Industry Segments: Underwriting Page 1 / 18
-
- November 21 2024
Seoul Guarantee Insurance could see decline in underwriting performance on a rise in paid claims: Fitch
The rating agency has affirmed SGI’s rating at 'AA-' (very strong) with a stable outlook taking into account its strong capitalisation, financial performance, and the support it receives from the government.
-
- November 20 2024
P&C GWP growth in mature APAC markets to reach 3.2% in 2024: Swiss Re
Emerging Asia will remain the main driving force with non-life premiums to grow at a 7.4% CAGR in 2025‒26 as India outperforms all major developing markets.
-
- November 15 2024
Singapore’s MS First Capital Insurance’s rating outlook upgraded to positive
The global rating agency revises MSFC’s outlooks to positive, affirms financial strength rating of A (excellent) and long-term issuer credit rating of “a+” (excellent).
-
- November 7 2024
The Hartford makes Singapore foray with Axa XL hire
Zhenghong Pan will join the specialty carrier in Singapore as principal officer & underwriting manager, financial lines.
-
- November 7 2024
Axa XL plans Asia ‘acceleration’ as it looks to double portfolio by 2026
The carrier eyes significant growth opportunities across India, China, Thailand and Indonesia as it plans to cement its position as a leading regional player.
-
- November 4 2024
Arch Indemnity could see underwriting results moderate as claims set to pick up: Fitch
The rating agency has assigned an 'A+' (strong) rating with a stable outlook to the carrier due to its moderate company profile, very strong capitalisation, financial performance and earnings, and support from the parent Arch Capital Group.
-
- November 1 2024
APRA applies additional US$6.6m capital requirement to Pacific International Insurance
The regulator identified fundamental deficiencies in Pacific’s oversight and control of its existing binder holder business and risk management framework, including weaknesses in accountability and adequacy of resourcing.
-
- October 30 2024
Claims complexity, fraud and lack of quality data key challenges for regional health insurers
Reinsurers' deep actuarial expertise and access to large data sets can help P&C carriers refine risk assessment and pricing strategies, says Peak Re’s Jasmine Miow.
-
- October 29 2024
South Korea’s Construction Guarantee faces stress from growing claims, 2023 COR at 125.36%: Fitch
The ratings agency has affirmed the cooperative surety insurer's financial strength rating at A (strong), with a stable outlook.
-
- October 25 2024
Taiping Singapore could see volatile underwriting, investment results impact earnings: AM Best
AM Best has affirmed an insurer rating of A (excellent) with a stable outlook for the company, primarily driven by a strong balance sheet.
-
- 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.
-
- 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.
-
- 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.
-
- October 21 2024
South Korea’s Construction Guarantee members facing liquidity pressure: AM Best
The rating agency has downgraded the surety underwriter's outlook to negative from stable while affirming its rating at A+ (superior).
-
- October 11 2024
BESS-wary markets look for leadership to bind risks
Renewables specialist GCube's CEO says the market has to facilitate insurance on a more consistent approach as more projects appear around the world.
-
- October 10 2024
Berkley Re Australia hires Nick Lee as senior casualty facultative underwriter
Brisbane-based Lee returns to the reinsurer and to Australia after over 13 years in London across various specialty carriers.
-
- October 7 2024
Carriers hop back on crypto bandwagon as local regulations, attractive rates beckon
While more (re)insurance providers have entered the market, the industry needs to guard against loose underwriting and opportunistic capacity.
-
- October 3 2024
Australia’s Rhodian launches construction specialist MGA Scope Underwriting
The Lloyd's-backed underwriting agency based in Melbourne was co-founded by Nick Vernon and Rob Higginson.
-
- October 1 2024
MGA incubator Rhodian takes Allianz team to launch marine specialist in Australia
The MGA Marinex Underwriting is backed by Canopius and will offer cargo, carriers, commercial hull and marine liability products.
-
- September 26 2024
West P&I promotes Cai Xuanlun to CEO for Hong Kong office
Cai replaces Robert Macnamara, who was the chief executive for the IG P&I Club in the city for 28 years, and will start in the role in December this year.
