Industry Segments: P&C Page 51 / 72
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- June 13 2022
Tower completes sale of Papua New Guinea subsidiary
Local P&C player Alpha Insurance has bought the book as Tower focuses on other Pacific Islands.
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- June 13 2022
Asia casts its eye over the Florida renewals
Munich Re, Swiss Re and RenaissanceRe have all withdrawn capacity from the market.
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- June 8 2022
China launches insurance scheme to boost vaccine take-up
The scheme pays out up to US$75,000 in the event of illness.
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- June 7 2022
Taiwan’s P&C capital levels under pressure from Covid claims
The situation shows the danger of underwriting policies for which there is inadequate data.
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- May 31 2022
Allianz GI China JV insufficiently capitalised for growth: Fitch
The firm's solvency ratio has fallen from 320% to 200%.
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- May 27 2022
Australia’s general insurers saw US$303m loss at start of year
The devastating floods in February and March sparked an increase in claims.
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- May 25 2022
Shine comes off Asia insurance growth: Allianz
Asia P&C grew by just 1.4% in 2021, compared to 6.3% globally.
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- May 24 2022
Profits up 48% as Japanese insurers rebound
Japan’s big three benefit from lower nat cat losses in Japan and rate increases internationally.
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- May 20 2022
Kenny Pang returns with CEO role at Asia-Pacific Property & Casualty Insurance
The executive left Tugu's Hong Kong operations in February.
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- May 20 2022
South Korea’s non-life players see underwriting profit boost
Net profits rose by 72% in 2021 to a record-high of US$3bn in 2021, according to AM Best.
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- May 20 2022
Beijing Nova Insurance signs deal with Towngas
The firm is an associate of Hong Kong broker Nova Insurance.
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- May 18 2022
Starr acquires FPG’s Thai operations
The firm will strengthen local product offerings with tailored commercial insurance and A&H cover.
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- May 18 2022
Petronas’ captive rating boosted by favourable COR: AM Best
Energas Insurance has has a five-year average combined operating ratio of 66%.
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- May 18 2022
Singapore’s (re)insurance sector looks beyond Covid
Overseas talent has remained in the Lion City although another partial lockdown could derail this.
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- May 17 2022
Raheja QBE and Paytm M&A deal ‘terminated’
The deal to acquire 100% of the company was first signed in the summer of 2020.
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- May 16 2022
Commercial lines give Zurich 11% boost in APAC P&C as rates stay ‘moderate’
Rates at the insurer climbed 3% in Q1, with P&C GWP hitting US$832m.
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- May 16 2022
Asia’s income inequality limits insurance potential
New research shows that inequality lowers demand for P&C insurance in all economies.
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- May 13 2022
Allianz Australia takes 20.8% COR nat cat hit
Combined ratio hits 106.6% after February and March flooding drives €150m loss.
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- May 12 2022
Swiss Re to launch another innovation hub in India
The Hyderabad center complements the firm's existing India hub in Bangalore.
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- May 6 2022
QBE CEO warns of US$75m hit from Ukraine crisis
The Australian insurer has exposure to political violence, political risk and aviation.
