$1,800.
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- September 25 2023
Chubb appoints Nikki Quain as New Zealand deputy property manager
Auckland-based Quain most recently worked at BHSI and has also had stints at Vero and AIG.
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- September 25 2023
Crawford promotes Charlotte Lau to regional head of operations
Singapore-based Erwin Yu will take over from Lau as director of market development Asia.
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- September 25 2023
AM Best affirms Sompo Japan’s ratings on strong overseas business growth
The Japanese insurer’s international arms bring in 38% of net premiums, 74% of adjusted profits in FY 2022, the rating agency said.
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- September 25 2023
Nat Re’s underwriting to improve on exit from unprofitable non-life treaties and focus on life, specialty: AM Best
The rating agency has affirmed the reinsurer ratings of the Philippines' sole reinsurer.
