Subject: P&C Page 62 / 73
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- June 16 2021
Hyundai Marine & Fire underwriting improves on lower motor losses
Reduced auto claims due to a Covid-19 lockdown helped to boost performance.
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- June 16 2021
Bangkok Insurance sees US$720 million in direct premiums for 2020
AM Best report notes the insurer's moderate dependence on reinsurance to manage nat cat exposure.
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- June 15 2021
Philippine insurance authority seeks comment on agriculture PPP
Insurers would need to reinsure a minimum of 10% of the risk with Nat Re.
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- June 14 2021
Nat Re underwriting profits rise on lower non-life losses
AM Best report notes the reinsurer maintains a moderate dependence on retrocession.
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- June 14 2021
Sri Lanka’s non-life market to veer away from motor
Fitch analyst tells IAN a vehicle import ban has created a shift toward other business lines.
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- June 11 2021
Cambodia resilient as general insurance grows 10.5% in 2020: report
The highest increases were seen in property and medical insurance.
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- June 10 2021
Global brokers need to address the ‘Asia gap’
Only 18 of the world’s top 150 commercial P&C brokers are headquartered in the region.
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- June 8 2021
CBA close to selling domestic P&C business–report
AFR report says IAG and Allianz are the frontrunners in the bidding for CommInsure.
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- June 8 2021
Qianhai Re appoints Weishu Fan as CEO
The former head of Munich Re’s Beijing branch has also worked for Zurich and Swiss Re.
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- June 7 2021
Taiwan’s P&C players demonstrate resilience
Non-life market expected to grow 5-6% annually over the next few years with the motor sector playing a key role.
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- June 4 2021
India shrugs off pandemic growth pains
Non-life premiums rose 22% in April despite a devastating second wave of Covid cases.
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- June 2 2021
Japan’s P&C players struggled overseas in last financial year
Profit drops at 'Big Three' related to Covid-19 and credit insurance, according to Moody's.
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- June 2 2021
Japan’s global majors face heightened supervision
FSA to up scrutiny of MS&AD, Sompo and Tokio Marine's overseas units.
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- June 1 2021
Tencent-backed venture receives HK reinsurance licence–report
FuSure Reinsurance has applied to reinsure 17 non-life lines including railway rolling stock, aircraft and ship liability.
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- June 1 2021
Hong Kong’s non-life underwriting profit up 55.6% in Q1
Regulator data shows GWP for non-life insurance remained flat at US$2.36bn.
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- May 31 2021
India’s non-life market to face continued headwinds
AM Best notes that motor, health and crop lines were some of the worst performing in FY 2021.
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- May 28 2021
Chubb makes four APAC leadership appointments
Regional vice president Glen Browne to oversee A&H and personal lines across Asia Pacific.
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- May 27 2021
Tower Insurance hit by cat claims as H1 profit drops 19.5%
New Zealand P&C player dealt with a large fire and severe flooding, but GWP climbed 6% to US$141m.
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- May 26 2021
Macau insurers brace for losing streak
Non-life premiums in Macau fell for the first time in a decade in 2020.
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- May 24 2021
China’s non-life underwriting margins to remain depressed in 2021: Fitch
Motor insurance reforms caused GWP to drop 30% on renewals despite increase of new vehicle sales.
