Industry Segments: Property Page 1 / 8
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- December 12 2024
Rising personal lines prices help stabilise global P&C sector: Moody’s
Pricing in China is unlikely to meaningfully improve, especially in motor, due to directives designed to reduce financial pressure on policyholders as well as mispricing risk for EVs.
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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 5 2024
Malaysia’s floods trigger surge in home and commercial property claims
The event has also led to significant agricultural and infrastructure losses estimated at US$224m and affected hundreds of thousands of households.
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- November 28 2024
Australian carriers call for fee transparency, better land use planning to address strata affordability
The Insurance Council of Australia has made 17 recommendations in a policy paper released to help improve outcomes for consumers in strata complexes.
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- November 28 2024
Typhoon Yagi losses set to reshape Vietnamese (re)insurance market
With insured losses likely to add up to a decade’s industry profit, the market could see rates and retentions increase and accelerate the shift to XoL structures.
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- November 21 2024
1.1 property renewals to be stable, casualty rates may harden: AM Best
The outlook for the segment remains positive, however, adverse reserve developments weigh on the liability market.
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- November 19 2024
Agile launches Lloyd’s-backed property offering in Australia
The MGA has hired Ellie Chen as property underwriter and will offer US$6.5 million coverage for industries like agriculture, retail, and healthcare.
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- November 18 2024
Tugu Re’s property, credit businesses adds volatility as 2023 COR rises to 107%: Fitch
The global rating agency has affirmed Tugure’s rating at 'A+(idn)' with a stable outlook.
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- November 11 2024
Chubb promotes Conrad Gordon to South Asia property manager
Gordon, who was previously property manager covering Victoria and Tasmania, will relocate from Melbourne to Singapore for his new role.
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- November 7 2024
Cyber, property cornerstones in Beazley’s APAC growth strategy
Jessica Schappell, head of Asia Pacific at Beazley, outlines her vision for the region, focusing on deepening market penetration, leveraging a well-established team, and expanding the property and cyber insurance footprint.
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- November 5 2024
New Zealand central bank warns of premium hikes for high-risk properties: reports
For vulnerable properties, flood risk premiums are becoming more common as the trend towards risk-based pricing continues, RBNZ noted.
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- October 31 2024
India and Korea bright spots in FM’s regional play
Growing Asian economies drive demand for data-driven risk mitigation, say the mutual's regional leaders James Thompson and Tan Hian Hong.
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- October 25 2024
Dali owner, operator reach US$100m settlement over Baltimore bridge collapse
Singapore-based Grace Ocean and Synergy Marine, the owner and operator of the cargo ship that struck the Francis Scott Key Bridge in the US earlier this year, have agreed to pay the amount to the US federal government.
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- October 25 2024
Pacific rates drop 6% in Q3 driven by declines in finpro, cyber and property lines: Marsh
Finpro premiums was down 14%, while cyber cover saw a 11% disclose and property declined 6% as increased competition and capacity weighed on ratings.
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- October 24 2024
Asia insurance rates drop 4% in Q3 led by finpro and cyber lines: Marsh
Finpro lines have seen decreases up to 30% in some cases as continued lack of activity in the capital markets limited insurers' opportunities for new business, according to the latest Global Insurance Market Index by the broker.
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- October 24 2024
QBE partners Eos Rhea Metis to offer risk engineering services in greater China, South-East Asia
The partnership with the Taiwanese risk manager will support engineering and property underwriting, enhanced risk assessment processes and wider market access.
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- October 24 2024
Asian insurance market faces turbulence amid nat cats, economic shifts: WTW
The Pacific market is experiencing more favourable conditions, with reductions in pricing for various sectors, including construction and liability.
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- October 21 2024
Starr Insurance receives regulatory nod for Seoul branch
The carrier's new branch will be led by Aon veterean Paul Choi and it will offer commercial P&C products across Korea.
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- October 21 2024
Axa XL grows Australia presence with three senior hires in Perth
It has hired senior underwriters Chris McElroy from BHSI for property, Amanda Rattue from Vero for financial lines Trent Jeuring from Chubb for casualty.
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- October 18 2024
WTW taps Tatsuro Nakamura as Japan head of construction
Nakamura, who joins from Starr Indemnity and Liability, will support the broker's One WTW strategy, working with regional and global clients.
