Industry Segments: Claims Page 20 / 45
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- September 9 2022
Lloyd’s Asia posts 25% H1 growth but COR deteriorates
Marine and cargo premiums grew for the first time in three years, but the region took a hit from Australian floods.
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- September 7 2022
MS Amlin boosts APAC underwriting and claims with five Singapore hires
Alex Wang, Jason Tan, Srinath Iyer, Kris Gwee and Joash Tan have all joined the team.
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- September 7 2022
Supply squeeze pushing up Asia nat cat treaty pricing
After TMK and Axis Re exits, hardening market drives cedants to alternatives such as ILS, parametric or structured solutions.
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- September 6 2022
Rising litigation funding drives higher claims costs in Australia
Social inflation remains far harder to predict than economic inflation.
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- September 5 2022
Canopius snaps up Zurich’s Megan Shao to head APAC claims
Shao is based in Singapore and joins following the specialty (re)insurer's strategic restructure.
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- September 5 2022
Toa Re’s NWP grew 5% on strong overseas business in 2021: AM Best
The Japanese reinsurer's underwriting was impacted by nat cat losses and 'extraordinary' incidents, but its financial rating remains 'excellent'.
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- September 2 2022
Analytics: Inflation and climate change ramp up pressure on APAC reinsurers
A confluence of issues is leading to higher nat cat claims and reserve deficiencies.
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- September 1 2022
Australian east coast flood losses hit US$3.61bn: ICA
The government launches new body to improve nat cat responses as annual disaster costs expected at US$50bn by 2060.
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- August 29 2022
‘Unprecedented’ Pakistan flooding triggers US$10bn damage
Large P&C carriers such as Adamjee Insurance and United Insurance could see significant claims.
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- August 27 2022
Five major Chinese (re)insurers likely to be hit by drought: source
IAN understands that PICC, China Insurance (CIC), China Life P&C, CPIC and China Agricultural Re all face claims.
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- August 26 2022
Australia’s P&C underwriting profits rose 328% on back of reinsurance recoveries: APRA
Net incurred claims fell 5.1% to US$18.2bn for the year ending June 30.
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- August 25 2022
Australian market braces for ‘triple-dip’ La Niña
Carriers are buckling up for yet another summer of severe nat cat claims.
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- August 22 2022
Andrew Bicknell’s Singapore return boosts Clyde & Co’s energy and marine team
The move follows the promotion of city-based (re)insurance dispute resolution specialist Vanessa Lim.
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- August 22 2022
‘Significant’ volume of claims expected from NZ flooding: McLarens
'Landslides, road closures, wastewater overflows and water supply challenges reported across South Island'.
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- August 19 2022
Credit Suisse arm files 18 Greensill-related claims totalling US$2.2bn
The asset manager has filed claims for "all insurable losses", according to document reviewed by IAN.
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- August 19 2022
Hundreds of homes at risk as ‘one-in-100-year’ flood hits NZ’s South Island
Extreme weather insured losses were US$123m in the first six months of 2022.
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- August 16 2022
Luzon earthquake triggers major infrastructure damage
Crawford reports damage to power plants, airport construction project and SMEs.
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- August 15 2022
Seoul flooding hits P&C players with ‘material’ losses
Claims from the record downpour expected to top US$115m.
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- August 15 2022
China BOCOM Insurance’s loss ratio recovers in 2021 as A&H claims improve
The Hong Kong insurer COR has remained at around 100% over the past five years.
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- August 12 2022
IAG places ‘largest’ nat cat allowance as underwriting profit falls 5%
Weather claims "more than doubled" in FY 2022 across Australia and New Zealand.
