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Hannover Re’s APAC FY 2023 revenue stays flat at US$2.25bn
While it has scaled back its business in select markets such as China, certain South-East Asian markets and South Korea to increase the profitability of its portfolio, it has grown its revenues in markets like India and Australia.
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Singapore non-life domestic underwriting profit drops 11%: association
Gross written premiums for employer’s liability rose 10.2% from a year ago on the back of an expansion of resident and foreign labour market, the General Insurance Association said.
Singapore non-life domestic underwriting profit drops 11%: association
Gross written premiums for employer’s liability rose 10.2% from a year ago on the back of an expansion of resident and foreign labour market, the General Insurance Association said.
Gross written premiums for employer’s liability rose 10.2% from a year ago on the back of an expansion of resident and foreign labour market, the General Insurance Association said.
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Foreign investment in India’s insurance sector tops US$6.5bn since liberalisation in 2015
The number of insurance players in the country rose to 70 from 53 nine years ago, when the government relaxed the cap on international investment for insurers and intermediaries.
Foreign investment in India’s insurance sector tops US$6.5bn since liberalisation in 2015
The number of insurance players in the country rose to 70 from 53 nine years ago, when the government relaxed the cap on international investment for insurers and intermediaries.
The number of insurance players in the country rose to 70 from 53 nine years ago, when the government relaxed the cap on international investment for insurers and intermediaries.
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El Niño is near its end, says Australia’s weather bureau
While the weather phenomenon is expected to continue till end-April, climate agencies are flagging up risks of La Niña developing by the southern hemisphere winter.
El Niño is near its end, says Australia’s weather bureau
While the weather phenomenon is expected to continue till end-April, climate agencies are flagging up risks of La Niña developing by the southern hemisphere winter.
While the weather phenomenon is expected to continue till end-April, climate agencies are flagging up risks of La Niña developing by the southern hemisphere winter.
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Aon promotes Li Lin Kea to head of marine for Singapore
Kea was most recently regional director responsible for the global broker's Asia cargo and logistics book.
Aon promotes Li Lin Kea to head of marine for Singapore
Kea was most recently regional director responsible for the global broker's Asia cargo and logistics book.
Kea was most recently regional director responsible for the global broker's Asia cargo and logistics book.
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Swiss Re elevates Amitabha Ray as India CEO
Mumbai-based Ray takes over from Hadi Riachi, who is moving to Swiss Re CorSo as head of global underwriting centre.
Swiss Re elevates Amitabha Ray as India CEO
Mumbai-based Ray takes over from Hadi Riachi, who is moving to Swiss Re CorSo as head of global underwriting centre.
Mumbai-based Ray takes over from Hadi Riachi, who is moving to Swiss Re CorSo as head of global underwriting centre.
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Cathay Century returns to profitability in 2023 on strong premium growth, lower claims
Taiwan's second largest non-life insurer's premiums written grew 14.5% to US$1bn while claims payout dropped 22%.
Cathay Century returns to profitability in 2023 on strong premium growth, lower claims
Taiwan's second largest non-life insurer's premiums written grew 14.5% to US$1bn while claims payout dropped 22%.
Taiwan's second largest non-life insurer's premiums written grew 14.5% to US$1bn while claims payout dropped 22%.
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Lockton expands India leadership team with three Aditya Birla Insurance Brokers hires
Mukul Bhatia has been appointed managing director, Irfan Shirwani has joined as managing director of placement and claims, and Prasanna Hunur has started as senior director of sales.
Lockton expands India leadership team with three Aditya Birla Insurance Brokers hires
Mukul Bhatia has been appointed managing director, Irfan Shirwani has joined as managing director of placement and claims, and Prasanna Hunur has started as senior director of sales.
Mukul Bhatia has been appointed managing director, Irfan Shirwani has joined as managing director of placement and claims, and Prasanna Hunur has started as senior director of sales.
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Australian MGA Agile gets nod to launch Asta-managed Lloyd’s syndicate
Syndicate 2427 plans to start services in April and has appointed Mark Hunt as active underwriter; it is targeting a GWP of US$43.4m for 2024.
Australian MGA Agile gets nod to launch Asta-managed Lloyd’s syndicate
Syndicate 2427 plans to start services in April and has appointed Mark Hunt as active underwriter; it is targeting a GWP of US$43.4m for 2024.
Syndicate 2427 plans to start services in April and has appointed Mark Hunt as active underwriter; it is targeting a GWP of US$43.4m for 2024.
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India 1.4 renewals likely to be smooth but structures remain a sticking point
Proportional capacity is drying up, but reinsurers remain open to quota shares for select cedents and pushing for whole account XL protections.
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(Re)insurers embrace generative AI for better underwriting, claims management
Early adopters are exploring the use of AI tools across the entire insurance value chain, including portfolio accumulation, risk quoting, and risk management.
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Japan’s latest rocket launch loss unlikely to hit international markets
The space (re)insurance market that suffered a bruising 2023, with a heavy loss experience that ripped through its premium base, spared the claims from the failed experimental launch.
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Asian W&I market gears up for a deal rebound but soft market persists
Though valuation mismatches remain a hurdle to a full recovery in M&A activity, underwriters in the region believe that rates may have bottomed out and there will soon be a normalisation in pricing.
Spotlight
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Gallagher plans APAC fac buildout with Singapore, Sydney hubs
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Aon ‘doubling down’ on India with treaty team build out
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Howden plans to make ‘a big and permanent splash’ in APAC: M&A chief
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Nexus sees continued growth in structured solutions across Asia
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TMK’s Spyropoulos: We are so much more than a property D&F specialist
M&A
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Honan COO Laurence Basell to lead strategy for Marsh Australia and New Zealand
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PSC Insurance confirms buyout talks with strategic partners
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Rothbury Group acquires Steadfast-owned Kiwi broker Austinsure
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Steadfast H1 revenue grows 19% to US$517m
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Indian regulator approves Aon’s acquisition of Global Insurance Brokers
ESG
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Tokio Marine sets decarbonisation goal for 60 emission-heavy companies
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Hong Kong Federation of Insurers commits to carbon neutrality by 2050 with climate charter
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Activists target Asian insurers lagging on climate action
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Insurers lobby for removal of green infrastructure investing roadblock
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Taiwan’s green power credit guarantee to mitigate default risk, eases up project financing: Fitch
Industry insights and in-depth analysis
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Insurtech: Every single facet of the insurance value chain is about to be re-imagined by AI, with only a question of when and how fast it takes place.
David Lynch, bolttech