Subject: P&C Page 60 / 73
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- August 13 2021
Sri Lanka’s state reinsurer saw premiums decline in 2020
NITF discontinued accepting a 30% facultative share from local insurers due to the non-availability of retrocession cover.
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- August 11 2021
IAG sees FY 2021 loss, flags A$1bn insurance profit
Business interruption claims related to Covid-19 weighed heavily on performance.
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- August 10 2021
Suncorp’s FY 2021 profit increases 13.1% to US$760m
The insurer's nat cat allowance for the next financial year has increased by A$30m to A$980m.
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- August 10 2021
Allianz H1 2021 APAC profit up 37% to US$402m
Uptick partly driven by insurer's L&H business where operating profit jumped 46% to €279m.
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- August 9 2021
Suncorp veteran departs after 35 years
Commercial and intermediaries GM Darren O’Connell has left the Australian insurer.
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- August 6 2021
Moody’s buys RMS for US$2bn to bolster climate risk analytics
The rating agency flagged the risk modelling firm's P&C and life (re)insurance capabilities.
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- August 6 2021
HDI Global’s Silton handed additional role as Malaysia head
The Singapore-based executive takes over from Danh Duong, who will now focus on operations in Vietnam.
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- August 5 2021
Taiwan’s non-life premiums rose 6.2% to US$6.8bn in 2020
The P&C sector saw pre-tax profits grow 54.4% to NT$12.2bn in H1 2021.
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- August 4 2021
United India Insurance frontrunner candidate for IPO
The general insurer's performance is relatively better than some of its state-owned peers.
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- August 2 2021
Taiwan’s insurers see H1 profits grow 148.5% to US$9.71bn
FSC data shows P&C profits grew 54.4% in the first half of 2021.
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- August 2 2021
Malaysia P&C outlook stable despite Covid headwinds: AM Best
The rating agency expects health insurance to be an important driver of growth.
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- August 2 2021
Zurich establishes Indonesia’s largest shariah GI player
The move follows the acquisition of Asuransi Adira Dinamika in November 2019.
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- July 29 2021
Swiss Re appoints new Malaysia head
Balasubramanian Nagarajan will lead the reinsurer's operations in the country effective September 1.
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- July 27 2021
Generali Asia casualty head joins QBE Hong Kong
IAN has learned that Kelvin Woo is now head of corporate underwriting amid a wider specialty revamp.
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- July 26 2021
Berkley Re Asia chief adds Australia CEO role to mandate
Glen Riddell is expected to assume the dual role before the end of the year.
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- July 23 2021
Steadfast takes majority stake in Northern Territory broker
Deal for AFA Insurance Brokers is a "stepping stone" into the NT, said Steadfast CEO Robert Kelly.
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- July 22 2021
Canterbury flood claims surpass US$30m
The May 29-June 1 flooding has been described as a ‘one in 200-year event’ by a climate scientist.
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- July 22 2021
Japan’s MS&AD makes second investment in US insurtech Next
The group is looking to gain insights into the Silicon Valley company's digital SME strategy.
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- July 21 2021
Malaysia’s P&C market heats up as Liberty bags AmGeneral
The US$540m deal comes on the heels of Generali buying Axa Affin General Insurance.
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- July 20 2021
IAG appoints Zurich’s Tim Plant as chief insurance & strategy officer
Justin Delaney to replace Plant as head of Zurich's Australia and NZ general insurance operations.
