Subject: Underwriting Page 6 / 21
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- June 12 2024
Australia’s strata insurers get cold feet about lithium battery risks
Lot owners will likely see higher premiums, deductibles and even outright rejection by insurers which are shying away from lithium-ion battery chargers and mobility devices as their use widens across the country.
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- June 4 2024
Update: Dual to take over Allianz Australia financial lines portfolio
The transition will be effective October 1 and Allianz Australia will remain the 100% capacity provider to this portfolio, according to the MGA's ANZ chief executive Damien Coates.
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- May 28 2024
Cédric Boureau returns to CCR Re as senior actuary underwriter for Asia, Africa
Boureau, who had left the French reinsurer for Swiss Re in 2020, will report to John Conan, director of P&C for Asia and Africa.
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- May 22 2024
Rise of autonomous vehicles switches gears on motor liability cover
As the use of self-driving technology widens to taxi and minibus fleets in China, (re)insurers are referencing new regulations on their use on roads to explore new cover for autonomous vehicles.
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- May 9 2024
Arch Australia grows executive assurance team with senior underwriter hire
Melbourne-based Jessica Wehbeh has joined the carrier's management liability and D&O products team from AIG.
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- May 7 2024
APAC markets moderating, loss-exposed lines remain challenging: Aon
Cat-exposed property across Asia saw limited capacity and renewal price increases but capacity for casualty remained abundant, leading to moderate market conditions, despite concerns of increasing exposures.
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- April 8 2024
Arch Insurance Australia promotes Louise Lumley to underwriting manager
Sydney-based Lumley will focus on growing Arch’s directors and officers insurance, and management liability insurance business in the Australian market.
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- April 2 2024
Markel launches PI cover in Australia with localised wordings
The carrier will write professional indemnity policies for Australian-domiciled businesses across six sectors including construction, accounting, insurance and media.
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- March 27 2024
Canopius Asia hires Patrick Fyson as APAC property head
Singapore-based Fyson will look to grow the company’s property underwriting business in the region.
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- March 27 2024
Korean carriers turn around underwriting results with US$6.2bn insurance income
Even with a 70% drop in investment profit, the country’s non-life insurers posted a 51% increase in net income in 2023.
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- March 26 2024
Opinion: AI will tip the balance – the question is, when?
While algorithms are great at working with tried and tested data and assumptions, conceptualising scenarios outside the given parameters is not within their capabilities and an underwriter’s assessment is still needed.
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- March 25 2024
Huatai P&C Insurance’s underwriting performance set to improve on Chubb’s support: Fitch
Fitch Ratings has upgraded Huatai P&C’s rating to 'A+' (strong) from 'A' following Chubb's move to raise its stake in its holding company, Huatai Insurance, to 85.5% in February.
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- March 25 2024
Tokio Marine Kiln strengthens property capabilities in Asia Pacific with Chubb hire
Jonathan Grossman will relocate to Singapore from New Zealand to write property business for the Lloyd's player across APAC.
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- March 25 2024
SHKPI’s underwriting result benefits from low acquisition cost model: AM Best
The rating agency affirmed Sun Hung Kai Properties Insurance's long-term issuer rating of ‘a’ (excellent) with a stable outlook as it benefits from parent's distribution channel.
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- March 21 2024
Malaysia’s general insurance, takaful funds 2023H2 operating profits up 46%
Higher premium growth in the motor segment and continued improvements in risk-based pricing have bolstered the sector's H2 operating profit. But for full year of 2023, operating profits rose by just 3.2% year-on-year.
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- March 20 2024
Markel expands Singapore financial lines team with ex-QBE hire
Ray Lim joins as a financial and professional risks underwriter and reports to Simon Moi.
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- March 15 2024
Chubb elevates Nikki Quain to New Zealand property manager
Auckland-based Nikki Quain will lead the strategy and growth for Chubb New Zealand’s property portfolio.
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- March 15 2024
(Re)insurers embrace generative AI for better underwriting, claims management
Early adopters are exploring the use of AI tools across the entire insurance value chain, including portfolio accumulation, risk quoting, and risk management.
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- March 14 2024
Tokio Marine sets decarbonisation goal for 60 emission-heavy companies
Companies that fail to set up decarbonisation plans by 2030 will be cut off from its insurance underwriting, investment and financing, the Japanese insurance group said.
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- March 13 2024
Marine MGA Adva Specialty rebrands as Vivace Asia Pacific, appoints new regional head
The Hong Kong-based specialist underwriter, which is now part of +8 Partners, will be led by Rebekah Khew as director – Asia Pacific.
