News Page 36 / 1090
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- May 7 2025
Guoren P&C to maintain capital buffer to support growth, profitable underwriting: Fitch
Fitch affirms insurer rating of BBB+ for the Chinese non-life insurer.
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- May 7 2025
India’s Iffco-Tokio launches surety bond insurance: report
Construction industry has reportedly offered bank guarantees worth INR1.7 trillion (US$20.1 billion), which is projected to grow to INR3 trillion by 2030.
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- May 7 2025
Axa XL appoints veteran Marc Audrin as APAC, Europe CFO
Dublin-based Audrin has been at the Axa Group for over 32 years, with his most recent role being Axa XL's CFO for APAC, Europe and XL Insurance Company SE.
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- May 7 2025
Malaysia’s P&C underwriting profit 11% down, claims incurred up 18.8% in 2024: PIAM
Industry's GWP grew by 6.9% to US$5.4bn in 2024, mostly driven by vehicle sales and infrastructure development, according to the General Insurance Association of Malaysia.
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- May 7 2025
Korean non-life carriers’ overseas branches see net income surge to US$95m
Increase attributed to base effect of natural catastrophes in 2023, including Typhoon Mawar in Guam and a wildfire in Hawaii.
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- May 7 2025
APAC insurers remain resilient amid trade tensions, volatile markets: S&P
However, rising tariffs, market volatility, and currency fluctuations could strain earnings and slow premium growth.
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- May 7 2025
Asia firmly in Markel’s sights as it seeks to ‘equip, empower’ amid global leadership shake up
Lloyd’s underwriter continues the hunt for an Asia Pacific CEO to succeed Christian Stobbs, who is returning to the UK.
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- May 6 2025
Olivia Clark jets into Singapore as Everest’s senior APAC aviation underwriter
Clark relocates from London, having previously worked at Chubb and Nexus Group.
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- May 6 2025
Howden promotes Leo King to regional fac role
A company veteran, King was most recently an executive director, a post he had held for more than four years.
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- May 6 2025
South Korea allocates record US$1.38bn for unprecedented Yeongnam forest fires
Total damage has been estimated at KRW1.818 trillion (US$1.32 billion), marking the most severe forest fire incident since records began.
