Subject: Underwriting Page 8 / 20
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- October 24 2023
Chubb veteran Ben McGregor named head of property for APAC & Japan
Singapore-based McGregor will be responsible for the insurer's property line of business in the region from December 1, reporting to Paul McNamee, regional president of Asia Pacific.
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- October 24 2023
Taiwan non-life insurers to fully recover from pandemic challenges by year-end: AM Best
The rating agency maintained a negative outlook on Taiwan’s non-life insurance segment, citing increased reinsurance costs and a decline in the asset base.
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- October 24 2023
Liberty Specialty Markets hires Cristin Li as senior underwriter
Hong Kong-based Li will look after the insurer's war and terrorism portfolio in north Asia.
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- October 19 2023
Samsung Tugu to gain from Korean investments in Indonesia: AM Best
AM Best has affirmed the Jakarta-headquartered insurer a rating of A- (excellent) with a stable outlook after it posted a five-year average combined ratio of 57%.
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- October 19 2023
AIG appoints Logan Perry as casualty manager, specialty in New Zealand
Auckland-based Perry was most recently casualty underwriting manager for Chubb and will report to Stephen Ward, head of casualty, Asia Pacific at AIG.
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- October 16 2023
Howden secures US$608m of Lloyd’s capacity for MGA tech startups
Howden Ventures has capacity provided by Lloyd’s underwriters, including Tokio Marine Kiln, Chaucer and Liberty Specialty Markets.
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- October 11 2023
UK P&I Club’s Peter Jones to relocate to Singapore for underwriting director role
Jones is transferring to Singapore from the Club’s London office to help service the region’s shipowners and brokers.
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- October 9 2023
Envest acquires majority stake in Brisbane MGA Insuret
Founder Jason McDonnell will continue to remain a co-owner and managing director of the fleet business specialist.
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- September 28 2023
Analytics: Singapore’s H1 P&C underwriting profits nearly double
(Re)insurers benefited from strong premium growth in engineering and credit lines and a lower claims tally, however aviation hull and cargo GWP declined, according to MAS data.
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- September 21 2023
Canopius continues Australia expansion with two senior hires
Lucy Lumb joins the firm as underwriter, property coverholder and delegated authority, while Trisha Urquhart joins as underwriter - accident and health.
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- September 14 2023
Steadfast acquires Riskcom and its subsidiary to expand risk management capabilities
Riskcom and BRM will retain their brands and continue to operate as standalone businesses.
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- September 14 2023
Pacific & Orient Insurance to see more underwriting stress ahead: Fitch
Fitch Ratings has affirmed the company an insurer rating of'BBB+' (good), with a stable outlook mainly taking into account strong capitalisation.
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- September 13 2023
Indonesia’s Mega Insurance to pare credit insurance portfolio: Fitch
Fitch Ratings has affirmed an insurer rating of 'A+ for the company with a stable outlook while its COR improved to 87% in FY 2022 as against 93% in FY 2021.
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- September 12 2023
QBE takes Richard Chien from Taiping Re as Greater China property head
Hong Kong-based Chien will be responsible for leading the insurer's teams in Hong Kong and Macau.
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- September 12 2023
Swiss Re’s Mael He becomes head of client underwriting, China
Prior to the appointment this month, He was heading the reinsurer's APAC agriculture business.
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- September 11 2023
Delta to expand underwriting capacity riding on growth: AM Best
AM Best has affirmed the performance assessment of PA-2 (excellent) to Delta Insurance New Zealand and Delta Underwriting Singapore with a stable outlook.
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- September 7 2023
Analytics: Chinese P&C carriers focus on agri, liability offerings in acceleration away from motor
- Analytics
- China
- China Continent P&C
- China Pacific Insurance P&C
- PICC Property and Casualty
- Ping An
- Sunshine Insurance
Improved underwriting results, new products and a push from the government are driving growth, but an uncertain economic outlook has seen carriers rush to pare credit surety exposures.
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- September 6 2023
Global reinsurers improve underwriting results marginally, revenue dips in H1 2023: Gallagher Re
While the overall underlying COR improved to 87.6% in H1 2023, the strongest performance in the last decade, revenue growth declined to 8.7% compared with 13.5% in H2 2022.
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- September 6 2023
NorthStandard appoints Jack Marriott-Smalley as head of South-East Asia Pacific
Singapore-based Marriott-Smalley was regional underwriting director for the company since 2021.
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- September 6 2023
British Marine strengthens Asia P&I underwriting team with two hires
Sebastian Tjornelund (pictured) joins as head of P&I underwriting, Asia, while Jamie Baggett becomes a senior underwriter.
