Subject: P&C Page 68 / 73
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- September 18 2020
China’s P&C outlook stable as GWP climbs: Moody’s
(Re)insurers can expect "ongoing diversification" to lines such as agriculture and liability.
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- September 17 2020
“Complex” CBA and Westpac P&C sales to kick off: report
Macquarie believes multiple relationships between the banks and insurers could put buyers off.
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- September 16 2020
Munich Re leads Indian insurtech’s US$60m fundraise
The new round brings Acko's valuation to around US$500m in a thriving market.
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- September 16 2020
Shinhan selects advisers for potential Axa Korea bid: report
The preliminary bidding process for P&C unit will kick off on September 18.
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- September 10 2020
Chubb appoints leader of Japan’s P&C operations
The firm's Brazil COO is set to become regional president for its far east region.
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- September 10 2020
Shinhan’s capitalisation could “weaken” if it pursues M&A: S&P
Several of Korea's financial majors could be looking at buying Axa Korea.
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- September 10 2020
Ping An to invest “up to US$14bn” in tech R&D by 2030
Richard Sheng explains how the Chinese giant is planning to become a digital pioneer.
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- September 8 2020
Can the market rectify China’s low take-up of housing cover?
Leading players look to bridge a poor penetration rate through reforms and public partnerships.
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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.
