Industry Segments: P&C Page 62 / 72
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- June 7 2021
Taiwan’s P&C players demonstrate resilience
Non-life market expected to grow 5-6% annually over the next few years with the motor sector playing a key role.
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- June 4 2021
India shrugs off pandemic growth pains
Non-life premiums rose 22% in April despite a devastating second wave of Covid cases.
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- June 2 2021
Japan’s P&C players struggled overseas in last financial year
Profit drops at 'Big Three' related to Covid-19 and credit insurance, according to Moody's.
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- June 2 2021
Japan’s global majors face heightened supervision
FSA to up scrutiny of MS&AD, Sompo and Tokio Marine's overseas units.
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- June 1 2021
Tencent-backed venture receives HK reinsurance licence–report
FuSure Reinsurance has applied to reinsure 17 non-life lines including railway rolling stock, aircraft and ship liability.
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- June 1 2021
Hong Kong’s non-life underwriting profit up 55.6% in Q1
Regulator data shows GWP for non-life insurance remained flat at US$2.36bn.
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- May 31 2021
India’s non-life market to face continued headwinds
AM Best notes that motor, health and crop lines were some of the worst performing in FY 2021.
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- May 28 2021
Chubb makes four APAC leadership appointments
Regional vice president Glen Browne to oversee A&H and personal lines across Asia Pacific.
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- May 27 2021
Tower Insurance hit by cat claims as H1 profit drops 19.5%
New Zealand P&C player dealt with a large fire and severe flooding, but GWP climbed 6% to US$141m.
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- May 26 2021
Macau insurers brace for losing streak
Non-life premiums in Macau fell for the first time in a decade in 2020.
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- May 24 2021
China’s non-life underwriting margins to remain depressed in 2021: Fitch
Motor insurance reforms caused GWP to drop 30% on renewals despite increase of new vehicle sales.
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- May 21 2021
Japan’s ‘Big Three’ P&C players ride out Covid storm
MS&AD, Sompo and Tokio Marine benefitted from fewer domestic nat cat and motor claims.
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- May 20 2021
Asia to drive global P&C growth in next decade
APAC to account for 40% of all premium growth.
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- May 18 2021
Peak Re hires from Hannover Re for global retro head
Sascha Bruns is set to join in September and will work on strategy for P&C business.
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- May 12 2021
Chubb promotes internal candidate to head Australia/NZ P&C
Chris Gough has been with the insurer since 2013 and previously led casualty operations.
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- May 11 2021
Zurich’s Min-Jie Ye to lead FWD GI Hong Kong: sources
IAN understands the head of HK specialty is set for a senior position at FWD General Insurance.
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- May 11 2021
Allianz’s GI China JV underwriting performance to feel pressure: Fitch
Expansion into health market is key reason cited by the rating agency, but outlook remains stable.
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- May 3 2021
South Korea’s insurers feel the Covid pinch overseas
Non-life operations in China, Indonesia and Vietnam the main international focus of local players.
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- April 30 2021
Canopius bolsters APAC team with two Singapore hires
Glen Lua and Rhys Purchase take on A&H and D&H commercial property underwriting roles.
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- April 27 2021
Sompo Japan outlook revised to stable: Fitch
The insurer's domestic underwriting business offset the negative impact of Covid-19 on its international operations.
