Industry Segments: P&C Page 62 / 71
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- March 26 2021
South Korea insurers’ profit spike to face 2021 headwinds
Regulator reveals 14% increase for 2020 but expert predicts claims jump as Covid-19 restrictions are relaxed.
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- March 26 2021
Iain Reynolds and Andrew Souter to co-lead Peak Re’s P&C operation
Head of analytics and director of markets step up as Chris Kershaw retires.
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- March 25 2021
Malaysia’s motor market needs ‘opening up’: PIAM
Industry body urges changes in how insurers can price risk to address consistent losses.
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- March 23 2021
China FDI changes won’t spur insurance gold rush
Replacing ownership caps with a national security review is unlikely to open the investment floodgates, experts tell IAN.
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- March 22 2021
NSW floods to bring ‘significant’ commercial claims
Market sources tell IAN the loss situation is "dynamic" as Sydney dam overflows.
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- March 22 2021
Philippines’ capital requirements to push P&C deals
AM Best says minimum net worth regulations to drive mid-tier M&A in the coming years.
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- March 22 2021
Fairfax Asia makes take private bid for Singapore Re
The reinsurer focuses on property, liability, accident and marine lines and is valued at US$155m.
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- March 18 2021
Singapore’s 2020 P&C underwriting profit hits US$177m
GIA data shows specialty lines fell to a US$20m loss although GWP was up 10% to US$590m.
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- March 17 2021
China’s January GWP exceeds US$150bn
CBIRC data shows a strong start to the year with health insurance premiums up 28%.
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- March 16 2021
AIG Korea appoints Ramzi Toubassy as new CEO
The Malaysia-based AmMetLife head is set to replace the retiring Douglas Min on April 1.
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- March 16 2021
Hong Kong’s general sales rebound amid ongoing life slump
Experts tell IAN the local market is far too dependent on mainland customers.
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- March 15 2021
CBA general insurance sale heats up with Tokio Marine entry: report
A CommInsure sale could generate US$730m as April bid deadline looms.
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- March 15 2021
Ted Wai to leave FWD in Hong Kong: sources
IAN understands the general insurance head — in situ since 2013 — decided to leave last week.
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- March 15 2021
Asia-Pacific 2020 review
Data from around the region shows insurers have had mixed responses to a tough year.
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- March 10 2021
Jarrod Hill to join IAG amid management reshuffle
Former Chubb country president starts in September as Amanda Whiting handed New Zealand CEO role.
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- March 5 2021
Taiwan regulatory supervision steps up as profits rise 33%
The FSC is changing capital and investment requirements to support insurers' resilience.
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- March 2 2021
Terence Chen resigns from Asia-Pacific P&C Insurance: sources
The Hong Kong general manager joined the firm earlier in the year after 25 years at Ping An.
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- March 2 2021
Japan P&C rates harden as quake, fire premiums rise
MS&AD, Sompo Japan and Tokio Marine make changes after a string of severe typhoons in recent years.
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- March 1 2021
Scor P&C’s Spichtig sees ‘momentum’ in reinsurance demand
The Singapore-based executive discussed the firm's Asia strategy and highlighted agriculture and renewable energy as key areas.
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- February 26 2021
Malaysia’s general market fell by 3.6% in H1 2020
Malaysia Re report notes that motor insurance, which represents 47% of the market, saw the worst decline.
