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- October 16 2024
Sompo continues APAC build out with new COO
Singapore-based Maya Lee starts immediately and will report to Daniel Englberger, Sompo International chief operating officer, and Kenneth Reilly, APAC chief executive.
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- October 15 2024
Specialist Risk Group makes Asia foray with Singapore acquisition
The Temasek and Warburg Pincus-backed UK intermediary has agreed to acquire broker HL Suntek.
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- October 15 2024
Envest unveils leadership rejig following completion of PSC deal
The restructure will see PSC's ANZ chief executive David Hosking leave the combined group at the end of this month.
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- October 14 2024
Singapore government rejects Allianz-Income deal
"The government has assessed the proposed transaction and has decided that it would not be in the public interest for the transaction, in its current form, to proceed," minister Edwin Tong told parliament today.
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- October 14 2024
Secondary perils are the risk of the future: Munich Re’s Serene Chan
The reinsurer’s new Greater China P&C head discusses pricing trends, shift to non-proportional, cyber appetite and need for model robustness.
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- October 8 2024
Seoul Guarantee Insurance’s H1 loss ratios worsen as claims surge: report
Total claims paid out in the first six months reached nearly US$400m, an all-time high, and is expected to nearly double by the end of 2024.
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- October 1 2024
Hannover Re confirms Blake Dimitrijevic as Australia MD
As first reported by IAN in July, Dimitrijevic joins from Guy Carpenter and succeeds Michael Eberhardt, who was appointed managing director and chief underwriting officer for Hannover Re Bermuda.
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- September 27 2024
Parametrics can complement reinsurers’ capital protection platforms
Guy Carpenter’s Jeremy Waite discusses how index-based products can fill the protection gap left by indemnity insurance from deductibles, excluded perils, scarce capacity and contingent business interruption.
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- September 26 2024
Cat modellers need to balance consistency and adapting to climate change
Insurance companies must be prepared to embrace change and invest in building their own technical understanding to manage their portfolios effectively, says Guy Carpenter’s Mark Weatherhead.
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- September 25 2024
Rising cat losses in Greater China put risk exposures under the lens
(Re)insurers in the region are increasingly focusing on understanding and analysing risk exposures and are more willing to invest in data collection, says Guy Carpenter’s Kitty Bao.
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- September 17 2024
Howden enters Japanese retail broking with Foresight acquisition, names Takuya Aibe CEO
Tokyo-headquartered Foresight offers retail brokerage, captive consulting & management services. The newly acquired business will be led by Aibe, who was most recently CEO of Gallagher Japan.
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- September 16 2024
Hong Kong’s Nova Insurance FY 2024 revenue up 3.6% to US$14.7m
The broker reported robust retention ratios and added new accounts, including a public utility, listed companies and educational institutions, according to a stock exchange filing by its parent FSE Lifestyle.
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- September 11 2024
Low claims, growing reserves keep P&I market on steady course
Although the headline figures look strong, some of the biggest clubs have reported underwriting losses as several need to correct results, while others take a softer approach.
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- September 10 2024
Steadfast refutes ABC’s allegations of kickbacks, misleading customers
The Australian broker said that it is "disappointed that important information has been selectively presented” in a recent media report about its practices in strata insurance.
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- September 6 2024
Extension of cyclone pool coverage period to 7 days would increase average annual loss by 5%: ARPC
The Australian cyclone pool will need to collect additional premiums through rate increases to cover the increased claims costs if such a change was made, the pool's administrator said.
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- September 5 2024
Allianz APAC total business volume up 13% to US$4.8bn in H1 FY 2024
The regional P&C business' operating profit increased by 16% to US$92m on the back of a 12% growth in total business value.
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- September 3 2024
Aon’s Yen Chu Choo named APAC capital advisory leader
Singapore-based Choo will report to George Attard, APAC chief executive for Reinsurance Solutions.
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- August 21 2024
IAG grows FY 2024 insurance profit 79% to near US$1bn
The Australian insurer's COR improved 4.3 percentage points to 89.3% and its GWP grew 11.3% to US$11bn for the financial year ended June 30.
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- August 20 2024
La Niña arrival likely delayed till October, say climate agencies
The Australian weather bureau noted that conditions continue to be ENSO-neutral and the extent and magnitude of cool water have decreased since last fortnight.
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- August 19 2024
AUB doubles down on UK retail expansion with Movo acquisition
The London-based broker is the second acquisition by the company in the UK after it picked up a 40% stake in AR network Momentum in June this year.
