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- July 29 2024
Marsh strengthens Pacific healthcare practice with Aon specialist
The broker has hired Sydney-based Samir Sofat as healthcare practice leader for the region.
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- July 29 2024
Tesla picks Zurich as preferred insurance provider for Australia
The Swiss carrier will offer cover for the EV maker’s customers in the country under the InsureMyTesla arrangement.
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- July 26 2024
Sompo China to sustain profitable underwriting: S&P Global
The rating agency has affirmed the carrier's 'A' long-term local currency financial strength rating and issuer credit rating with a stable outlook.
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- July 26 2024
China Re’s COR to improve in next two years on portfolio overhaul: S&P Global
The state-owned reinsurer's combined ratio will likely lower to 99% from the five-year average of 102.1%. The rating agency has also affirmed its "A" rating and "stable" outlook.
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- July 26 2024
MSIG China’s subdued liability book weighs on underwriting performance: S&P Global
The rating agency affirmed its 'A' rating with a stable outlook, reflecting the outlook on the core operating entities of MS&AD.
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- July 25 2024
CrowdStrike event to cost cyber insurers up to US$1.5bn: CyberCube
The loss caused by the outage amounts to the largest single insured loss event in the past 20 years of the cyber insurance industry.
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- July 25 2024
Howden appoints Ngoensin Sutipitawkong as major accounts senior director in Thailand
Based in Bangkok, he joins Howden from Lockton where he was a director for three years from June 2021.
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- July 25 2024
Seadrif adds Benedikt Signer to board as executive director
Signer has worked for The World Bank for over a decade, where he supported over 20 countries in actively managing potential losses from climate and disaster shocks.
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- July 24 2024
Great American Insurance taps Chubb’s Julie Leng as marine underwriter
Leng, who was an assistant manager based in Kuala Lumpur, joins the Great American's Singapore branch.
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- July 23 2024
Korean insurers brace for more investment return volatility: Fitch
The carriers have sufficient capitalisation and their stable underwriting performance will likely support their overall profitability and offset the choppier returns caused by the IFRS 9 accounting change.
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- July 23 2024
Zurich Australia on course for 7% revenue growth in the next two years: S&P Global
The rating agency has affirmed the insurer's 'AA-' rating with a stable outlook after implementing its revised criteria on capitalisation.
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- July 23 2024
Allianz’s acquisition of Income is unlikely to change Singapore’s market landscape: Fitch
The proposed acquisition is expected to strengthen Allianz’s presence in Asia and to elevate it from the ninth to the fourth-largest composite carrier by insurance revenue in the region.
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- July 23 2024
Indian and Malaysian carriers keen to transform claims and underwriting approaches
The two fast-growing markets illustrate how insurers can ride on regulatory changes and innovative approaches to navigate challenges and capitalise on opportunities.
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- July 22 2024
Income Insurance acquisition highlights Allianz’s increasing focus on South-East Asia: S&P
Allianz Insurance Singapore, rated "A+" with a "stable" outlook, remains a strategically important subsidiary of the group, as the rating reflects the extent of support the rating agency expects from the group.
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- July 22 2024
BMS taps Dianne Riopelle from Marsh as energy team client manager
Based in Brisbane, Riopelle will be responsible for expanding the specialist broker's renewables, power and energy business.
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- July 22 2024
Indonesian reinsurer Maipark’s profitability to sustain despite nat cat risk: Fitch
Fitch Ratings has upgraded its outlook on the Indonesian reinsurer to "positive" from "stable" while affirming its "A" rating.
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- July 19 2024
Income to benefit from Allianz’s global expertise and potential synergies: Fitch
The proposed acquisition is fully in-line with Allianz’s strategic objectives to grow inorganically in property and casualty, the rating agency said.
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- July 19 2024
China Huanong P&C downgraded for poor capital raising ability
The global rating agency has downgraded the carrier's rating to 'BBB-' from 'BBB' with a negative outlook due to investment losses.
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- July 19 2024
Hyundai Marine & Fire Insurance’s long-term line results to improve: AM Best
The rating agency has affirmed the carrier's financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) with a stable outlook.
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- July 19 2024
Noto earthquake, China floods among costliest H1 2024 economic loss events: Aon
The Noto earthquake remained the costliest event of the year to date in terms of total economic losses with more than U$17bn in direct damage, according to the broker's new cat recap report for the first six months of the year.
