News Page 577 / 1087
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- March 23 2021
China FDI changes won’t spur insurance gold rush
Replacing ownership caps with a national security review is unlikely to open the investment floodgates, experts tell IAN.
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- March 22 2021
NSW floods to bring ‘significant’ commercial claims
Market sources tell IAN the loss situation is "dynamic" as Sydney dam overflows.
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- March 22 2021
Philippines’ capital requirements to push P&C deals
AM Best says minimum net worth regulations to drive mid-tier M&A in the coming years.
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- March 22 2021
Fairfax Asia makes take private bid for Singapore Re
The reinsurer focuses on property, liability, accident and marine lines and is valued at US$155m.
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- March 19 2021
HK start-up Azure targets freight amid trade recovery
Anmol Sawlani leads the new broker as Hong Kong introduces tax breaks for the marine sector.
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- March 19 2021
APRA wants more cyber data from insurers
The regulator agreed an extended timeframe with the ICA to facilitate a "more effective process".
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- March 19 2021
Chubb makes US$23bn bid for The Hartford
In January, the US insurer brought in Philip Chan, the former Greater China head at Axa XL, to lead its Asia operations.
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- March 19 2021
Swiss Re’s coal pledge sets a marker
Cutting thermal coal exposure from treaties puts pressure on competitors to follow suit.
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- March 18 2021
Tower turns corner on Canterbury quake
New Zealand’s Reserve Bank halves the insurer's minimum solvency level to US$18m.
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- March 18 2021
Singapore’s 2020 P&C underwriting profit hits US$177m
GIA data shows specialty lines fell to a US$20m loss although GWP was up 10% to US$590m.
