News Page 98 / 1030
-
- August 29 2024
Korea’s FSC might review proposed change in insurers’ capitalisation rules: report
The Financial Supervisory Service had proposed that, starting next year, the discount rate for market valuation of insurance liabilities will be based on the 30-year government bond rate instead of the 20-year rate.
-
- August 29 2024
Steadfast FY 2024 net profit climbs 22% on acquisition growth
Underlying net profit rose to US$171.3m, as new business acquisitions and equity investments contributed 55% of the broking group's operating profit growth.
-
- August 29 2024
Typhoon Shanshan makes landfall in southern Japan as auto plants shut down
The typhoon landed in Kagoshima prefecture, leading to the shutting down of plants by Toyota and Nissan, cancellation of hundreds of flights and suspension of high-speed train services.
-
- August 29 2024
Euclid Transactional confirms Asia Pacific launch
The M&A-focused MGA's plan to launch services in Asia and to appoint Alice Ho as head of APAC was first reported by InsuranceAsia News last August.
-
- August 29 2024
Great Eastern names ex-HSBC veteran Greg Hingston as CEO
Succeeding Khor Hock Seng who is retiring in October, Hingston joins from HSBC after spending 18 years with the bank in several senior roles, including CEO of global insurance and partnerships.
-
- August 28 2024
PICC P&C H1 underwriting profit down 5% as liability insurance losses bite
Underwriting profit for China's largest P&C insurer totalled US$1.26bn, as COR edged up 0.4 percentage points to 96.2%
-
- August 28 2024
Tune Protect H1 2024 insurance revenue drops 15.2% to US$43.7m
Its COR deteriorated to 107.5% versus 95.4% in H1 2023 due to the higher net incurred claims and attributable expenses.
-
- August 28 2024
Peak Re reports US$124.2m profit in H1 2024, COR at 84.9%
The reinsurer has reported GWP of US$847.9m in 2024 H1, a slight 1.8% year-on-year increase, according to the company's unaudited earnings release.
-
- August 28 2024
Data breach by Japan’s big 4 insurers affects over 2 million customer records: report
Tokio Marine & Nichido Fire Insurance, Sompo Japan, Mitsui Sumitomo Insurance, and Aioi Nissay Dowa Insurance will need to submit reports to the financial regulator by the end of this week.
-
- August 28 2024
Vietnam’s PVI Insurance gets greenlight to raise charter capital to US$157m: report
It is the second capital increase approved by the regulator in five months, as Vietnam's largest non-life insurer continues to grow its market share.
