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- December 12 2022
Reliance seeks US$72m urgent capital infusion
The carrier is seeking the capital to preserve business, enhance value and improve solvency to 175%.
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- December 12 2022
AUB merges New Zealand broking arm with ICIB
ICIB BrokerWeb Insurance and Risk Advisory to be led by ICIB managing director Grant Milne and will be NZ's fifth largest broker.
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- December 12 2022
Marsh promotes Chou Sean Chong to Malaysia CEO
Chou takes over from CB Lim, who will move to a new role as chief client officer in the new year.
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- December 12 2022
China Taiping Hong Kong’s underwriting margins remain thin: AM Best
The P&C carrier’s combined ratio remained above 100% despite improvements in performance.
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- December 12 2022
Korean Re to reduce overseas property cat exposure
The South Korean reinsurer hit by Covid claims and nat cats will expand casualty and specialty lines, according to AM Best.
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- December 11 2022
RACQ exploring ‘long-term partnerships in reinsurance’
The club declined comment on reports of plans to sell its flood-hit insurance business.
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- December 9 2022
Covid restrictions help Lonpac improve COR: AM Best
The general insurer posted a five-year average combined ratio of 66.1%.
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- December 9 2022
Etiqa’s five-year average COR at a ‘strong’ 87%: AM Best
The Malaysian general insurer's performance is driven by low net losses in core lines and strong reinsurance commission income.
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- December 9 2022
SiriusPoint hires Rob Gibbs to lead international business
The former RSA UK managing director will be based in London and will replace Monica Cramér Manhem, who is set to retire.
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- December 9 2022
CBIRC to start on-site inspections and tighten oversight of fund use by insurers
Average solvency ratio of property insurance companies and reinsurance were adequate at 238.9% and 309.1%, respectively, according to the regulator.
