Subject: Ratings Page 20 / 24
-
- December 15 2021
Suncorp’s premium growth offsets high nat cat costs: Fitch
The Australian giant has had an average combined ratio of 94% over the past three years.
-
- December 15 2021
China’s P&C market to see low single-digit growth in 2022: Moody’s
Motor pricing reform continues to affect premium growth in China.
-
- December 10 2021
Malaysian Re posts improved underwriting results: AM Best
The reinsurer plans to expand into non-traditional products, new markets and distribution channels.
-
- December 10 2021
Korean Re’s commercial lines portfolio improves
The reinsurer is also aiming to cut its personal lines business to boost overall profitability.
-
- December 9 2021
Labuan Re faces GWP decline amid Lloyd’s rollback: AM Best
The rating agency also upgraded its outlook for the Malaysian reinsurer from negative to stable.
-
- December 7 2021
FWD GI gets outlook upgrade
Fitch report says the Hong Kong P&C player plans to expand its device protection retrocession business.
-
- December 6 2021
Qianhai Re’s underwriting progress faces nat cat pressure
AM Best tells IAN the reinsurer’s underwriting margin improved from 107.8% to 102.5% between 2019-20.
-
- December 3 2021
Malaysia’s Lonpac gets lockdown boost: AM Best
Movement restrictions during the pandemic led to lower loss ratios for some business lines.
-
- December 2 2021
Reinsurance rates to rise as large cat losses hit: S&P webinar
Panelists predict any new lockdown measures would have only a limited impact on the global P&C market.
-
- December 2 2021
Indonesia’s Tugu ‘dominates’ energy, aviation and marine: AM Best
The company has "high reinsurance usage" to support the underwriting of large commercial risks.
-
- December 1 2021
Japan property rates to keep rising: Fitch
The increases are set to continue in part due to higher reinsurance costs.
-
- November 25 2021
Indonesia’s Wahana Tata faces Covid rules hit: Fitch
The insurer's COR averaged at 97% between 2018-20 due to reduced motor claims following travel restrictions.
-
- November 25 2021
Sri Lanka’s P&C players face motor fee burden
Fitch report says a government charge on vehicles involved in traffic accidents may have to be reimbursed by insurers.
-
- November 22 2021
China Re’s underwriting result exposed to nat cats, motor reforms: AM Best
The reinsurer's domestic P&C business has been particularly impacted by deteriorating conditions in these two segments.
-
- November 17 2021
China, India and Indonesia to see non-life headwinds: AM Best
The rating agency said in a SIRC briefing that Covid-19 and low interest rates are common causes.
-
- November 16 2021
Health, personal accident drive Vietnam’s non-life market: AM Best
Intense competition and poor pricing conditions have prompted some insurers to reassess their motor business.
-
- October 26 2021
Weak motor profits to impact China’s P&C players beyond 2021
Pricing pressure from regulatory reforms could prompt some smaller insurers to exit the business line completely.
-
- October 26 2021
China Life P&C sees 4.5% premium growth in H1 2021: Moody’s
The insurer continued to record underwriting losses partly due to the performance of its motor business.
-
- October 22 2021
Dah Sing Insurance maintains Hong Kong market share
AM Best says the P&C player plans to scale down its reinsurance inward treaty business to better control risk accumulation.
-
- October 19 2021
Anxin Agricultural Insurance faces high geographic, product risks: Moody’s
A high geographic concentration around Shanghai offsets some of the insurer's strengths, the rating agency said.
