APAC
Unrealised losses to fly by top 20 reinsurers: S&P Global
Unrealised losses to fly by top 20 reinsurers: S&P Global
About 25% of the total unrealised losses will reverse by the end of the year.
Pacific Life Re names Vasan Errakiah as Asia general manager
He will join the insurer’s Asia Executive Committee.
Allianz APAC shows solid H1 performance
Its L/H and P&C segments saw annual increments.
About six of 10 financial leaders expect revenue to jump 10% in three years
64% of consumers trust established banks for insurance purchases.
Aon unveils regional leader for Asia segment
He will be relocated to Singapore.
Aijiao Ruan becomes senior underwriter at AXA XL Insurance Asia
She will take on the underwriting of the Specie business.
Zurich Asia Pacific new business premiums up 43% in H1
Commercial premiums grew 11% whilst retail premiums were up by 17%.
Less than half of APAC’s natural disasters were insured in the first semester 2023: Munich Re
Calamities that occurred during the period reaped losses worth $7b.
Global M&A landslides in H1 2023, APAC falls 9%
Insurer M&A downfall will not stay long, the firm said.
Generali Asia life segment operations down 18% but drive group’s savings line
Group-wide, operating results jumped 28%.
QBE Asia revenue climbs 6.3% in H1 ‘23, group pencils $8b
Group-wide, this was a 12% increase year-on-year.
Manulife’s back in the black with C$1b net income in Q2
Core earnings per share is 6% higher at C$0.83, its latest financial results showed.
Will Field returns to Chubb
He will be the head of Casualty in Asia starting first quarter of 2024.
InsurTech funding down 34% in Q2: Gallagher Re
Seven APAC markets were included in the report, which received an estimated $359m in funding.
Sompo names new head of professional lines insurance for APAC
Poh has almost twenty years of industry experience in the Asia Pacific.
Israel-based insurtech to cuts 75% of Asia jobs
The company will be closing its offices in Tokyo, Hong Kong, and Seoul.
Chubb shuffles P&C leadership in Asia and A&NZ
Chris Gough and Hayden Baker will head P&C for Asia and Australia & New Zealand, respectively.
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For Asia’s insurers, boldness is the key to an AI-driven transformation
India’s cyber risk paradox: High attack rates, low insurance preparedness