Subject: Underwriting Page 2 / 20
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- February 14 2025
Commercial rates harden in Taiwan, Japan while rest of Asia declines: Marsh
Composite insurance rates in Asia continued a downward trend, declining by 3% in the fourth quarter of 2024, marginally higher than the global average.
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- February 10 2025
Australian MGA Market Lane promotes property team pair
Joanna Hayes and Anand Narayanan promoted within specialty commercial insurance underwriting arm, The Barn.
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- February 7 2025
HDI Global names Joanna D’Silva as senior underwriter for engineering in Melbourne
D'Silva previously spent over eight years at AIG, working in Melbourne and Malaysia.
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- February 6 2025
Berkley expands in India’s GIFT City with CUO appointment
Ashaya Kantawala joins the carrier from Tata AIG, where he was national head for casualty lines.
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- February 5 2025
Asia insurance rates decline 3% in Q4 2024, driven by cyber and finpro lines: Marsh
Cyber rates drop by 11%, while finpro falls 9%, both extending the previous quarterly declines in 2024, according to the latest Global Insurance Market Index by the broker.
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- February 5 2025
Pacific rates suffer largest drop in Q4 2024, driven by finpro, cyber and property lines: Marsh
Finpro premiums fell by 12%, while cyber and property declined by 8%, according to the Global Insurance Market Index.
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- February 3 2025
Cyber specialist Sync Underwriting launches in Australia with Tokio Marine capacity
The MGA, which is part of the Rhodian Group underwriting network, will provide cover for small to mid-sized businesses in the country.
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- January 28 2025
Sompo promotes Jasmine Chan to senior VP for APAC ceded reinsurance
APAC CEO Kenneth Reilly tells IAN Chan has 'an extensive knowledge of Sompo’s product offerings and the APAC market dynamics'.
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- January 28 2025
Australian MGA Agile hires industry veteran Richard Hardy to head property
Agile Underwriting launched a property line backed by its Lloyd's syndicate, AUS 2427, in November.
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- January 15 2025
MGA Hydor appoints Markel’s Colin Fordham as senior marine underwriter
Singapore-based Fordham was most recently senior underwriter and director of marine for Asia at Markel.
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- January 8 2025
Sri Lankan insurers to improve underwriting profitability amid key shifts: Fitch
Insurers are looking to enhance practices and shift focus to more profitable non-motor segments, global rating agency says.
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- January 8 2025
US-based The Hartford launches on Lloyd’s Singapore platform
Service company, to be led by Zhenghong Pan, will initially write financial lines and credit and political risks coverage through its Syndicate 1221.
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- January 7 2025
Chubb elevates Carles Tondo as head of property and technical lines in Singapore
In his new role, Tondo will be responsible for fire, terrorism, construction, power generation and energy.
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- January 3 2025
Labuan Re names Zaid Aziz Ibrahim as officer in charge following CEO exit
Kuala Lumpur-based Ibrahim currently serves as the chief underwriting officer and has been with the company since 2020.
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- January 1 2025
Japan P&I’s underwriting performance could see some volatility: AM Best
US credit rating agency assigns a financial strength rating of 'A-' (excellent) and a long-term issuer credit rating of 'a-' (Excellent), with a stable outlook.
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- December 30 2024
Envest to acquire ‘significant’ stake in New Zealand underwriting agency
Envest Group, part of The Ardonagh Group, will acquire a stake in Ando Insurance Group, subject to regulatory approvals in New Zealand.
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- December 12 2024
Provident Insurance’s FY 2024 COR at 96.9%, operating performance supported by positive underwriting: AM Best
AM Best has upgraded the Kiwi niche mechanical breakdown and private motor vehicle carrier's financial strength rating to “B+” (good) and long-term issuer credit rating (LT ICR) to “bbb-” (good) with a stable outlook.
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- December 10 2024
Malaysian Re to maintain stability in underwriting performance: Fitch
The rating agency has affirmed the rating at 'A' (strong) with a stable outlook for the reinsurer citing its ability to manage potential volatility and earnings dependence on local voluntary cessions.
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- December 9 2024
HDI Global Australia brings onboard ex-QBE Geoff Pratt as aviation underwriting manager
Pratt, who was aviation manager for the northern region and business relationship manager for the Australian insurer based in Brisbane, will relocate to Sydney for the new role.
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- December 9 2024
Starr Insurance appoints Gerald MacDonald as APAC CUO
Singapore-based MacDonald was earlier underwriter at Renaissance Re and Aspen Re.
