Malaysia’s insurers face US$715m flood bill
December 29 2021 by Karen Lai-
China Re returns to profit on strong FY2023 primary P&C, overseas growth
- March 28
China's largest P&C reinsurer said lower cat losses, and improved rate conditions at its wholly-owned Chaucer also helped it achieve a 18% growth in overseas reinsurance gross written premium.
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PICC P&C 2023 net profit drops as nat cats, post-Covid reopening aggravate claims
- March 27
China's largest P&C insurer saw net profit for the financial year drop 15.6% and its combined ratio edge up to 97.8%
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Sunshine P&C’s FY 2023 COR improves to 98.7%, underwriting profit goes up 142.4%
- March 26
While the group's P&C insurance revenue for the year increased 10.2% to CNY45.5bn (US$6.3bn), primarily due to non-motor business growth, net profit for the 12 month-period went down 36.1% to CNY978m, affected by a 49.5% decrease in investment income due to adoption of new accounting standard and volatile capital market.
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Huatai P&C Insurance’s underwriting performance set to improve on Chubb’s support: Fitch
- March 25
Fitch Ratings has upgraded Huatai P&C’s rating to 'A+' (strong) from 'A' following Chubb's move to raise its stake in its holding company, Huatai Insurance, to 85.5% in February.