Subject: P&C Page 67 / 75
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- March 2 2021
Terence Chen resigns from Asia-Pacific P&C Insurance: sources
The Hong Kong general manager joined the firm earlier in the year after 25 years at Ping An.
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- March 2 2021
Japan P&C rates harden as quake, fire premiums rise
MS&AD, Sompo Japan and Tokio Marine make changes after a string of severe typhoons in recent years.
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- March 1 2021
Scor P&C’s Spichtig sees ‘momentum’ in reinsurance demand
The Singapore-based executive discussed the firm's Asia strategy and highlighted agriculture and renewable energy as key areas.
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- February 26 2021
Malaysia’s general market fell by 3.6% in H1 2020
Malaysia Re report notes that motor insurance, which represents 47% of the market, saw the worst decline.
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- February 22 2021
Allianz Asia 2020 GWP hits US$9bn
China and Malaysia were standouts as regional profits climbed to US$668m.
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- February 22 2021
Tower acquires ANZ portfolio for US$10m
The deal will add around US$30m in GWP to the Kiwi P&C player.
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- February 18 2021
Indonesia P&C GWP to hit US$5.2bn by 2025: GlobalData
While 2020 saw a 4.6% decline due to Covid-19 restrictions, a recovery is expected this year.
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- February 17 2021
AIG slumps to US$6bn 2020 net loss
International P&C GWP, which includes Asia, was one Q4 highlight growing 102%.
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- February 17 2021
Australia broker group launches conduct review
The National Insurance Brokers Association is looking to promote commission transparency.
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- February 11 2021
ZhongAn hits ‘critical mass’ after first profits: sources
After consecutive losses, the digital insurer expects a net profit of at least US$75m for 2020.
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- February 10 2021
Ping An veteran joins Asia-Pacific P&C in Hong Kong
Terence Chen has left the Chinese insurer after over 25 years.
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- February 9 2021
Suncorp drops travel as Australia profits soar
GWP increased to A$4.35bn in H1 with home and motor growing 5.2%.
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- February 4 2021
Ping An’s P&C operating profit fell 23% in 2020
Financial guarantee insurance's COR climbed to 111%, but life and health profits increased 5.2%.
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- February 2 2021
Ken Lai to leave Hong Leong Insurance (Asia)
The outgoing general manager has been at the Hong Kong P&C player since August 2019.
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- February 2 2021
QBE appoints Sue Houghton as Australia Pacific CEO
The experienced Australian executive is set to join from Westpac in August.
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- February 1 2021
Raymond Tang to leave BOCG Insurance
IAN understands the GM of Bank of China (Hong Kong)'s general insurance arm will depart mid-February.
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- February 1 2021
APRA’s 2021 spotlight falls on BI and reinsurance
Access to capacity from "critical" overseas reinsurers a priority, says latest policy guidance.
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- January 28 2021
China, India insurtechs raise over US$270m in Q4 2020: WTW
Global fundraising hit an all-time annual high of US$7.1bn.
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- January 27 2021
United India, National and Oriental to get capital boost: report
The state-run P&C players need help meeting solvency requirements.
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- January 27 2021
Asia 2020 nat cats brought US$95bn in economic damage
Aon report shows that China, India and Japan accounted for more than half of the losses.
