Industry Segments: Insurers Page 50 / 51
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- March 20 2025
Regulators approve Samsung Fire & Marine’s transition to subsidiary of Samsung Life
Non-life carrier will maintain independent management and have a separate board of directors.
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- March 19 2025
Ping An’s P&C FY24 net profit up 68% to US$2bn, COR improves to 98.1%
Chinese carrier’s insurance revenue rose by 4.7% year-on-year to US$45.4bn.
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- March 19 2025
Review panel urges Australian insurers to implement General Insurance Code recommendations on pricing
The ICA, in its action plan released earlier this week, had disagreed with pricing-related recommendations of the independent panel’s final report.
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- March 18 2025
Bajaj Finserv to evaluate listing of insurance arms after Allianz exit: report
The financial services group is not looking for another partner to run the non-life and life businesses, and it will relieve Allianz from a non-compete clause, chairman Sanjiv Bajaj said.
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- March 17 2025
QBE Asia strengthens Japan fac offering with Guy Carpenter veteran
Singapore-based Chie Yamamura will take over as the insurer's head of Japan desk effective from April 1.
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- March 14 2025
Sompo’s restructuring to accelerate Japan commercial shift
Executives add details to the integration of the group's business into a global P&C platform from April 1.
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- March 12 2025
Exclusive: Generali GC&C’s Asia head of casualty underwriting departs
Wendy Law leaves carrier after more than three years, IAN can reveal.
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- March 6 2025
MSIG Singapore hires Darren Say to lead broker development
He joins having spent over five and a half years at Chubb, having also worked for the likes of QBE, Axa and Aon.
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- March 5 2025
M Pallonji Group-led consortium applies for Indian general insurance licence: report
Group appoints Aditya Sharma, chief distribution officer at Bajaj Allianz, as CEO of proposed venture, according to the The Economic Times.
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- March 4 2025
Lockton taps Jay Sharma as regional head of specialties, Asia
Sharma will relocate to Singapore from New York and report directly to Asia CEO Tony Hardy, having previously worked for Marsh, Aon, and WTW.
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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.
