Industry Segments: P&C Page 6 / 72
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- December 20 2024
Berkley makes India foray, hires Unnati Bajpai as CEO
Specialty carrier becomes second player to set up a branch in country's special economic zone.
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- December 19 2024
Korean general insurance premiums grew 8.7% in H1 2024: Korean Re
Non-life insurers saw strong growth in long-terrm and retirements products, however, motor insurance premiums declined 1.2% year-on-year.
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- December 18 2024
Economy recovery, rate hikes and regulatory reforms to benefit Malaysian insurers: AM Best
The global rating agency has maintained a stable outlook on the country's non-life insurance segment.
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- December 16 2024
Allianz withdraws US$1.6bn offer to acquire Singapore’s Income Insurance
The pre-conditional offer was called off following the Singapore government's decision to block the deal.
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- December 16 2024
PetroVietnam to fully exit domestic insurance arm by end-2025
Petroleum firm plans to exit HDI Global-backed PetroVietnam Insurance Corporation (PVI) as part of a restructuring of state-owned companies.
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- December 12 2024
Public Bank’s takeover of Lonpac parent will have neutral impact: AM Best
The bank completed the acquisition of a 44.15% stake in the Malaysian insurer’s owner LPI Capital on December 5, becoming its largest shareholder.
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- December 10 2024
IAG subsidiary hit with yet another class action suit over ‘loyalty tax’
The insurer says it will defend the second group proceeding commenced by Slater and Gordon this year.
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- December 9 2024
China to ‘open up’ to foreign P&C players as part of industry reform action plan
The NFRA plan for the industry will also support the development of Hong Kong as an international financial centre.
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- December 9 2024
KDIC picks Meritz Fire & Marine as preferred bidder for MG Non-Life sale
The bidder gets an exclusive negotiation period to complete the acquisition of the state-owned insolvent carrier.
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- December 9 2024
Meritz Fire & Marine’s strong earnings to support its risk-adjusted capitalisation: AM Best
The rating agency has affirmed financial strength rating of ‘A’ (excellent) and a long-term issuer credit rating of “a” (excellent) of the carrier with a stable outlook.
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- December 9 2024
Pricing, deductibles and wordings under pressure in Australian financial lines market
The integration of cyber with financial institutions products hold up the rates because there aren't many markets offering this solution, says IQUW’s Tristram Prior.
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- December 9 2024
Investment income key profitability driver for China Taiping Hong Kong: AM Best
AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (excellent) for China Taiping Insurance (HK) with a stable outlook.
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- December 6 2024
China Taiping opens representative office in Dubai
The establishment of the office, located in DIFC, will help the carrier support Belt and Road initiative.
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- December 6 2024
Vietnam’s Petrolimex Insurance could see volatility ahead over Yagi losses: AM Best
AM Best has affirmed an insurer rating of B++ (good) with a stable outlook to PJICO.
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- December 5 2024
Oona names FWD’s Praveen Paladugu as group agency distribution head
Paladugu will oversee agency distribution channels for the Warburg Pincus-backed carrier across Indonesia and the Philippines.
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- December 4 2024
Despite challenges, Asia Pacific non-life insurers to benefit from rate hikes, costs control: Fitch
The rating agency has assigned a neutral outlook for the Asia Pacific insurance sector.
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- December 3 2024
Asia mining rates soften as companies seek local capacity: Marsh
Underwriters are concerned with the structural integrity of assets and the availability of spare parts inventory in the industry even as losses tracked higher than might have been expected over the past 12 months.
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- December 3 2024
Gallagher Australia acquires transport specialist Hann Insurance Brokers
The New South Wales based broker's MD Rhett Hann and his team will join the global broking group's Newcastle office.
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- December 2 2024
Edme Insurance Brokers promotes Saurav Guha Maulik to director, private equity and M&A services
Maulik was most recently director and business lead for private equity, M&A and structured credit lines with the broker.
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- November 28 2024
Taiwan’s CTBC Insurance to improve financials driven by personal lines, investment performance: AM Best
AM Best has assigned an insurer rating of B++ (good) with a stable outlook for the company.
