Industry Segments: Underwriting Page 5 / 15
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- July 11 2023
Axa XL strengthens Asia construction team with new hire
Singapore-based Kheng Seong Lim, who joined from Sirius, has become a construction senior underwriter.
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- July 5 2023
Axa XL expands Singapore cyber team with underwriting duo
Senior underwriter Chiaw Han Lean and underwriter Christopher Widjaya will join the carrier’s international financial lines team.
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- July 4 2023
Markel takes Swiss Re’s Kevin Leung as Asia Pacific CUO
Leung will lead the regional underwriting strategy from Singapore, reporting to Christian Stobbs, the syndicate's APAC managing director.
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- June 26 2023
360 Underwriting hires IAG senior executive
Sydney-based Natalie Kaczanowski joins the AUB-owned MGA as national underwriting manager.
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- June 22 2023
Analytics: Hong Kong and China P&C players’ underwriting margins squeezed
Carriers are under pressure as reinsurance costs rise, however, at 10% coverage for the top 15 Chinese insurers, there is plenty of room to grow.
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- June 15 2023
Lloyd’s to reverse losses this year, affirms AA- rating, including for China: Fitch
Fitch expects Lloyd’s to maintain its improved global underwriting results in 2023-4 as pricing conditions remain 'favourable', although volatility will remain.
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- June 15 2023
Carriers bet on APAC renewables despite losses
Underwriters await a market correction as regional investments in innovative projects such as floating solar panels increase.
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- June 8 2023
Sri Lankan insurers’ profits to be hit by inflation, currency devaluation: Fitch
Underwriting profit for P&C insurers to be squeezed by rising motor spare-part costs, while sparse foreign-currency liquidity is hampering firms.
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- May 29 2023
GIC Re’s COR improves to 109.3% for FY 2022
Overall profit more than tripled despite significant underwriting losses, while GWP declined.
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- May 25 2023
Axa XL hires Nicholas Strong as senior casualty underwriter
Sydney-based Strong joins from CGU Insurance, where he held a similar role.
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- May 24 2023
Reliance General Insurance promotes Namita Rohra to liability, credit and specialty head
Mumbai-based Namita Rohra was earlier segment head liability for cyber and specialty lines in Reliance General.
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- May 17 2023
Tokio Marine withdraws from select Pacific markets: report
The insurer exits Guam and the Northern Mariana Islands as margins deteriorated in 2022 as medical claims rebounded.
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- May 15 2023
HDI Global beefs up Australia team with senior AIG duo
Jae Ramsbotham has been appointed senior underwriter, crisis management, Asia Pacific and Ryan Green as senior underwriter - management liability.
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- May 9 2023
Shawnna Lin joins Starr Insurance as senior underwriter
Singapore-based Lin joins from MS&AD Group owned MS First Capital.
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- May 7 2023
Three key QBE subsidiaries handed ratings upgrades
AM Best revised outlook to stable for North America, Europe and UK subsidiaries on improved underwriting and operating performance metrics.
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- May 2 2023
Berkley bolsters Korean desk with senior marine underwriter from UIB
Hans Hwang joins the team as marine underwriting manager in Singapore.
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- May 2 2023
Canopius strengthens Australia treaty team with Aspen Re hires
The Lloyd's (re)insurer has hired Andrew Parker as head of treaty for Australia and New Zealand and Paul Wedlock as head of property treaty for the region, who are also joined by casualty underwriter Peter Mattei.
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- April 27 2023
Ping An P&C combined ratio rises to 98.7% in Q1
The Chinese insurer said that claim expenses of the guarantee insurance business increased due to 'changes in the market environment'.
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- April 21 2023
QBE to maintain high-single digit growth in 2023 with a 93.5% COR target: Fitch
Fitch’s CreditSights has re-initiated coverage on QBE Group Insurance with a ‘market perform’ recommendation.
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- April 20 2023
Korean P&C insurers falling short on oil and gas exclusions
While most of the insurers have started acting on coal policies, only Samsung has extended it to the petroleum industries.
