News Page 74 / 1028
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- October 14 2024
GIC Re’s risk-adjusted capitalisation to remain robust over medium term: AM Best
The rating agency has upgraded the financial strength rating of the carrier to A- (excellent) from B++ (good) and the long-term issuer credit rating to "a-" (excellent) from "bbb+" (good), with the outlook for both revised from positive to stable.
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- October 14 2024
India likely to provide initial funding to set up P&I entity: report
An inter-ministerial consultation process was initiated this year to create the marine insurance entity, with participation from the industry.
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- October 11 2024
Tokio Marine achieves carbon neutrality in FY2023
The group has set a target US$316.8m in decarbonisation-related insurance premiums on a global basis by the end of FY 2026.
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- October 11 2024
Tower nearly doubles FY 2024 NPAT guidance to US$50m
The carrier's results to benefit from no large events being recorded in the financial year and stronger-than-expected business performance.
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- October 11 2024
Samsung Fire’s stable underwriting, low COR to help maintain market leadership: AM Best
The rating agency has affirmed the insurer's financial strength rating of A++ (superior).
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- October 11 2024
Strong growth in Nat Re’s non-property lines: AM Best
The rating agency has affirmed Nat Re’s rating at B++ (good) with a stable outlook, primarily driven by its strong balance sheet.
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- October 10 2024
MSIG Asia hires senior execs for Asia expansion
Rajnish Pal has joined the firm as senior vice president and head of transformation while Christian Kolmberger has been appointed as senior vice president, underwriting, reinsurance and claims.
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- October 10 2024
Marsh Pacific promotes Johannes-Daniel Veldsman as head of corporate and commercial
Veldsman takes over the role from Andrew Fluitsma. who is understood to have left the broker earlier this year.
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- October 10 2024
Newline continues Sydney expansion with Bec Smith hire
Smith will join the Lloyd's coverholder as professional indemnity underwriter, reporting to Australia head of the line Nick Beswick.
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- October 10 2024
Berkley Re Australia hires Nick Lee as senior casualty facultative underwriter
Brisbane-based Lee returns to the reinsurer and to Australia after over 13 years in London across various specialty carriers.
