Industry Segments: P&C Page 18 / 57
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- December 5 2023
TMK’s Spyropoulos: We are so much more than a property D&F specialist
The blue-chip carrier’s regional CEO says ambitious growth plans for Asia Pacific will focus on a broad range of emerging risks such as cyber and political risks.
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- December 4 2023
Hong Kong’s September extreme weather bill at US$243m: HKIA
Black rainstorm accounted for 81% of the claims, while the rest came from Typhoon Saola; 86% of gross claims incurred were property losses.
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- December 4 2023
APRA issues general insurance licence to Ivory Insurance
The startup plans to provide professional indemnity and general liability insurance capacity to underwriting agencies in the Australian SME market.
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- December 4 2023
Samsung insurance arms set for new CEOs in groupwide leadership reshuffle: report
The non-life CEO Hong Won Hak is set to take charge at the life arm, while vice president Lee Moon Hwa will move up at Samsung Fire & Marine.
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- December 4 2023
Lower regulatory costs, robust economy drive Indian non-life sector: AM Best
The rating agency revised outlook on India’s non-life insurance segment to stable from negative
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- December 4 2023
Quarter-million Australian properties exposed to 1-in-20 year flood risk: ICA
The industry group said in a submission to a parliamentary inquiry said New South Wales, Queensland and Victoria, respectively, were the most vulnerable.
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- December 1 2023
Zking P&C to remain profitable in 2023 despite higher claims: Fitch
Fitch Ratings has affirmed an insurer rating at 'A-' (strong) for the company with a stable outlook.
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- November 30 2023
Hong Kong P&C underwriting profit plunges 56% in first nine months of 2023: HKIA
The city’s moribund property market and severe weather events in September pressured insurers’ bottom line.
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- November 30 2023
Surge in claims volume testing APAC service capabilities
Increasing nat cat losses, rising cyber claims and inflation leave regional response infrastructure in danger of being overwhelmed, lengthening lead times significantly and driving up costs.
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- November 29 2023
Siddhartha Medappa returns to Zurich as APAC head of risk
Sydney-based Medappa joins from Tokio Marine, where he was chief underwriting and reinsurance officer.
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- November 29 2023
MS Amlin expands Singapore political risk, treaty teams
Sam Lim has been appointed as senior underwriter, credit and political risk, while Jinnan Tang joins as treaty underwriter.
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- November 29 2023
‘Cannot run away’ from nat cat risks, says Tokio Marine chief: report
Chief executive Satoru Komiya told the Financial Times that nat cats, not systemic cyber-attack, remains the biggest risk to the sector.
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- November 28 2023
IAG blames Credit Suisse’s due diligence failures for Greensill losses: reports
The insurer, in an Australian court filing, said that the Swiss bank should have known that the Bond and Credit company did not have the authority to issue the policies.
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- November 24 2023
Reinsurance rates to moderate during January renewals: Fitch
Insured natural catastrophe claims are likely to exceed US$100bn again in 2023 but global reinsurers have been far less affected than in 2022.
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- November 23 2023
Meritz Fire & Marine Insurance appoints new CEO amid leadership reshuffle
Kim Joong Hyun has been appointed chief executive of the Korean carrier while the incumbent CEO Kim Yong Beom steps down to oversee the group’s overall financing.
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- November 22 2023
AIG veteran Tomi Latva-Kiskola to head Everest Insurance Asia
Swee Keong Mah, current interim head for Asia, has been appointed as chief executive officer, Everest Insurance Singapore.
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- November 22 2023
Cyber threats biggest worry for APAC enterprises: Aon risk survey
Only two of the top five current risks in the Asia Pacific are insurable and half of the overall top 10 are uninsurable at present.
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- November 22 2023
IAG Australia hires Liberty’s Ashley Leszczuk as lead liability underwriter
Sydney-based Leszczuk will start his new role on November 27.
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- November 22 2023
Chubb Australia names Andrew Whitlock as senior casualty underwriter for major accounts
Whitlock, who was most recently senior casualty underwriter for corporate and construction at Chubb's London office, will relocate to Sydney to assume his new role.
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- November 21 2023
Malaysian Re reports US$23.8m net profit in H1 FY 2024
The Asean reinsurer returned to profit in the first six months of the financial year on the back of higher insurance service results and investment gains.
