News Page 63 / 1074
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- February 14 2025
Commercial rates harden in Taiwan, Japan while rest of Asia declines: Marsh
Composite insurance rates in Asia continued a downward trend, declining by 3% in the fourth quarter of 2024, marginally higher than the global average.
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- February 13 2025
Hanwha denies reports of selling Carrot Insurance stake amid financial strains
Korean insurtech startup has been posting losses every year since its establishment in 2019.
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- February 13 2025
MG Non-Life sale: KDIC files injunction plea against union
Troubled insurer’s labour union has been disrupting the due diligence process by prospective buyer Meritz Fire & Marine.
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- February 13 2025
Liberty International Insurance reshuffles APAC team with 3 director promotions
Carrier promotes Michael Abdallah to APAC CUO, elevates John McCabe to president of Australia and hands Vanessa Maher the role of Asia Pacific COO.
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- February 13 2025
IAG’s H1 FY25 underwriting profit up 125% to US$458m, COR improves to 85.2%
Australian insurer’s GWP grew 6% to US$5.3bn driven by strong renewal rates for direct channels in Australia and New Zealand reflecting moderating premium increases and claims inflation.
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- February 13 2025
Cyclone Zelia set to hit Australian iron ore hub, 500mm rainfall expected
The category 4 storm, which is tracking towards Western Australia's Pilbara coast, has been declared a cyclone event by the ARPC.
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- February 13 2025
Howden India appoints Nagarajan Girishankar as reinsurance chair
Mumbai-based Girishankar has over 40 years of experience in the insurance broking industry.
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- February 12 2025
Samsung Fire & Marine FY24 insurance profit down 6% at US$1.3bn
South Korean carrier's motor insurance COR deteriorated to 98.3% in FY 24 from 96.6% last year, while the P&C business' loss ratio for the period worsened to 64.4% from 61% in FY23.
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- February 12 2025
Hannover Re promotes James Ng to Malaysia CEO
Kuala Lumpur-based Ng, who joined the reinsurer last year, was the carrier's head of property and casualty in Malaysia.
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- February 12 2025
Lockton Asia names Tony Hardy CEO as Warren Merritt steps down
Hardy will relocate to Singapore from London, while Merritt will return to Australia and will continue to work closely with a number of key clients.
