Industry Segments: P&C Page 55 / 72
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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 7 2021
India’s Reliance grows despite parent’s insolvency
This year’s 19% increase in premiums compares to an average of 13% for India's general insurance sector.
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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 2 2021
McLarens expands Asia team with senior appointments
The loss adjuster appoints Kevin Yu and Yee-Su Tsai to lead operations in China and Taiwan.
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- December 2 2021
GIC Re takes premium hit amid ‘bottom-line’ focus
The reinsurer tells IAN classes with higher claims are being avoided as health and marine business drops.
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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.
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- November 19 2021
Asia’s insurers set for inflation uplift
Claims will increase but rising prices and market growth will outweigh costs.
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- November 18 2021
KB Insurance’s underwriting boosted by fewer claims: AM Best
The firm is South Korea’s fourth-largest non-life insurer with a market share of around 13%.
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- November 17 2021
China, India and Indonesia to see non-life headwinds: AM Best
The rating agency said in a SIRC briefing that Covid-19 and low interest rates are common causes.
