Industry Segments: Underwriting Page 4 / 15
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- September 6 2023
Global reinsurers improve underwriting results marginally, revenue dips in H1 2023: Gallagher Re
While the overall underlying COR improved to 87.6% in H1 2023, the strongest performance in the last decade, revenue growth declined to 8.7% compared with 13.5% in H2 2022.
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- September 6 2023
NorthStandard appoints Jack Marriott-Smalley as head of South-East Asia Pacific
Singapore-based Marriott-Smalley was regional underwriting director for the company since 2021.
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- September 6 2023
British Marine strengthens Asia P&I underwriting team with two hires
Sebastian Tjornelund (pictured) joins as head of P&I underwriting, Asia, while Jamie Baggett becomes a senior underwriter.
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- September 5 2023
QBE elevates Peter Burton to group CUO
London-based Burton, who succeeds Sam Harrison, assumes responsibility for all global underwriting, pricing and reinsurance activities for the Australian carrier.
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- September 5 2023
BHSI Australia appoints Hayden Veanes as underwriting manager for professional lines
Melbourne-based Veanes was most recently senior underwriter with the company, specialising in directors & office and financial institutions.
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- September 1 2023
AM Best affirms Macau Insurance’s rating despite a 5% increase in COR
The rating agency has affirmed a rating of A- (excellent) with a stable outlook to the third-largest Macanese insurer on account of its very strong balance sheet.
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- August 18 2023
AM Best expects Korea P&I Club’s ‘underwriting fundamentals’ to improve; affirms ratings
After a difficult few years, the Korean carrier has been taking action such as premium increases, the non-renewal of unprofitable policies and enhancing terms.
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- August 18 2023
Tamara Gabriel joins Berkley Insurance Australia as senior underwriter
She has joined the specialty player's facilities team from Tokio Marine & Nichido Fire Insurance.
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- August 14 2023
Axa XL appoints Aijiao Ruan as senior underwriter in Hong Kong
Ruan was previously at China Zenith Insurance Brokers, a Beijing-headquartered Lloyd's coverholder, for 15 years.
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- August 11 2023
Central Re will restore its non-life underwriting profitability after Covid hit: AM Best
AM Best has affirmed the Taiwanese reinsurer with a rating of “a” with a stable outlook.
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- August 9 2023
MGA Delta Insurance hires D&O specialist
Glenn Dawson is based in Auckland and will assume the role of senior underwriter and D&O product manager.
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- August 8 2023
Capacity challenge for Asia’s offshore wind market as nat cat, accumulation risks rise
Larger turbines, wind farms being created further offshore and more ambitious projects mean (re)insurers need to adapt quickly.
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- August 7 2023
AM Best upgrades DB Insurance’s rating to A+ as underwriting ‘outperforms’ peers
DBI is South Korea's third-largest non-life insurer with a market share of around 17% of GWP in 2022.
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- August 4 2023
China’s P&C underwriting to be hit by more extreme events after record Beijing rainfall: S&P
The rating agency expects the recent flooding event to result in "a modest hit" to the sector, but the country is still in the Q3 cat season.
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- August 1 2023
Axa XL bolsters north Asia marine team with two senior promotions
Shirley Kwok has been promoted to head of marine cargo, North Asia, with Gary Tin elevated to senior underwriter.
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- July 26 2023
Tokio Marine Kiln signs up political risks specialist Cindy Gunawan in Singapore
Gunawan, who joins from Marsh, will report to regional underwriting director Jamie Tang.
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- July 24 2023
HDI Global hires Nathan Jones as property, mining underwriting manager for western region
Perth-based Jones joins from Suncorp, where he worked for the past 13 years
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- July 18 2023
Arch Australia strengthens property team with Allianz hire
Sydney-based Nick Wood has been appointed national property underwriting manager with responsibility for Australia and the Pacific region.
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- July 18 2023
Australia’s Rhodian launches its first underwriting agency
Halo Underwriting is a property and liability MGA backed by Lloyd’s which offers cover for specialty risks for SMEs and the mid-market.
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- July 17 2023
Chubb names Jeremy Leow as Asia PI and medical malpractice underwriting manager
The insurer has also appointed Wendy Lai to head its bancassurance partnership with Hang Seng Bank in Hong Kong.
