Industry Segments: P&C Page 35 / 57
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- January 11 2023
QBE appoints Julie Wood as group head for distribution
Wood, who comes from Marsh, will also join the Australian insurer’s group executive committee.
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- January 10 2023
Reliance General Insurance’s fundraise to be delayed as parent restarts sale process
Lenders of Reliance Capital voted unanimously to hold a second e-auction for an outright sale after a dispute over the original winning bid.
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- January 9 2023
Hong Leong Insurance to improve underwriting to pre-Covid levels: AM Best
The Hong Kong insurer's combined ratio is significantly better than the industry average.
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- January 6 2023
Paul O’Neill to lead Sompo International APAC commercial
The former Howden APAC specialty CEO will develop strategy for markets outside of Japan.
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- January 6 2023
Suncorp checks on Zurich’s Australian P&C arm again: report
Any proposed deal would likely exclude Suncorp's travel insurance portfolio Cover More.
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- January 6 2023
Kim Duixun takes over as Hyundai P&C’s interim GM in China
Jiang Xinwei, the former GM, resigned due to personal reasons.
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- January 5 2023
SEC approves Axa Philippines-Charter Ping An merger
Axa will assume the assets, liabilities, rights and obligations of the firm, while customers will not be affected.
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- December 28 2022
Japan’s big three told to continue marine cover in Russia: report
Insurers' plans to exit the business announced last week could affect the country's energy imports of Sakhalin-2 liquefied natural gas, which accounts for 9% of its imports.
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- December 28 2022
Korea’s DB Group reshuffles insurance leadership
The chaebol names Kim Jeong-nam as vice chairman and Jeong Jong-pyo as the chief executive of the insurance arm following a group restructuring.
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- December 23 2022
Tugu outlook revised to negative over poor underwriting performance: AM Best
The rating action is despite the Indonesian carrier posting a 15% jump in pre-tax profits for the first nine months of 2022.
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- December 22 2022
Korean P&C carriers to improve profitability: S&P Global
Insurers have limited catastrophe exposure, and this comes with effective reinsurance protection.
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- December 21 2022
Burning costs are not mandated risk rates, clarifies IRDAI
Industry breakeven cost is only a reference point to understand claims experience in fire perils across the industry, the regulator said.
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- December 19 2022
Regional P&C players bet on Indonesia despite headwinds
The country is seeing a flurry of deals and is expected to overtake Thailand as the largest Asean P&C market.
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- December 14 2022
India’s LIC and state-owned general carriers could merge for better synergies: Jefferies
Global experience is in favour of composite insurers with benefits in terms of cross-selling, operational synergies and diversification, the report claims.
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- December 13 2022
China’s easing Covid norms to help non-life underwriting performance: AM Best
Non-life insurers in China posted a healthy 20% earnings growth this year till September.
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- December 12 2022
China Taiping Hong Kong’s underwriting margins remain thin: AM Best
The P&C carrier’s combined ratio remained above 100% despite improvements in performance.
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- December 9 2022
Etiqa’s five-year average COR at a ‘strong’ 87%: AM Best
The Malaysian general insurer's performance is driven by low net losses in core lines and strong reinsurance commission income.
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- December 8 2022
Chubb acquisition positive for Huatai P&C: Fitch
Chubb has been handed regulatory approval to acquire 83.2% of the business.
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- December 7 2022
Japan, Korea and China stable as global P&C outlook turns negative: Moody’s
In most regions across the globe claims inflation is hurting underwriting profitability.
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- December 5 2022
Allianz seeks to grow Asian P&C mid-market presence
Eyes expansion in the segment where it is underweight through investments in people and capabilities.
