Subject: P&C Page 47 / 73
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- November 15 2022
Japan’s P&C ‘Big Three’ chart growth via overseas acquisitions
MS&AD, Tokio Marine & Sompo keen for niche strategic deals while ensuring dividend payouts.
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- November 14 2022
Tune Protect Re expected to diversify over ‘medium’ term
The Malaysian player is likely to sign up with new business partners, according to AM Best.
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- November 11 2022
PGA Sompo’s outlook revised to ‘good’: AM Best
The Makati City-headquartered insurer holds a 3% non-life market share in the Philippines.
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- November 10 2022
Chubb promotes Ben Howell to lead APAC consumer business
The regional head of A&H takes on the role with immediate effect.
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- November 10 2022
Tokio Marine opens digital labs in Singapore, Taipei and Tokyo
The Japanese giant is creating a new ecosystem, inspired by its Brazilian app.
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- November 3 2022
Insurers have to optimise their portfolio: Swiss Re’s Victor Kuk
Asian renewals are in a transition as cedents sweat over capacity and spike in price and retentions.
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- November 1 2022
Vietnam’s non-life market saw 14% growth in H1 2022
The market has promising signs in the context of a favourable economic outlook, says AM Best.
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- October 24 2022
WTW recruits senior Marsh exec for head of P&C Australasia role
Robert Lasovski had been at Marsh for over 20 years and was most recently Australia national corporate & commercial leader.
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- October 21 2022
Cathay Financial to inject US$300m into Cathay Century
The fundraise will help the Taiwanese P&C player absorb rising losses on pandemic policies and mark-to-market losses on their investments.
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- October 21 2022
Warburg Pincus commits US$350m for ‘buy-and-build’ South-East Asia P&C digital player
IAN recently revealed that the new company, to be called Oona Insurance, had completed an acquisition in the Philippines.
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- October 21 2022
Australian general insurers well capitalised despite monster flood: APRA
The industry maintained a coverage ratio of 1.7x the minimum requirement, the regulator’s annual report showed.
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- October 19 2022
CTBC launches bid to become Taiwan’s first virtual insurer: report
The P&C carrier has filed an application with the Financial Supervisory Commission.
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- October 16 2022
Pakistan floods place credit pressure on P&C players
EFU General Insurance, Jubilee General Insurance and Adamjee Insurance have relatively small exposures to the flooding.
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- October 14 2022
Mapfre sells Philippines business to Aseana
The Spanish group has been closing its direct insurance business in Asia even as it expands its reinsurance arm.
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- October 12 2022
China Merchants’ carve-out to create more agile P&C carrier
A combination of CMB Wing Lung Insurance and China Merchants Insurance will create a top-20 player with US$140m-plus GWP.
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- October 10 2022
Tower completes legacy build-out with Kiwibank deal
The New Zealand carrier will pay US$3.3m for the portfolio, which will be migrated to its flagship Direct channel.
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- October 10 2022
Luen Fung Hang Insurance gets over pandemic impact with 58% COR: AM Best
The Macanese P&C player leveraged its distribution to stay second in the market with a 22.8% share.
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- October 10 2022
Hollard’s Australian arm constrained by Commonwealth Insurance buy
AM Best said the combined entity is expected to see growth in underwriting risks.
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- October 7 2022
Japan non-life insurers have ‘stable’ outlook: AM Best
Higher loss ratios for motor insurance, personal accident and marine could impact insurers’ underwriting profitability.
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- October 6 2022
Despite HK’s re-emergence, data shows Singapore pulling away in P&C race
While Singapore's GWP grew 14.25% in 2021, Hong Kong's annual growth was only 2.9%.
