Industry Segments: P&C Page 62 / 72
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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.
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- April 23 2021
Japan P&C profits to be driven by new specialty lines
Moody's report says demand for cyber, business interruption and event cancellation is set to grow post-pandemic.
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- April 20 2021
Q&A: Aon Re’s Qin Lu on China’s ‘unprecedented’ digital opportunity
Greater China CEO reflects on foreign investment, renewals, the GBA, P&C reforms and Covid-19.
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- April 19 2021
Suncorp prepares to defend itself against class action lawsuit
The Brisbane-based firm is accused of "misleading or deceptive conduct" over add-on cover.
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- April 15 2021
Generali in talks to buy Axa’s Malaysia P&C assets: report
The Italian insurer is understood to be targeting the French insurer's stake in Axa Affin GI.
