Industry Segments: Property & Casualty Page 4 / 12
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- March 9 2021
Nova Insurance to join HK-listed FSE Services Group
GM Patrick Chan told IAN the broker will have more resources to expand once the deal is completed.
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- March 8 2021
Indonesia in recovery mode after 4% premium fall
Data for December shows strong rebound for the country's P&C sector.
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- February 18 2021
Private equity hunger for Asia insurers to grow
Global PE firm Carlyle has targeted South Korea's reinsurance space.
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- February 5 2021
APAC businesses led global rivals in Covid resiliency: Aon
52% of APAC survey participants had a pandemic plan in place prior to Covid-19.
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- February 4 2021
Chubb hires head of Asia property from AIG
Alex Todd will oversee the insurer's regional commercial property portfolio from Singapore.
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- February 3 2021
Queensland body calls for national reinsurance pool
Local government cites rising unaffordability of insurance in the north of Australia.
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- January 22 2021
Indonesia gets US$500m World Bank disaster loan
The government agreed a US$770m risk financing initiative with a consortium of (re)insurers in 2019.
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- January 12 2021
Malaysia flood losses could rise to US$10m
In-country loss adjuster tells IAN few large commercial claims are expected.
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- January 7 2021
‘Black Summer’ bushfires to cost Aussie market US$1.45bn
Catastrophe data provider Perils provides final P&C loss estimate.
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- December 15 2020
Philippines PNBGen to merge with Alliedbankers Insurance
Billionaire Lucio Tan is on both sides of the transaction.
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- October 19 2020
Insurers race to meet Philippines’ capital requirements
Four firms have been given a fresh deadline.
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- October 9 2020
Axa XL confirms senior Asia appointments
They are part of a division overseen by Xavier Veyry.
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- September 24 2020
PartnerRe’s James Beedle says “rates to harden” in Asia
The firm's regional CEO on market adaptation to the pandemic in preparation for 1:1 renewals.
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- September 23 2020
Peak Re boosts P&C team with director of markets hire
The Japanese-speaking exec is joining from Pioneer Underwriters in London.
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- September 14 2020
Hannover Re bullish on price rises for APAC 2021 renewals
The firm, led by Jean-Jacques Henchoz, sees progress, including in Australia and Japan.
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- September 10 2020
Shinhan’s capitalisation could “weaken” if it pursues M&A: S&P
Several of Korea's financial majors could be looking at buying Axa Korea.
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- September 1 2020
Hong Kong’s H1 premiums rise, but “Covid impact” coming
Firms look to the Greater Bay Area despite large drop in life policies taken by mainland Chinese.
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- August 31 2020
Billionaire Flipkart founder eyes India M&A deal
Sachin Bansal wants to buy Liberty General Insurance to help expand Navi Technologies.
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- August 27 2020
Australia’s P&C profits tumble as nat cat bill hits US$2.8bn
Market deals with double whammy of extreme weather and large falls in investment income.
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- August 25 2020
Digital sales buoy China’s P&C market
As the regulator makes more reforms, GWP rose more than 7% in the first half despite lockdown.
