News Page 626 / 1279
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- August 25 2022
Tencent takes 32% stake in Samsung P&C China
The tech company becomes the second largest shareholder after CBIRC approved the insurer's plan to more than double its registered capital.
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- August 24 2022
Unprecedented rise in need to place risks internationally: AUB Group CEO
AUB saw 22.2% profit growth in FY 2022 as M&A and rising GWP drove Australia revenues, but NZ earnings hit by BWRS challenges.
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- August 24 2022
PSC agrees US$5.4m Hong Kong broker deal; posts 30% EBITDA growth
Underlying revenue in FY 2022 grew 22.8% to US$175.4m including 13% of organic growth.
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- August 24 2022
Japan infrastructure spending set to spur property GWP growth
The country's general insurance market set to reach US$133bn in 2026, GlobalData forecasts.
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- August 23 2022
Ping An’s H1 P&C combined ratio deteriorates to 97.3%
The operating profit for the segment fell 22.3% to US$1.2bn.
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- August 23 2022
Korea’s new standards regime and IFRS 17 to squeeze insurers’ capital buffers: Fitch
K-ICS will not materially change the underlying risk structure and will have limited rating impact.
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- August 23 2022
Specialty MGA Delta handed favourable AM Best review
Delta is one of the first MGAs to be reviewed by a rating agency.
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- August 23 2022
Crawford bolsters Australian team with two senior hires
Andrew Webb joins from Charles Taylor in Sydney while Lynn Lappin joins in Brisbane from Sedgwick.
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- August 23 2022
Marsh’s new hydrogen facility will place Asia risks
The collaboration with AIG and Liberty provides US$300m cover per risk for construction and start-up phases.
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- August 22 2022
Andrew Bicknell’s Singapore return boosts Clyde & Co’s energy and marine team
The move follows the promotion of city-based (re)insurance dispute resolution specialist Vanessa Lim.
