Subject: P&C Page 3 / 73
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- March 21 2025
Indonesia’s non-life GWP up 13.8% to US$46.7bn in 2024
Underwriting result for P&C insurance segment decreased more than tenfold to US$666m, while reinsurance saw a US$66.6m loss.
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- March 21 2025
Vietnam’s PVI Insurance to benefit from profitable commercial, retail lines: AM Best
Global rating agency affirms insurer rating of A- (excellent) with a stable outlook for Vietnam's largest non-life insurer.
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- March 20 2025
ZhongAn P&C’s underwriting profit drops 24.4% to US$137m in FY24, COR deteriorates to 96.9%
Chinese online insurer’s total GWP for FY24 was US$4.6bn, a 13.3% year-on-year increase.
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- March 20 2025
Regulators approve Samsung Fire & Marine’s transition to subsidiary of Samsung Life
Non-life carrier will maintain independent management and have a separate board of directors.
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- March 13 2025
Meritz Fire & Marine withdraws offer to buy troubled MG Non-Life
South Korean insurer could face liquidation as the Korea Deposit Insurance Corporation (KDIC) evaluates its options.
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- March 7 2025
Huatai P&C underwriting to benefit from Chubb support, FY24 9M COR down to 94.7%: Fitch
The rating agency affirms the insurer financial strength rating of 'A+' (Strong), with a stable outlook.
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- March 7 2025
Glass ceiling showing cracks in evolving APAC as region’s women eye equal opportunities for all
As the world marks International Women's Day, female insurance leaders reflect on the strides made and the ongoing challenges that remain in the region.
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- March 6 2025
MSIG Singapore hires Darren Say to lead broker development
He joins having spent over five and a half years at Chubb, having also worked for the likes of QBE, Axa and Aon.
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- March 5 2025
Axa XL names Sylvie Gleises Asia CEO, replaces Gilles Fromageot
She will continue to serve as CEO for Axa XL Singapore insurance operations having joined AXA Group in 2006.
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- March 5 2025
Canopius hands Paul Hackett expanded role as APAC head of distribution
Expanded role in addition to existing portfolio as head of marine for APAC and Middle East and North Africa (MENA).
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- March 4 2025
Allianz APAC P&C business total business volume tops US$2bn
The insurance group's regional total operating profits rose 6% to EUR795 million despite less favourable health claims experience.
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- March 4 2025
IRDAI extends 4% obligatory cession for FY26 renewals
Cession applies to policies attaching in the FY26, and will be placed with GIC Re.
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- March 4 2025
Thailand’s Allianz Ayudhya targets 12% premium growth amid product expansion
The carrier will focus on health, SME and home products, while also growing Allianz Commercial's property, engineering, transportation, and liability offerings for large businesses and corporates.
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- March 4 2025
Analytics: Short-tail performance boost for Australia’s P&C carriers
APRA data shows general insurance COR improves in Q4 2024, while profit after tax almost doubles to US$1bn.
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- March 3 2025
Thailand’s non-life 2023 underwriting profit at US$380m after US$1.5bn loss in 2022: AM Best
Rebound attributed to a rise in premium income and a decline in claims incurred, the rating agency said in its country report.
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- March 3 2025
Tune Protect’s insurance revenue up 4% to US$87.2m in FY24
Net insurance service result more than doubled, mainly attributable to improvement in the acquisition cost due to changes in the company's portfolio mix, as well as a lower reinsurance ratio.
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- March 1 2025
Suncorp to settle class action suit over add-on sales
Settlement must be approved by the Supreme Court of Victoria, but no date has been set for the hearing,
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- February 24 2025
Munich Re names Hanh Nguyen head of treaty P&C underwriting for Southeast Asia, India
Nguyen has been deputy head since July, and will succeed Joachim Zagrosek on March 1.
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- February 24 2025
Australia’s higher premiums may stifle new policy growth, lead to underinsurance: S&P Global
Insurance is already very costly in Australia's high-risk areas, and premiums are unlikely to fall anytime soon, S&P Global Ratings said in a report.
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- February 24 2025
Auto-fac market ‘not yet at scale for treaty purchase’, but ‘not dumping ground for bad risks’
Facility is emerging as a vital instrument to place risks that do not fit into existing treaties, Gallagher Re, Markel and Swiss Re say.
