-
- December 29 2022
Philippines regulator sets aside cat premium hikes
The Insurance Commission has suspended the revised schedule of minimum catastrophe rates that took effect from November 1.
-
- December 29 2022
Asia Pacific nat cats: the year in review
Majority of the loss events in the region were secondary perils, mostly floods.
-
- December 28 2022
Chinese broker Fanhua withdraws going-private proposal
The company's broker's founder Yinan Hu had offered to privatise the company in 2021 for US$9.8 per American depository share.
-
- December 28 2022
Korea’s DB Group reshuffles insurance leadership
The chaebol names Kim Jeong-nam as vice chairman and Jeong Jong-pyo as the chief executive of the insurance arm following a group restructuring.
-
- December 23 2022
Tugu outlook revised to negative over poor underwriting performance: AM Best
The rating action is despite the Indonesian carrier posting a 15% jump in pre-tax profits for the first nine months of 2022.
-
- December 21 2022
Marsh names Nisala Weerasooriya head of APAC captive solutions
He replaces Stuart Hebert, who assumes a new role as international captive consulting practice leader.
-
- December 15 2022
Malaysian Re’s strong capital buffer offsets underwriting losses
Fitch affirmed the Asean reinsurer's A (strong) rating in terms of its financial strength with a stable outlook.
-
- December 12 2022
Korean Re to reduce overseas property cat exposure
The South Korean reinsurer hit by Covid claims and nat cats will expand casualty and specialty lines, according to AM Best.
-
- December 9 2022
1.1 renewals challenging but there’s ‘hope on the horizon’: GC’s David Priebe
With many global reinsurers underweight in Asia, there's an opportunity to encourage them to take on more regional risk.
-
- December 9 2022
October Australian flood damage bill at US$533m: Perils
La Nina conditions that triggered these floods are forecast to extend into their third consecutive year in 2023.
-
- December 5 2022
WTW names William Miller as head of APAC for new crisis management unit
The broker is merging its special contingency risk and terrorism and political violence teams from January 1.
-
- December 5 2022
Allianz seeks to grow Asian P&C mid-market presence
Eyes expansion in the segment where it is underweight through investments in people and capabilities.
-
- December 1 2022
Howden assumes full ownership of Australian subsidiary AlphaXO
The Sydney-based marine specialist, earlier known as FP Marine Risks, has been part of the global broking group since 2007.
-
- November 30 2022
SMBC Aviation starts litigation against 11 insurers over jets in Russia
The Japanese lessor, which had recognised a US$1.6bn impairment this year, has filed a suit in the Irish High Court seeking claims for its 34 planes.
-
- November 23 2022
1.1 renewals: ‘There will be gaps in cover’, says Allianz’s Chris Townsend
‘While it is going to be a challenging environment into the second quarter of next year, there's a world of opportunity in the medium to long term.'
-
- November 22 2022
RBNZ proposes to vet insurers’ senior management hires
The industry regulator wants to ensure proper assessments of the senior management candidates before their appointment.
-
- November 21 2022
Japan’s big three post massive H1 underwriting losses on nat cats, Covid-19
While Sompo Holdings and MS&AD Insurance Group posted net losses for their first six months of the fiscal year, Tokio Marine saw a 70% fall in profits.
-
- November 20 2022
Chubb gets regulatory nod to raise Huatai stake to 83.2%
The China Banking and Insurance Regulatory Commission approved the purchase of an additional 35.9% stake in the Chinese insurance group.
-
- November 9 2022
Reinsurers seek correction through rates, retentions and tighter terms
As Asia 1.1 renewals gather momentum, the market is facing a perfect storm of challenges.
-
- November 7 2022
RMS’ Michael Steel: ‘Committed to expanding APAC footprint in terms of models, perils and people’
In an IAN interview, the risk modeller’s global head discussed regional growth plans, climate change, the ILS market, cyber risks, ESG underwriting and the Moody’s merger.
