Industry Segments: P&C Page 8 / 56
-
- May 31 2024
Allianz Commercial appoints Barbara Williams to Asia managing director for finance
Williams, who was most recently director of finance for the insurer's Canada branch, will relocate to Singapore and will be responsible for managing core financial functions across Asia.
-
- May 30 2024
Union Insurance’s capital restored to pre-Covid levels: AM Best
AM Best affirmed its financial strength rating of "A-" (excellent) with a stable outlook, citing a very strong balance sheet and adequate operating performance.
-
- May 30 2024
Australian consumer lobby calls for ‘significant reforms’ to general insurance code
The current code of conduct is riddled with loopholes that insurers have exploited, failing to provide adequate protection for consumers during critical times, says ACIL, which has formulated a set of 52 recommendations.
-
- May 29 2024
Geographic diversification will support Japan P&C insurers’ profitability: Moody’s
- P&C
- Japan
- Aioi Nissay Dowa Insurance
- Mitsui Sumitomo Insurance
- MS&AD
- Sompo
- Tokio Marine
- Tokio Marine & Nichido Fire
While the sector's outlook is stable, the insurers' overseas premium growth would slow in the next 12-18 months, the rating agency said.
-
- May 29 2024
IAG slapped with class action suit over ‘loyalty tax’ on home insurance renewals
IAG says it intends to defend the proceedings commenced by class action specialist law firm Slater and Gordon against its subsidiaries IAL and IMA.
-
- May 29 2024
Tower swings back to profit in H1 2024 on absence of large nat cat
The Kiwi insurer's reported net profit after-tax totalled US$22.2m, reversing the US$3.1m net loss a year ago.
-
- May 28 2024
Cédric Boureau returns to CCR Re as senior actuary underwriter for Asia, Africa
Boureau, who had left the French reinsurer for Swiss Re in 2020, will report to John Conan, director of P&C for Asia and Africa.
-
- May 27 2024
Zurich Singapore names Matthew Graves as chief claims officer
Graves will report to Singapore CEO Liam Burrell and have oversight over commercial and retail segments.
-
- May 27 2024
Tropical cyclone landfalls in East Asia set to be above-normal: Guy Carpenter
The western North Pacific region will likely see 19 to 21 tropical cyclone formations this year, which is near-normal activity, according to the reinsurance broker.
-
- May 24 2024
HKIA appoints new executive directors for GI and long-term business
Lee Moung-mo will have oversight of general business, while Marty Lui will take charge of long-term business.
-
- May 24 2024
Japan’s big 4 admit to leaking customer data to competitors: report
- Non-life
- Japan
- Aioi Nissay Dowa Insurance
- Mitsui Sumitomo Insurance
- MS&AD
- Sompo
- Tokio Marine & Nichido Fire
Agencies handling policies for Tokio Marine & Nichido Fire Insurance, Sompo Japan Insurance, Mitsui Sumitomo Insurance, and Aioi Nissay Dowa Insurance were sharing motor insurance customers' names, policy numbers, premium amounts and maturity dates.
-
- May 23 2024
Fairfax-backed Go Digit makes a quiet trading debut
The US$314m IPO was priced at the top end of the price band valuing the digital insurer at US$3bn.
-
- May 22 2024
Diot-Siaci to buy majority stake in Indian broker Unilight
The agreement is expected to strengthen Diot-Siaci's presence in Asia and allow the European broker to participate in the expansion of the Indian insurance market.
-
- May 22 2024
Income Insurance exploring strategic options for APAC expansion: Bloomberg
The Singaporean insurer had provided liquidity to almost 16,000 shareholders for holdings worth US$619m through a private exchange listing last month.
-
- May 22 2024
Rise of autonomous vehicles switches gears on motor liability cover
As the use of self-driving technology widens to taxi and minibus fleets in China, (re)insurers are referencing new regulations on their use on roads to explore new cover for autonomous vehicles.
-
- May 21 2024
Japanese big 3 results bolstered by overseas business, weak yen
The Japanese insurers' international subsidiaries reported strong performance in 2023 due to steady rate increases, while domestic premium growth remained muted despite fire and motor premium hikes.
-
- May 20 2024
Chinese regulator fines Ping An P&C for internal control failures, fund misuse
The fines were imposed on the company as well as 12 "responsible" employees over a range of violations including internal failures and inappropriate or illegal fund allocations, according to the regulator.
-
- May 17 2024
Axa XL elevates Robert Riha to chief client and distribution officer for APAC and Europe
Riha will relocate from Singapore to Dublin and lead the company’s broker engagement and marketing activities.
-
- May 17 2024
Starr Insurance launches in Korea with Paul Choi in charge
Choi was formerly Aon Korea's chief broking officer and has been named CEO of the insurer's new branch in Seoul.
-
- May 17 2024
Beat Strebel to take charge as Swiss Re China CEO
Currently head of P&C reinsurance for Middle East & Africa, Strebel has takes over from Ivan Gonzalez, who has been elevated to CEO of Swiss Re CorSo.
