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- September 9 2024
Multi-peril risks fuel demand for cat coverage: Hannover Re
The reinsure anticipates prices and conditions to remain stable for the January 1, 2025, treaty renewals with supply and demand in most markets remaining balanced.
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- September 9 2024
Sherly Oktavia joins Oneglobal as divisional director for Asia reinsurance
Oktavia, who was most recently general manager at Tugu Insurance in Hong Kong, will relocate to Singapore for her new role.
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- September 6 2024
APAC construction market to see rating pressure as capacity, competition ramps up: WTW
While premiums have been stable in the first half of 2024, Australia and Asia markets are seeing renewed interest from overseas insurers and new entrants.
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- September 5 2024
Pacific islands cat pool PCRIC mulls expansion into private sector cover
The captive for the island nations is looking at extending parametric solutions to the underserved private sectors such as tourism, fisheries, and utilities, according to chief executive Aholotu Palu.
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- September 3 2024
Allianz Commercial promotes Jenny Wilhelm to Asia head of distribution
Prior to the latest announcement, Singapore-based Wilhelm has been the regional head of financial lines and cyber, Asia, a role that she will retain until a successor has been appointed.
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- September 3 2024
Crawford Australia appoints Milia Xystros as head of third party administration
Previously, Sydney-based Xystros was executive manager at Lloyd's syndicate Procare Claims and Risk.
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- September 3 2024
Exclusive: ARB appoints Eunice Ang as divisional director for treaty reinsurance
Singapore-based Ang, who joins from Axa, is responsible for treaty relationships within South-East Asia with a focus on Indonesian retro programs and clients in the Philippines.
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- September 2 2024
Marsh elevates Gary Chua to Singapore president
Chua has been the chief client officer for the broker since January 2023.
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- September 2 2024
Aon hires Munich Re veteran as senior shipping specialist, Japan
In his new role, Hide Akagi will take on the role of business development for the shipping team in Tokyo and report to Stephen Rudman, head of marine for Asia.
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- September 2 2024
Toa Re America’s underwriting performance pressured by social inflation: AM Best
AM Best affirmed its "A" (excellent) financial strength rating and a stable outlook for Toa Re and its subsidiaries, including Toa Re's US subsidiary.
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- August 31 2024
China Re H1 2024 insurance revenue of domestic P&C reinsurance up 17.5% to US$3.3bn
Overseas P&C reinsurance and Chaucer and P&C insurance divisions grew 10.2% and 2.6% year-on-year, respectively.
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- August 30 2024
Agile launches New Zealand operation to strengthen Lloyd’s Pacific presence
The newly established Agile Insurance Group NZ will write general aviation, accident and health, casualty and professional lines.
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- August 30 2024
China Pacific’s P&C underwriting profit jumps 47.6% to US$380m, COR improves to 97.1%
The company delivered primary insurance premiums at US$15.7bn in the first six months, a 7.8% growth year-on-year.
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- August 30 2024
Blue Marble plans Asia expansion to bring insurance to the underserved
Through public-private partnerships, developing prototypes on the ground and using AI as a way to enhance pricing and modelling, the parametric insurtech is expanding its programs in the region which its CEO Jaime de Pinies describes as a "patience game".
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- August 30 2024
ARPC unveils 2024-2028 terrorism and cyclone pools management plan
The Australian Reinsurance Pool Corporation will improve premium collection, claims payment and management of pool net assets. It will also purchase retrocession coverage to protect the terrorism pool net assets and develop cat modelling.
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- August 29 2024
Bruce Dettling to oversee Australia as Gallagher’s global head of mining and heavy industry
In this newly created role, London-based Dettling who joins from Aon will report to Malcolm Payton, CEO, property & casualty insurance solutions and head of global fac at Gallagher Specialty.
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- August 29 2024
Great Eastern names ex-HSBC veteran Greg Hingston as CEO
Succeeding Khor Hock Seng who is retiring in October, Hingston joins from HSBC after spending 18 years with the bank in several senior roles, including CEO of global insurance and partnerships.
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- August 28 2024
Data breach by Japan’s big 4 insurers affects over 2 million customer records: report
Tokio Marine & Nichido Fire Insurance, Sompo Japan, Mitsui Sumitomo Insurance, and Aioi Nissay Dowa Insurance will need to submit reports to the financial regulator by the end of this week.
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- August 28 2024
Aon Hong Kong takes Naureen Rasul as director-financial services and professions group
In her new role, Rasul will be instrumental in driving the broker's growth in financial lines and cyber.
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- August 27 2024
ZhongAn P&C H1 2024 underwriting profit drops 41% to US$44m as COR deteriorates to 97.9%
Insurance revenue for the P&C business for the first six months ended June 2024 increased 18.1% year-on-year to US$2.1bn.
