Industry Segments: Credit Page 1 / 2
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- November 21 2024
Seoul Guarantee Insurance could see decline in underwriting performance on a rise in paid claims: Fitch
The rating agency has affirmed SGI’s rating at 'AA-' (very strong) with a stable outlook taking into account its strong capitalisation, financial performance, and the support it receives from the government.
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- November 18 2024
Tugu Re’s property, credit businesses adds volatility as 2023 COR rises to 107%: Fitch
The global rating agency has affirmed Tugure’s rating at 'A+(idn)' with a stable outlook.
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- November 14 2024
Edme Insurance Brokers brings on board Nochiketa Dixit as managing director
Mumbai-based Dixit will manage retail, BFSI, IT/ITES, structured credit and affinity for the broker.
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- November 1 2024
Canopius’ APAC expansion builds around specialty lines demand
The priority for Canopius is to maintain disciplined growth in the specialty lines where it has a differentiated offering, like energy, marine, agriculture treaty, and structured credit, says regional chief executive SK Lee.
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- October 8 2024
Seoul Guarantee Insurance’s H1 loss ratios worsen as claims surge: report
Total claims paid out in the first six months reached nearly US$400m, an all-time high, and is expected to nearly double by the end of 2024.
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- August 22 2024
Mega Insurance COR up 10 points to 97% as credit, motor claims climb
Fitch Ratings has affirmed an insurer rating of 'A+ for the company with a stable outlook as its GWP rose 75% in 2023.
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- August 21 2024
Texel names Coface’s Hélène Heas as broker for Asia operations
Singapore-based Heas will be supporting the broker's business growth across the Asia Pacific region and further enhance its client solutions and market reach.
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- August 14 2024
KDIC revives Seoul Guarantee Insurance’s listing plans: report
The state-run parent of the Korean guarantee insurer announced that it has filed for a preliminary IPO review on the Korea Exchange.
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- July 18 2024
Texel names Angela Chang Asia MD as William Shaw assumes global role
Shaw will relocate to London as deputy CEO of the political risk and credit specialist broker.
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- June 5 2024
Marsh taps Axa XL for Asia political risk team build out
Singapore-based Lim Mei Yean was most recently business development manager for Asia at Axa XL.
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- May 30 2024
Emerging carbon credit insurers take roots in Asia Pacific
Specialist players like Kita and Oka have recently set up shop in the region as the market here is growing with Australia, Japan and Singapore leading the way.
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- April 26 2024
BRI Insurance’s underwriting profitability supports ‘stable’ outlook: Fitch
The rating agency assigned the Indonesian carrier a national insurer financial strength rating of AA to BRI Insurance on low claim ratio and 55% COR in 2023.
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- April 22 2024
OJK grants reinsurance licence to Orion Reasuransi Indonesia
The new carrier, to be led by Fitris Dinarwan, will offer multipurpose credit and home ownership credit reinsurance, according to its website.
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- April 19 2024
Axa XL hires Jack Hullah as Asia underwriting manager for political risk, credit & bond
Hullah will focus on expanding the company's political risk, credit platform in Asia, after joining the insurer from Mitsubishi UFJ Financial Group.
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- April 11 2024
Guy Carpenter hires Partner Re’s Richard Chu as managing director for credit, bond & political risk
Singapore-based Chu will be responsible for new business development across Asia Pacific and will report to the head of the division, David Edwards.
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- March 18 2024
Ping An P&C improves underwriting with reduced credit and guarantee exposure, new motor policies: AM Best
The rating agency has affirmed the insurer rating of A (excellent) with a stable outlook.
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- March 4 2024
Asei Indonesia to further reduce credit insurance exposure: Fitch
The rating agency has affirmed the carrier's 'A (idn)' rating with a stable outlook to the Indonesian insurer.
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- February 9 2024
Fitch slashes Indonesian insurer Eka Lloyd’s outlook on lower capitalisation
The Indonesian insurer's “BBB+” rating is affirmed. Still, credit insurance, which accounts for the bulk of its premium, could add volatility to its reserve.
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- January 31 2024
Canopius strengthens APAC credit & political risk team with underwriter hire
Sydney-based Dimitri Plastiras, who will be transferred to Singapore later this year, is among four senior hires by the specialty (re)insurer globally for the credit & political risk division.
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- January 30 2024
Seoul Guarantee Insurance’s parent revisits IPO plan after failing to impress investors last year: report
KDIC, the state-run parent of the Korean guarantee insurer, has made a first step towards relaunching an IPO, which was shelved in late 2023.
