Troubled Thai P&C player seeks turnaround after Covid claim spikeJune 17 2022 by Andrew Tjaardstra
- December 8
The rating agency has revised the outlook of travel-focused Malaysian carrier Tune Protect Re to positive from stable and affirmed the financial strength rating of B++ (good).
- November 29
While domestic insurance capacity has been sapped by Covid losses, foreign carriers are shying away from writing business in the market due to historically soft markets and looming political risks.
- October 24
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.
- October 19
Relax Beach, which owns Le Meridien Phuket Beach Resort, now stand to potentially receive millions of dollars in claims after it was forced to close in April 2020.
The consultant is exploring potential acquisitions in Australia and New Zealand, and expanding its footprint in South-East Asia, Korea and Japan.
Managing these daunting risks will require a multi-stakeholder approach to risk identification, financing and mitigation.