The general insurance sector recorded a 13.2% year-on-year increase in premiums for September, driven predominantly by a 294% surge at the Agriculture Insurance Company of India.
The insurer plans to redeploy proceeds from about US$25bn in cross-shareholding sales, as Japanese regulators press major carriers to cut legacy equity stakes and improve capital efficiency.
The talks also cover potential funding mechanisms for the scheme, including the use of disaster relief funds or small deductions on utility bills, according to a government official cited by Reuters.
Taylor brings over 15 years of P&I and marine underwriting experience, including seven years leading Standard Club’s APAC underwriting operations from Singapore.
The rating agency said recent insurance regulatory changes will influence solvency positions, distribution models and reinsurance dynamics, with China, South Korea and Australia setting the pace in As...
Wen brings more than 30 years of experience in the reinsurance treaty markets in Taiwan and Guam and will lead Gallagher Re's Taiwan business expansion.
