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1.4: South Korean cedents to see single-digit rating increases
While the market has yet to fully recover from the past years’ big industrial and cat losses, reinsurers are comfortable with where the rates, terms and conditions are now.
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Insurtech Qoala raises US$47m in latest funding round co-led by PayPal Ventures
PayPal Ventures co-led the latest funding round with MassMutual Ventures, bringing the Jakarta-based insurtech's total funding raised to US$130 million since its inception.
Insurtech Qoala raises US$47m in latest funding round co-led by PayPal Ventures
PayPal Ventures co-led the latest funding round with MassMutual Ventures, bringing the Jakarta-based insurtech's total funding raised to US$130 million since its inception.
PayPal Ventures co-led the latest funding round with MassMutual Ventures, bringing the Jakarta-based insurtech's total funding raised to US$130 million since its inception.
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Baltimore bridge collapse’s insured losses could hit US$4bn: report
Insured losses could total range from US$2-4bn, with 80 different reinsurers having provided cover to the Singapore-flagged container vessel's insurers, Reuters reports.
Baltimore bridge collapse’s insured losses could hit US$4bn: report
Insured losses could total range from US$2-4bn, with 80 different reinsurers having provided cover to the Singapore-flagged container vessel's insurers, Reuters reports.
Insured losses could total range from US$2-4bn, with 80 different reinsurers having provided cover to the Singapore-flagged container vessel's insurers, Reuters reports.
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China Re returns to profit on strong FY2023 primary P&C, overseas growth
China's largest P&C reinsurer said lower cat losses, and improved rate conditions at its wholly-owned Chaucer also helped it achieve a 18% growth in overseas reinsurance gross written premium.
China Re returns to profit on strong FY2023 primary P&C, overseas growth
China's largest P&C reinsurer said lower cat losses, and improved rate conditions at its wholly-owned Chaucer also helped it achieve a 18% growth in overseas reinsurance gross written premium.
China's largest P&C reinsurer said lower cat losses, and improved rate conditions at its wholly-owned Chaucer also helped it achieve a 18% growth in overseas reinsurance gross written premium.
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Vietnam’s PVI Insurance strong underwriting results set to sustain: AM Best
Vietnam's largest non-life insurer's financial strength rating, at "A-" (excellent), was affirmed on its strong performance and support from parent, German insurer HDI Global SE.
Vietnam’s PVI Insurance strong underwriting results set to sustain: AM Best
Vietnam's largest non-life insurer's financial strength rating, at "A-" (excellent), was affirmed on its strong performance and support from parent, German insurer HDI Global SE.
Vietnam's largest non-life insurer's financial strength rating, at "A-" (excellent), was affirmed on its strong performance and support from parent, German insurer HDI Global SE.
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WTW taps Marsh for India credit insurance leader
Mumbai-based Rishabh Karnik will help develop the broker's financial solutions offerings.
WTW taps Marsh for India credit insurance leader
Mumbai-based Rishabh Karnik will help develop the broker's financial solutions offerings.
Mumbai-based Rishabh Karnik will help develop the broker's financial solutions offerings.
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Marsh Asia appoints Alexander Pui to its climate and sustainability advisory team
Tokyo-based Pui was previously executive manager, climate scenario analytics, at Commonwealth Bank for nearly two years from March 2022
Marsh Asia appoints Alexander Pui to its climate and sustainability advisory team
Tokyo-based Pui was previously executive manager, climate scenario analytics, at Commonwealth Bank for nearly two years from March 2022
Tokyo-based Pui was previously executive manager, climate scenario analytics, at Commonwealth Bank for nearly two years from March 2022
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China expands national nat cat pool to cover perils beyond earthquakes
The nat cat insurance mechanism will now also include typhoons, floods, torrential rains, mudslide and landslide, it will double limits per household, as well as support commercial cat cover.
China expands national nat cat pool to cover perils beyond earthquakes
The nat cat insurance mechanism will now also include typhoons, floods, torrential rains, mudslide and landslide, it will double limits per household, as well as support commercial cat cover.
The nat cat insurance mechanism will now also include typhoons, floods, torrential rains, mudslide and landslide, it will double limits per household, as well as support commercial cat cover.
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Canopius Asia hires Patrick Fyson as APAC property head
Singapore-based Fyson will look to grow the company’s property underwriting business in the region.
Canopius Asia hires Patrick Fyson as APAC property head
Singapore-based Fyson will look to grow the company’s property underwriting business in the region.
Singapore-based Fyson will look to grow the company’s property underwriting business in the region.
Popular posts:
- Britannia P&I’s Bermudan reinsurers, Axa XL set to bear brunt of multi-billion-dollar Baltimore bridge collapse
- Lockton India continues raid on Aditya Birla Insurance Brokers with three key hires
- Guy Carpenter appoints new Pacific CEO in regional leadership shake-up
- Buyers closing in on PSC, but sluggish UK arm makes for a tricky deal: sources
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Britannia P&I’s Bermudan reinsurers, Axa XL set to bear brunt of multi-billion-dollar Baltimore bridge collapse
The event involving Singapore-flagged Dali, which could likely be the biggest insured loss in maritime history, will increase pool layer costs and container GXL pricing next year, sources tell IAN.
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Japan 1.4 renewals ‘orderly’ with risk-rated hikes
While structures and terms and conditions are expected to stabilise, shrinking capacity from major Japanese players is forcing cedents to explore new capacity from global insurers.
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1.4: Philippines sees flattish pricing though quoting markets remain tight
While there is a gradual return to an orderly renewal process, the market is seeing a shift from proportional to non-proportional treaties.
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Buyers closing in on PSC, but sluggish UK arm makes for a tricky deal: sources
A deal could be announced in a matter of days with Marsh, Ardonagh and Gallagher rumoured to be leading the race.
Spotlight
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UK P&I Club positioned to benefit from the shipping shift to Asia: CUO
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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
M&A
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Buyers closing in on PSC, but sluggish UK arm makes for a tricky deal: sources
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Tokio Marine eyes overseas acquisitions with US$10bn war chest: report
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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
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