Industry Segments: General Page 2 / 7
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- March 23 2023
India’s Reliance Jio plans insurance foray: report
India's biggest conglomerate has hired senior executives from state-owned insurers and is set to approach IRDAI for general and life carrier licences .
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- March 22 2023
Great Eastern Holdings elevates Soon Tit Koon as chairman
Current chairman Koh Beng Seng will step down during the next annual general meeting.
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- March 17 2023
Asuransi Astra to maintain strong capital, reports robust numbers: AM Best
The rating agency has assigned an A- (excellent) rating to the company with a stable outlook
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- March 15 2023
India’s Bandhan Group eyes deal for general insurance foray: report
The financial services group had recently met IRDAI officials as part of its insurance foray.
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- February 23 2023
Hyundai Insurance’s premiums grow 5.8% to US$12.6bn
The Korean carrier's commercial arm's COR for FY 2022 was at 89.2%.
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- February 20 2023
General takaful outpaces conventional market in Malaysia: report
Islamic insurance grew 10.3% between 2017 and 2021 while the broader P&C market grew only 0.6% in the same period.
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- November 16 2022
Axa commits to South Korea: report
Korea CEO Guillaume Mirabaud said Korea is geographically important as a technical support provider for Axa South-East Asia.
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- October 21 2022
Australian general insurers well capitalised despite monster flood: APRA
The industry maintained a coverage ratio of 1.7x the minimum requirement, the regulator’s annual report showed.
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- October 4 2022
SBI General Insurance names veteran banker Kishore Poludasu as CEO
The formed deputy managing director of the State Bank of India will take charge of the insurer from October 4.
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- September 26 2022
Zurich joins hands with Piramal for Reliance General Insurance bid: report
The Swiss carrier's JV will compete with PE firm Advent for the general insurance arm of debt-ridden Reliance Capital.
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- August 17 2022
Go Digit’s IPO to offer partial exit to founders
Fairfax and Kamesh Goyal will sell a combined 109 million shares through the listing.
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- August 5 2022
Chubb bullish on Asia prospects after US$5.75bn M&A deal completes
CEO Evan Greenberg eyes cross-selling opportunities as Asia becomes a US$7.5bn region after Cigna deal.
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- May 31 2022
Allianz GI China JV insufficiently capitalised for growth: Fitch
The firm's solvency ratio has fallen from 320% to 200%.
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- May 27 2022
Australia’s general insurers saw US$303m loss at start of year
The devastating floods in February and March sparked an increase in claims.
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- March 1 2022
Axa Singapore to quit motor, commercial lines after HSBC purchase
Unit will continue to underwrite all life, wealth and health business, says new owner.
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- December 7 2021
India’s Reliance grows despite parent’s insolvency
This year’s 19% increase in premiums compares to an average of 13% for India's general insurance sector.
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- November 19 2021
Asia’s insurers set for inflation uplift
Claims will increase but rising prices and market growth will outweigh costs.
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- October 5 2021
Japan’s SMEs see rise in corporate risks: GIAJ
General Insurance Association of Japan survey highlights a low level of consciousness among small-and-medium-sized enterprises.
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- September 20 2021
Zurich mulls GI asset sale in Australia – report
Bloomberg says the disposal could raise a "few hundred million dollars" for the Swiss insurer.
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- September 17 2021
Samsung Re gets group captive boost: AM Best
The reinsurer is mainly focused on South-East Asia and India as GWP neared US$80m in 2020.
