Industry Segments: Property & Casualty Page 4 / 14
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- February 7 2023
Scor’s rating downgraded over profitability issues and surprise CEO exit: Moody’s
Moody's expects that it will take time for the senior management to rebuild the group's track record.
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- January 13 2023
PICC P&C 2022 premium income rose 8.3% to US$70bn
The carrier saw a 22% rise in agri insurance premiums, while motor growth came in at a low 6.2%.
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- December 9 2022
CBIRC to start on-site inspections and tighten oversight of fund use by insurers
Average solvency ratio of property insurance companies and reinsurance were adequate at 238.9% and 309.1%, respectively, according to the regulator.
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- December 5 2022
Suncorp New Zealand hires Tower underwriting head
Nicholas Meister has joined the Australian insurer's arm as executive manager for broker business and channel partnerships.
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- December 5 2022
Meritz Fire & Marine’s loss ratio outperformed domestic peers: AM Best
The rating agency upgraded Korea’s fifth largest non-life carrier's rating to A on its strong profitability.
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- December 5 2022
Allianz seeks to grow Asian P&C mid-market presence
Eyes expansion in the segment where it is underweight through investments in people and capabilities.
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- November 30 2022
Zurich remains ‘open to India opportunities’ as it drops out of Reliance bid
The Swiss carrier had reportedly bid US$465m for the general insurance arm of Reliance Capital in the previous round.
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- November 23 2022
1.1 renewals: ‘There will be gaps in cover’, says Allianz’s Chris Townsend
‘While it is going to be a challenging environment into the second quarter of next year, there's a world of opportunity in the medium to long term.'
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- November 20 2022
Chubb gets regulatory nod to raise Huatai stake to 83.2%
The China Banking and Insurance Regulatory Commission approved the purchase of an additional 35.9% stake in the Chinese insurance group.
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- November 16 2022
AA Insurance names Michelle James as CEO
James, who joins from Tower Insurance, will assume office in February 2023.
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- October 4 2022
PingAn P&C bets on AI for nat cat risk reduction
The platform monitors local geographical and environmental data in real-time to send warnings to its clients.
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- September 26 2022
‘Deutsche Rück to focus on small and medium-sized insurers in Asia’
The carrier will rely on its own network of brokers but will certainly work with local ones too, Asia MD Tarik Aouad told IAN.
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- June 13 2022
Asia casts its eye over the Florida renewals
Munich Re, Swiss Re and RenaissanceRe have all withdrawn capacity from the market.
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- April 29 2022
Stagflation shock to be less severe in Asia: Swiss Re
P&C premiums in emerging markets will grow 4.3% this year, supported by the recovery in China.
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- December 30 2021
China Pacific Property Insurance to get non-motor boost
Moody's report suggests agriculture could be a key source of premium growth for the P&C player.
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- December 6 2021
Swiss Re appoints interim head to lead China operations
Brian Han replaces John Chen who is stepping down at the end of January.
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- October 28 2021
Ping An’s net profit continues downward trend
Premium income at the insurer's P&C arm fell by 9.2% over the first nine months of 2021.
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- October 26 2021
Hong Kong’s brokers urged to plan renewals early amid hard market
CIB event told that property risk models can fail to estimate the true scale of losses.
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- October 20 2021
SE Asia personal lines set for digital transformation
Online premiums for travel, accident and home insurance in southern Asia could reach US$7.5bn by 2025.
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- October 15 2021
Asia’s combined September economic losses exceed US$30bn: Aon
The region was hit by a series of powerful storms and two earthquakes.
