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- August 16 2024
Analytics: Korean insurers’ record H1 results marred by motor results slump
Rates cuts by major players have led to a a significant deterioration in their motor portfolio in the first six months of the year, while a focus on long-term insurance products has helped the bottomlines.
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- August 14 2024
Exclusive: Marsh McLennan Singapore CEO Collin Yap set to leave
The industry veteran is understood to be on gardening leave till end of the year.
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- August 14 2024
KDIC revives Seoul Guarantee Insurance’s listing plans: report
The state-run parent of the Korean guarantee insurer announced that it has filed for a preliminary IPO review on the Korea Exchange.
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- August 9 2024
QBE doubles H1 net profit, COR improves 5 percentage points to 93.8%
The insurer's GWP grew 2% to US$13bn for the period, while its underwriting performance benefitted from lower cat claims, stable prior-year reserve development and rate increases.
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- August 9 2024
Tower upgrades FY 2024 NPAT guidance to US$27m
The updated guidance assumes full utilisation of the FY 2024 large events allowance, which is set at US$27m.
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- August 8 2024
Dual expands into W&I insurance in ANZ with new team led by Jordan Schwarz
The MGA’s new transaction solutions capability is an expansion to its title insurance offering in the region launched in April this year.
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- August 7 2024
Munich Re, SBI General Insurance to lead Indian state’s parametric rainfall cover
The Nagaland State Disaster Management Authority has appointed the two as the lead reinsurer and insurer to enhance the North-Eastern Indian state's resilience against excess rainfall.
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- August 6 2024
Hyogo hail losses dampen Tokio Marine Japan P&C Q1 underwriting performance
The Japanese P&C insurer’s combined ratio deteriorated 5.9 percentage points year-on-year to 99.5% for the quarter ended June.
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- August 5 2024
Miller expands Asia offering with new credit and political risk head
The specialist broker has hired Edward Cheak in Singapore from Texel to broaden its products in the region.
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- August 3 2024
Maritime energy transition: Data dialogue key to achieving decarbonisation goals
Collaboration and shared learning amongst stakeholders will be vital to getting full value from the data captured as well as in achieving regulatory goals. The International Maritime Organisation’s (IMO) greenhouse gas (GHG) strategy is to reach net-zero emissions from international shipping by or around 2050, and there are various checkpoints to meet along the way. […]
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- August 2 2024
Talcott secures first Japan flow reinsurance deal with Dai-ichi Frontier Life
The global life reinsurer Talcott announced the appointment of Yasuhisa Watanabe as chief representative, Asia Pacific.
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- July 31 2024
Samsung Re appoints Nitin Talwalkar as chief executive to steer regional expansion
With his appointment, the Singapore reinsurance arm of Korean insurer Samsung Fire & Marine is targeting expansion of its offerings across Asia Pacific.
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- July 31 2024
Suncorp to ‘sharpen focus on delivering insurance’ as bank sale closes
The Queensland-based insurer has completed the sale of its banking arm to ANZ first announced in 2022 and expects to net US$2.7bn from the transaction.
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- July 30 2024
Up to US$40bn additional property cat limit purchased in H1: Guy Carpenter
Greater market stability, and moderating pricing in a number of segments, provided cedents with better ability to budget for additional levels of coverage, the reinsurance broker said in it mid-year report.
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- July 29 2024
Axa XL reshuffles Asia leadership new specialty and P&C heads
The specialty (re)insurer has appointed Todd Wilhelm as head of specialty, Asia, and Guillaume Parard as head of P&C for the region.
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- July 29 2024
Space insurance struggles amid billion-dollar+ claims, scarce premium pool
While the market has seen a doubling of rates recently, shrinking underwriting capacity and technology changes add further challenges to the industry reeling from recent large losses.
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- July 26 2024
Nova Insurance set to fully acquire China arm by year-end
While it will be business as usual for the Hong Kong broker's China unit, it has also received regulatory approval to open a branch in the city of Suzhou, its third in the country.
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- July 25 2024
Exclusive: Hannover Re names Blake Dimitrijevic Australia MD as Michael Eberhardt heads to Bermuda
Dimitrijevic, who joins from Guy Carpenter, will succeed Eberhardt who is set to take charge as managing director and chief underwriting officer for Hannover Re Bermuda.
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- July 24 2024
Swiss Re CorSo Australia & New Zealand appoints Kevin Bates as country head
Sydney-based Bates, who was head of risk and insurance at Australian construction company Lendlease, will take over from Christine Bell, who is retiring.
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- July 23 2024
Lloyd’s promotes Mark Dyson to chief financial officer for international
Singapore-based Dyson will lead financial teams for all markets outside the UK – including Americas, Europe, Asia Pacific, Middle East and Africa.
