Subject: P&C Page 68 / 72
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- September 2 2020
China’s market recovers with 7% GWP growth to US$437bn
Domestic players now hold over US$3.2 trillion of assets.
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- August 26 2020
Motor claims drop in Japan and Korea amid lacklustre growth
There are mixed fortunes for P&C players operating in the two countries.
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- August 25 2020
CBIRC commits to opening up to foreign players
Market reform and supervision are on the agenda in China with Allianz and Chubb taking advantage.
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- August 21 2020
Axa eyes South Korea P&C sell off: report
Any potential sale could raise between US$135m and US$203m.
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- August 18 2020
Malaysia’s P&C sector sees “steepest” ever H1 GWP drop
Road to recovery will be long and arduous says the country's General Insurance Association.
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- August 17 2020
Sedgwick selects Chubb’s ex-APAC claims chief as Asia COO
Ben Chin is replacing Wayne Cheng who has decided to retire.
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- August 7 2020
China announces “three year plan” for P&C market
The CBIRC is promising greater reforms -- and scrutiny.
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- August 4 2020
Chubb’s Greenberg appoints leader in “significant” China push
Cunqiang Li to become chief strategy officer of the Huatai Insurance Group.
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- August 4 2020
United India withdraws AM Best rating, secures US$144m
P&C player's underwriting losses are concerning, as India's government turns to IPO of life giant LIC.
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- July 30 2020
Swiss Re announces senior Asia management moves
Mark Senkevics and Sharon Ooi to switch roles.
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- July 29 2020
Hong Kong market growth to stall from Covid impact
Authorities push cross-border initiatives to bolster new business.
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- July 20 2020
Chinese insurers record healthy H1 premium growth
Life and P&C players are experiencing a solid uptick in sales compared with 2019.
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- July 16 2020
Korean insurers under heightened FSS scrutiny
Both non-life and life players have been targeted by the financial regulators.
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- July 15 2020
Japan flood losses to reach “hundreds of millions”: report
Aon says insurers are expecting at least thousands of claims.
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- July 10 2020
Japan’s majors to hike rates after paying out billions
Several years of major nat cats means price rises for fire insurance next year.
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- June 25 2020
IAN Awards for Excellence 2020: Entries now open
InsuranceAsia News is accepting entries for these regional market awards.
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- June 23 2020
Climate risk and Covid drive renewal pricing down under
Suncorp is most exposed among Australia’s top insurers ahead of July's reinsurance renewals.
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- June 22 2020
HK Insurance Authority extends tenure of senior execs
Executive directors Hui and Lam sign for another three years, while two directors exit.
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- June 11 2020
Sompo has smaller Covid-19 exposure than major peers: Fitch
Rival Tokio Marine is expecting over US$280m of losses alone.
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- June 5 2020
Covid-19 sparks demand for fresh capital
Market players are preparing for losses and eyeing opportunities, including in Asia.
