Subject: Underwriting Page 11 / 20
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- March 10 2023
Hannover Re’s 2022 APAC P&C combined ratio surges to 126.1%
The German reinsurer was hit by floods in Australia and Malaysia, typhoons in Japan and South Korea and Covid losses in Taiwan and Thailand.
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- March 9 2023
Mosaic launches on Lloyd’s Singapore platform
Benn Wilson has been appointed as the regional CEO for the specialty carrier, which will be managed by Asta.
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- March 3 2023
Saga calls off Acromas sale talks with Australia’s Open
The Sydney-based digital insurer was reportedly leading the race for the UK insurance group's personal lines underwriting arm.
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- February 14 2023
Thai Re could tighten terms to limit underwriting losses: Fitch
Thai Reinsurance’s financial strength rating has been affirmed at 'A-' (strong) with a stable outlook.
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- February 8 2023
Suncorp misses H1 cat allowance by US$69m, books 94.5% Australia COR
Australian insurance profits rose 142%, helped by a US$104m Covid BI provision release.
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- February 8 2023
Light at end of tunnel for Taiwan’s Covid blues
P&C carriers paid out US$7bn in 2022, however, the expiration of policies in June could be a turning point for the market.
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- February 6 2023
ICICI Lombard cuts down underwriting losses: AM Best
The global rating agency has affirmed a financial strength rating of B++ (good) with a stable outlook.
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- January 20 2023
AGCS’ Sam Poquiz takes on Pacific liability manager role
Poquiz, who joined the specialty player in 2015, starts on January 23 and has relocated to Sydney.
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- January 19 2023
Australia’s Underwriting Agencies Council names first-ever CEO
Jenny Bax has held senior positions at Allianz and QBE, and was most recently with Ansvar Insurance.
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- January 18 2023
Net-zero alliance goes soft on emerging markets
The first protocol transitions from commitments to implementation, but excludes many classes, including all lines of treaty, from its scope.
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- January 16 2023
Taiwan’s South China Insurance sees COR improve to 95.2%: AM Best
The company is exposed to a low and controlled level of claims arising from pandemic-related insurance products.
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- January 12 2023
Starr hires Chin Feng as CUO, APAC financial lines
Feng was a previously a corporate director for Aon in Hong Kong and has worked at AGCS.
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- January 3 2023
MSIG hires AGCS veteran Victorio Villar as head of technical services
Singapore-based Villar's responsibilities cover the carrier's 15 business units across Asean, Hong Kong and Oceania.
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- December 20 2022
Claire Wong returns to Zurich Singapore as senior casualty underwriter
Wong was most recently a liability underwriter at Allianz Global Corporate & Specialty.
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- December 2 2022
Japan’s insurers to improve profitability from domestic underwriting in 2023: Fitch
All three major non-life groups’ net insured losses from local nat cats more than tripled in H1 2022/3.
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- November 29 2022
QBE’s underwriting profitability likely to moderate: Fitch Ratings
The Australian giant improved its combined ratio to 82% in H1 2022, but inflation and reinsurance costs are increasing.
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- November 28 2022
Tokio Marine Kiln hires APAC marine underwriter from Chubb
Singapore-based Timothy Wills was most recently marine cargo product manager, Australia at Chubb.
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- November 25 2022
Analytics: APAC to drive non-life GWP growth and profitability until 2024
East Asia will perform particularly well despite worsening macroeconomic challenges, says Swiss Re economist.
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- November 22 2022
Hanwha General’s performance helps outlook improve to ‘stable’: Moody’s
Lower claims on motor and long-term medical insurance have helped the Korean firm.
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- November 16 2022
Currency mismatch piles pressure on Asia underwriting
As the US dollar strengthens, carriers in the region are feeling the heat due to worsening asset-liability positions amid capacity constraints.
