Industry Segments: P&C Page 30 / 56
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- May 18 2023
Travel cover in the fast lane with higher premiums and attachment points
The average rate increase in the past 18 months reached 15% in the Pacific, high single digits in South-East Asia and India, with similar trends expected in China and Japan.
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- May 17 2023
Travel insurer battleface opens base in Australia
The US-based carrier has partnered with MGA Mustard Underwriting, insurtech Wise & Silent and start-up Awai Travel for its regional foray.
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- May 17 2023
Tokio Marine withdraws from select Pacific markets: report
The insurer exits Guam and the Northern Mariana Islands as margins deteriorated in 2022 as medical claims rebounded.
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- May 16 2023
Chubb Australia promotes Ryan Spettigue to global client executive
Spettigue was earlier the national leader for major accounts division, casualty, Australia, responsible for the insurer’s key clients.
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- May 12 2023
Chinese insurers premium growth to accelerate in 2023: Fitch
The first quarter of FY 2023 has already seen rapid growth as non-motor grew by 14.1% and motor rose by 6.2% year-on-year.
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- May 11 2023
Indian finance ministry sets riders for fresh capital in three state-owned P&C carriers: report
National, Oriental and United India will need focus on the bottom line and improve costs, digitalisation and products.
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- May 11 2023
Ping An P&C settled US$27bn of claims in 2022
The group, across its four insurance companies, paid for more than 200 million cases at an average of about 600,000 cases per day in 2022.
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- May 11 2023
Raheja QBE appoints Rajeev Dogra as MD and CEO
Mumbai-based Dogra, who joined the firm in 2011, was most recently chief distribution officer.
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- May 10 2023
Starr Insurance expands Malaysia operations with Labuan branch
Starr Labuan, to be overseen by Rawi Letchumanan, will take over all new and renewal business previously produced by Starr Underwriting Agents (Labuan).
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- May 10 2023
Kyobo Life Insurance eyes general insurance re-entry via acquisition: report
The life insurer denied reports that it was in talks to acquire a 51% stake in digital carrier Kakao Pay Insurance.
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- May 9 2023
Travel company EaseMyTrip plans to enter Indian non-life business
The board met on May 8 to approve plans to set up a wholly owned subsidiary to start a GI arm and consider overseas acquisitions.
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- May 9 2023
IAG’s chief strategy officer and CFO to exit
Tim Plant leaves at the end of June as the carrier consolidates group functions, while CFO Michelle McPherson will retire by the end of 2023.
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- May 5 2023
Swiss Re rejigs Asia board with Victor Kuk appointed as CEO
Paul Murray steps down after becoming global CEO for L&H Re, while Deanna Ong has been named chairperson of the board.
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- May 5 2023
BHSI elevates Sydney-based Cameron Holmes to global role
Holmes will take charge as global underwriting officer, property for energy and construction.
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- May 4 2023
Asia commercial pricing moderates in Q1 2023: Marsh
Rates rose 1% in the region, while global commercial insurance prices increased 4% in Q1 2023, according to the broker's pricing report.
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- May 4 2023
India, Singapore lead Asia early-stage insurtech funding in Q1: Gallagher Re
India stood third globally in value terms with US$39m in investments, Singapore saw deals worth US$13.2m.
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- May 3 2023
HDFC Ergo GI elevates Anuj Tyagi to joint managing director
A 14-year veteran with HDFC Ergo, Tyagi was most recently deputy MD.
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- May 3 2023
ICA calls for regulatory planning overhaul along UK lines
The insurer body is pushing for new financial services planning and prioritisation forum modelled on the Financial Services Regulatory Initiatives Forum.
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- April 28 2023
Zhongyuan sees stable business ahead, cat cover low: AM Best
AM Best has affirmed the insurer a rating of B++ (good) with a stable outlook, but says it requires more cat reinsurance.
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- April 28 2023
Hinduja Group offers to inject US$43m into India’s Reliance General Insurance
The offer is part of the group's takeover bid for troubled financial services group Reliance Capital, which owns 100% of the general insurer.
