HKFI appoints new governing committee
May 3 2022 by Andrew Tjaardstra-
Sunshine P&C’s FY 2023 COR improves to 98.7%, underwriting profit goes up 142.4%
- March 26
While the group's P&C insurance revenue for the year increased 10.2% to CNY45.5bn (US$6.3bn), primarily due to non-motor business growth, net profit for the 12 month-period went down 36.1% to CNY978m, affected by a 49.5% decrease in investment income due to adoption of new accounting standard and volatile capital market.
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China Taiping posts strong 2023 overseas P&C profit growth as domestic business sags
- March 26
The (re)insurer saw its China P&C insurance's operating profit plunge 71%, contrasting the 87% growth for its overseas business including Hong Kong.
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Guy Carpenter appoints new Pacific CEO in regional leadership shake-up
- March 25
The reinsurance broker has hired Ben Savill as Pacific chief executive and promoted Jeff Saper and Luc Morement as APAC head of fac and regional sales leader, respectively.
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SHKPI’s underwriting result benefits from low acquisition cost model: AM Best
- March 25
The rating agency affirmed Sun Hung Kai Properties Insurance's long-term issuer rating of ‘a’ (excellent) with a stable outlook as it benefits from parent's distribution channel.