News Page 85 / 1030
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- September 25 2024
Typhoon Yagi triggers Seadrif parametric pay out in Laos
The Asean risk pool initiatied the US$750,000 payout on September 20, which was five days after the peak of the flooding in the country's capital Vientiane.
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- September 24 2024
Policy support and RBC to help insurers tackle emerging challenges: Michael Wong
The government has introduced policies and a new capital regime to help the sector tackle these challenges, said acting financial secretary Michael Wong inaugurating EAIC 2024.
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- September 24 2024
Everest Insurance appoints Keiichi Ishida as head of Japan
Ishida will assume the new role in addition to his current position of senior property underwriter and will lead the Japan desk from Singapore.
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- September 24 2024
India may consider a new turnaround plan for three general insurers: report
While solvency ratio, consistently high claims ratios and losses or low profitability were the concerns that need to be addressed by the state-owned carriers, the government is likely to provide fiscal support to companies showing profits.
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- September 24 2024
BMS New Zealand expands North Island team with Aon hire
Tim Emms will join the firm as an executive broker for its Auckland team and will be working with Nathan Richmond who assumed regional director role on May 1.
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- September 24 2024
More rating upgrades than downgrades for APAC (re)insurers in 2023: AM Best
There were eight long-term issuer credit rating upgrades for the regional carriers in 2023, driven predominantly by improved balance sheet strength and favourable operating performance, compared with four downgrades during the period.
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- September 24 2024
MIC Global partners with GIC Re to expand digital reinsurance in India
The latest partnership builds on an earlier collaboration with P&C carrier, The New India Assurance, as the micro insurer is ready to expand its solutions to more carriers in the country.
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- September 24 2024
Australian Federal Court rules to declass four BI class actions against insurers
The ruling is regarding representative proceedings regarding Covid-19 business interruptions claims against IAG, QBE, Lloyd's syndicate 2003 and Hollard.
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- September 24 2024
Howden Pacific builds out construction practice with Alistair McBride hire
Melbourne-based McBride, who will head the broker's regional business, has been in the construction sector since 2013, having various roles in underwriting and broking across the New Zealand, London, US, and Canada markets.
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- September 23 2024
Allianz Commercial India hires Shweta Gadia to boost financial lines and cyber offering
Mumbai-based Shweta will report directly to the India CEO CB Murali with matrix reporting to Jenny Wilhelm, Asia head of financial lines, cyber and distribution for the carrier.
