Industry Segments: P&C Page 44 / 57
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- December 31 2021
Japan’s ‘Big Three’ primed for SE Asia growth
Sompo, Tokio Marine and MS&AD have all launched a number of initiatives in Thailand, Vietnam and Singapore this year.
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- December 30 2021
China Pacific Property Insurance to get non-motor boost
Moody's report suggests agriculture could be a key source of premium growth for the P&C player.
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- December 29 2021
Malaysia’s insurers face US$715m flood bill
The country's P&C players have also created a relief fund for motorists in the wake of Super Typhoon Rai.
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- December 29 2021
Australia’s insurers set for improved 2022
General insurers down under saw underwriting profits jump 163% in the first nine months of 2021.
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- December 28 2021
Tokio Marine sees NPW rise as rates harden
Domestic NPW at Japan's largest P&C player increased by 3.2% in H1 2021 while overseas premiums increased by 8.9%.
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- December 20 2021
Sompo hands group CEO additional chairman role
Kengo Sakurada will assume the two top roles at the Japanese insurer effective April 1, 2022 with Mikio Okumura becoming president.
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- December 10 2021
Generali eyes increasing India JV stakes: report
The Future Group has been looking to divest its stakes in the P&C and life JVs for around 18 months.
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- December 9 2021
China Re bullish on Hong Kong P&C market
The reinsurer's CFO tells IAN the local non-life market is still at an "early" stage of development.
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- December 8 2021
Chubb appoints Hong Kong and Singapore presidents
Scott Simpson is relocating to HK from Singapore as Kevin Bogardus moves from China to the Lion City.
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- December 7 2021
FWD GI gets outlook upgrade
Fitch report says the Hong Kong P&C player plans to expand its device protection retrocession business.
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- December 3 2021
Malaysia’s Lonpac gets lockdown boost: AM Best
Movement restrictions during the pandemic led to lower loss ratios for some business lines.
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- December 2 2021
Indonesia’s Tugu ‘dominates’ energy, aviation and marine: AM Best
The company has "high reinsurance usage" to support the underwriting of large commercial risks.
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- December 1 2021
Japan property rates to keep rising: Fitch
The increases are set to continue in part due to higher reinsurance costs.
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- December 1 2021
Hong Kong premiums down 1.1% over first nine months
HKIA data shows the sector recorded total GWP of US$58.5bn as mainland visitors continued to be impacted by travel restrictions.
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- November 29 2021
WTW taps Zurich exec as Asia casualty head
Hong Kong-based Ben MacCarthy starts in December amid a string of senior regional appointments at the global broker.
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- November 26 2021
QBE linked to Zurich’s Australia GI operation – report
A report in The Australian suggests any deal could be worth around US$350m.
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- November 26 2021
South Korea’s non-life insurers see net income jump 62.6%
This uptick was partly attributed to lower motor loss ratios due to the Covid-19 pandemic.
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- November 25 2021
Indonesia’s Wahana Tata faces Covid rules hit: Fitch
The insurer's COR averaged at 97% between 2018-20 due to reduced motor claims following travel restrictions.
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- November 25 2021
Sri Lanka’s P&C players face motor fee burden
Fitch report says a government charge on vehicles involved in traffic accidents may have to be reimbursed by insurers.
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- November 24 2021
Taiwan’s non-life players benefit from benign nat cat experience
P&C insurers have recorded a five-year average net combined ratio of 95.6%, according to AM Best.
