Industry Segments: Insurers Page 40 / 40
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- March 3 2025
Portfolio rejig improving underwriting margins for India’s second-largest non-life general insurer: AM Best
Global ratings agency confirms financial strength rating of B++ (Good) and a long-term issuer credit rating of bbb+ (Good) for ICICI Lombard General Insurance Company.
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- March 3 2025
Allianz Malaysia’s FY24 general insurance GWP rises 13.8% to US$775m
But insurer refrains from issuing profit forecast or guarantee for FY25.
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- February 26 2025
QBE hands Julie Starley permanent role as chief claims officer for Australia Pacific
She had held the role on an interim basis following the departure of Jon Fox at the end of 2024.
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- February 21 2025
DB Insurance underwriting profit up 4.5% to US$1.1bn
Underwriting profit went up only because of the commercial line performance that saw a US$71m profit compared with US$85m loss last year.
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- February 21 2025
QBE FY24 GWP up only 3% to US$22.4bn on portfolio exits, lower crop premium
Insurer reports an improved COR of 93.1%, supported by a favourable catastrophe experience, alongside a more stable central estimate reserve development.
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- February 18 2025
Swiss Re CorSo adds Aristya Wu as underwriter to APAC trade finance, working capital solutions team
Singapore-based Wu joins from Allianz Trade having also worked for Liberty Specialty Markets, Aon and AIA.
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- February 17 2025
QBE beefs up leadership by snapping up Beazley Digital CEO Ian Fantozzi
Fantozzi joins the Australian insurance group's leadership team as group executive for technology and operations.
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- February 14 2025
Sompo restructures into global P&C, wellbeing segments
James Shea will lead global P&C business; with APAC CEO Kenneth Reilly handed additional role as deputy president Sompo Japan.
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- February 14 2025
MS&AD group profits up 137% to US$4bn on strong overseas growth
Group's overseas profits nearly doubled to top US$1bn due to lower nat cat losses and favourable investment income.
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- February 12 2025
Samsung Fire & Marine FY24 insurance profit down 6% at US$1.3bn
South Korean carrier's motor insurance COR deteriorated to 98.3% in FY 24 from 96.6% last year, while the P&C business' loss ratio for the period worsened to 64.4% from 61% in FY23.
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- February 12 2025
Suncorp’s H1 FY25 insurance service result up 134% at US$582m
Australian insurer's general underwriting performance helped by favourable natural hazard experience and reserve releases.
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- February 12 2025
BDIC unveils crypto insurance platform as it readies for Asia launch
The crypto insurer will roll out first in key Asian markets, including Hong Kong, Singapore, Japan, Taiwan, and South Korea and targets Southeast Asian markets by Q4.
