Industry Segments: Property Page 2 / 8
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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.
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- October 18 2024
China approves BNP Paribas, Volkswagen property insurance JV
The National Financial Regulatory Administration, the country's regulator, has given the nod for the creation of insurance JV in Beijing between the French lender and the German carmaker's financial services arm in the country.
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- October 16 2024
AIG hires Jules Sperring as APAC head of commercial property & business pack
Sperring joins from Allied World and will continue to be based in Singapore.
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- October 14 2024
WTW hands Ivy Lee an expanded role of Asia food and beverage industry leader
Singapore-based Lee will focus on developing bespoke risk financing solutions for complex F&B organisations across Asia while also retaining her current role as head of property for the region.
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- October 2 2024
Typhoon Shanshan claims climb to US$180m in Japan
Fire insurance losses accounted for the bulk of 90% of the claims paid out and 85% of claims filed after the strongest typhoon to hit the country in decades made landfall in south-west Japan on August 29.
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- September 26 2024
Axa XL appoints Priscilla Yeung as property underwriter in Hong Kong
Yeung joins the specialty (re)insurer from Allied World, where she was a senior underwriter.
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- September 10 2024
Typhoon Yagi losses may drive up rates, tighten treaty terms in Vietnam
Insured losses are climbing as carriers in China, Vietnam and the Philippines count the damages after the region's strongest storm this year destroyed houses, factories, infrastructure and crops across the three countries.
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- September 2 2024
Typhoon Shanshan set to trigger significant BI, property losses, weigh on reinsurance market
While the impact on reinsurance is unclear now, repeated or severe cat events in the area in the future may prompt reinsurers to reduce their underwriting commitments or increase premiums.
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- August 29 2024
Australian carriers’ H1 2024 capacity ample except for PFAS, US exposures: Marsh
The first half of the year saw improvement in market competition and the return of insurer choice for buyers, which had not been generally seen since 2017.
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- August 23 2024
AUB launches third strata MGA Rubix Underwriting as division’s pre-tax profit surges 58%
The new entity will have Lloyd's as the capacity provider and will allow the broker to grow its strata portfolio which already includes brands SUU and Longitude.
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- August 16 2024
Delta Insurance taps Chubb’s Siân Mullane as senior property underwriter
With nearly 30 years of experience, Mullane was most recently a senior property underwriter at Chubb up until June 2024.
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- August 15 2024
ICA, Planning Institute of Australia urge governments to overhaul land use planning
In a joint communique, the two industry bodies urge state, local and the federal governments to step up reforms to tackle the country's growing housing challenges compounded by extreme weather risks.
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- August 15 2024
FM appoints Sung Jun Kwon as Korea branch manager
Seoul-based Kwon joined the commerical property specialist as senior business development executive last year from Aon Korea.
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- August 5 2024
Typhoon Gaemi losses to weigh on Taiwan, Philippines reinsurance market
While China losses are the most significant out of all three markets, the local reinsurance market is unlikely to be affected as agricultural sector is covered by the government.
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- July 30 2024
HDI’s Asean and Australasia regional manager Willem van Wyk to head new Dubai office
The new hub will initially offer engineering, construction and property insurance products with other lines such as liability and marine being written from the insurer's Singapore office.
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- July 29 2024
AIG strengthens Pacific team with two senior BHSI hires
The specialty carrier has appointed Jason Sheehan as head of commercial property and business pack, Australia, and Niall O'Connell as head of inland marine, Pacific.