Industry Segments: Results Page 8 / 24
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- March 31 2023
Chaucer results bolster China Re amid difficult year
The Lloyd's specialty player's COR at 92.99% in FY 2022 while the group's P&C reinsurance arm saw profits fall 55.5%.
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- March 30 2023
Peak Re fell to a US$79.8m loss in FY 2022
The Hong Kong-headquartered reinsurer reported GWP of US$2.295bn up from US$2.145bn in FY 2021.
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- March 30 2023
China Taiping’s domestic P&C COR improves to 99.5%; Taiping Re’s at 102.6%
The insurance group's overseas P&C business saw a net profit gain of 589%, while its reinsurance arm's net profit grew 538%.
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- March 28 2023
PICC P&C underwriting profit jumps 579%, COR improves to 97.6%
The Beijing-headquartered insurer's GWP grew to US$71bn with non-motor lines growing 11.4% year-on-year.
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- March 28 2023
China Pacific P&C COR improves to 97.3%, non-motor sales spurt
The Chinese giant's P&C GWP climbed 11.6% to US$23.8bn in FY 2022.
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- March 24 2023
Lloyd’s Asia GWP growth ‘in line’ with global figure of 19%
Iain Ferguson, Lloyd’s regional director APAC, Middle East & Africa, said FY 2022 expansion had been driven by specialist classes, property, financial lines and treaty.
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- March 22 2023
Droughts in China and Australia floods push 2022 nat cat insured bill above US$100bn: Swiss Re
Hurricane Ian, inflation and growing property exposure were also key drivers for claims last year.
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- March 20 2023
Korean Re 2022 COR flat at 100.4%, gross premiums grow 16%
The carrier's GWP climbed to US$7.4bn, but its net profit fell 1.5% to US$133.5m.
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- March 16 2023
Ping An P&C combined ratio rises to 100.3% in 2022
The Chinese carrier saw premium income grow 10.4% year on year to US$43bn.
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- March 15 2023
Generali Asia P&C combined ratio improves to 99%
The carrier's Asia P&C gross written premium was up 16% on a "like for like basis" in FY 2022.
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- March 13 2023
Howden to ‘consider strategic acquisition opportunities’ in Asia: Chye Huat
IAN spoke to the Howden Asia CEO on the broker's plans for regional growth and key risk opportunities in energy, cyber, nat cats, and employee benefits.
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- March 10 2023
Hong Kong 2022 P&C underwriting profit doubles to US$535m
While gross premiums grew 4.5% year-on-year, claims fell by the same percentage during the year, according to the Hong Kong Insurance Authority.
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- March 10 2023
Hannover Re’s 2022 APAC P&C combined ratio surges to 126.1%
The German reinsurer was hit by floods in Australia and Malaysia, typhoons in Japan and South Korea and Covid losses in Taiwan and Thailand.
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- March 7 2023
Analytics: Underwriting gains spur Australian carriers stung by investment losses
Rate increases helped non-life underwriting profit grow 69.4% in 2022 despite higher claims.
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- March 2 2023
Scor’s combined ratio deteriorates to 113.2%, GWP climbs 4.9% to US$21bn
The French reinsurer's 2023 estimated gross premium income from Asian emerging markets is down to 10% from 12% last year.
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- February 28 2023
Tower’s reinstatement talks in progress for two more nat cat events
While the Auckland floods cost will be covered by reinsurance, Gabrielle claims are also likely to trigger the Kiwi carrier's cat reinsurance cover with an excess of US$7.3m.
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- February 28 2023
Opinion: Asia premium momentum paves way for strong 1.4, 1.7 renewals
2022 results and 1.1 renewals show there is still plenty of upside in Asia despite a myriad of challenges.
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- February 24 2023
Axa continues pivot from nat cat reinsurance
Axa XL's property cat premiums fell 36% in FY 2022, while the French giant saw Asia P&C profits rise 34% to US$109m.
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- February 23 2023
Hyundai Insurance’s premiums grow 5.8% to US$12.6bn
The Korean carrier's commercial arm's COR for FY 2022 was at 89.2%.
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- February 23 2023
Tune Protect’s COR deteriorates to 107.6%, GWP increases 36%
In FY 2022, the Malaysian insurer recorded its highest gross written premium since 2013 at US$128m.
