Toa Re’s ratings revised to negative outlook by S&PJune 15 2022 by InsuranceAsia News Staff
- August 8
The reinsurer's underwriting performance improved after reserve releases.
- August 1
The company reported a five-year average combined ratio of 101.4%.
- July 25
The Hong Kong insurer's premium revenue grew by 11.8% in 2021.
- July 19
The marine player, which has Hong Kong and Singapore offices, is selling Lloyd's subsidiary Asta.
A longer claims process and increased cost were some of the challenges faced by insurers.
Tropical cyclones have always been a significant peril in Asia and a major focus for risk assessment in the region.