News Page 602 / 1143
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- July 13 2021
Olympics’ spectator ban to cost reinsurers US$300–400m: Fitch
Reinsurers to pay for ticket and hospitality refunds after a state of emergency was declared in Tokyo.
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- July 13 2021
Aon/WTW: EU approval highlights painful path to US clearance
Extensive divestments may need to be replicated across the pond to appease the DoJ.
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- July 12 2021
Tropical Cyclone Seroja to cost insurers US$324m: Perils
The loss figure for the Australian market covers both property and motor hull lines of business.
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- July 12 2021
Beazley appoints APAC healthcare underwriter
Appointment of Prashansa Daga supports the expansion of the specialty player's medical & life sciences offering.
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- July 12 2021
Aon/WTW offer to divest large local clients to secure NZ approval
Divestitures equal two-thirds of the GWP placed by WTW’s New Zealand CRB business.
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- July 12 2021
Australia’s second BI test case gets August 30 start date
The case pits Allianz, IAG, Chubb, Guild and Swiss Re against a variety of small businesses.
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- July 12 2021
Generali Hong Kong chief steps down: sources
IAN understands Cillin O’Flynn departed both life and P&C roles on July 8.
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- July 12 2021
Asia P&C (re)insurers see market cap rebound
Top 20 listed APAC (re)insurers valued at US$155 billion by mid-2021 — a 15% increase from a year ago.
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- July 12 2021
DB Insurance improves underwriting as motor losses decrease
South Korean P&C player saw premium hikes and fewer accidents during Covid lockdown.
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- July 9 2021
Sompo International creates APAC global risk team
Trey Martino to lead Singapore-based team targeting China, HK, India, Japan and Macau.
