Subject: Underwriting Page 14 / 21
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- August 30 2022
China Taiping’s domestic P&C arm sees H1 COR improve to 98.8%
Taiping Re's P&C division fell to an underwriting loss of US$21m.
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- August 26 2022
Australia’s P&C underwriting profits rose 328% on back of reinsurance recoveries: APRA
Net incurred claims fell 5.1% to US$18.2bn for the year ending June 30.
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- August 19 2022
ADB signs US$1bn capacity deal with Tokio Marine, Chubb, Liberty, Allianz and Axa XL
The three-year agreement transfers credit risk from the bank's portfolio to the insurers’ balance sheets.
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- August 18 2022
Underwriting returns elude APAC reinsurers
Average combined ratios have remained above 100% for the last four years, says AM Best.
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- August 16 2022
QBE Hong Kong appoints Andex Fung as head of retail, SME underwriting
Former AGCS underwriter will liaise with brokers, agents and strategic partners.
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- August 16 2022
Companies scramble for talent as market rebounds
Asia growth plans on hold as roles in financial lines, energy and construction hard to fill.
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- August 15 2022
China BOCOM Insurance’s loss ratio recovers in 2021 as A&H claims improve
The Hong Kong insurer COR has remained at around 100% over the past five years.
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- August 12 2022
IAG places ‘largest’ nat cat allowance as underwriting profit falls 5%
Weather claims "more than doubled" in FY 2022 across Australia and New Zealand.
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- August 12 2022
Piotr Nowakowski takes charge as Peak Re chief underwriting officer
The market veteran joined the Hong Kong reinsurer in January.
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- August 11 2022
Powerful and unusual hailstorm dents Japan’s ‘big three’ Q1 results
The insurance giants saw losses of US$610m from freak storm in addition to Ukraine impact.
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- August 10 2022
FWD GI’s improved COR could be impacted by higher IT spend: Fitch Ratings
The Hong Kong P&C player is gradually exiting group medical business.
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- August 9 2022
Underwriters remain selective over APAC renewables
Despite a rapidly growing opportunity in the region, capturing profit can be tough.
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- August 8 2022
BHSI launches Australasia commercial hull line with ex-QBE hire
Jake Hesson will help expand the specialty player's marine product portfolio.
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- August 8 2022
Sompo Japan and Space BD team up for satellite launch cover
The companies want to launch more products related to lunar transportation.
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- August 8 2022
AM Best upgrades Singapore Re after Fairfax support and positive 2021 result
The reinsurer's underwriting performance improved after reserve releases.
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- August 4 2022
Milli Re adds Christine Wong to Singapore underwriting team
Wong is a marine specialist who most recently worked at MS First Capital.
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- August 3 2022
APAC (re)insurers prioritise pricing amid inflation pressure
APAC non-life GWP and rates will continue to climb, but the pace of growth is a mixed picture across the region.
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- August 2 2022
Asia political risk rates to rise as Ukraine crisis bites
Even fairly benign countries such as Indonesia, the Philippines and Thailand could see hikes of 15-20%.
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- August 1 2022
Malayan Insurance COR hampered by fire and cat losses: AM Best
The company reported a five-year average combined ratio of 101.4%.
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- July 28 2022
Markel International hires two underwriters in Hong Kong and Singapore
Zita Fok becomes a marine underwriter while Dawn Soh joins as a fine art and specie underwriter.
