Jessica Li is a Reporter at (Re)in Asia, following the appointments, ratings and deals shaping the region's insurers. Areas of specialty include senior people moves, insurer ratings actions, and M&A across marine, financial and reinsurance lines in markets including Vietnam, Hong Kong, Korea and India.
Rai will promote the GIFT City-based group’s capabilities overseas as it builds a business serving India and other high-growth markets in Asia and Africa.
Pricing, claims management and operating efficiency have narrowed the insurer’s underwriting losses, and growing scale should help it sustain profitability from 2028.
Ping An P&C’s new energy vehicle insurance premiums climbed 21.2%, faster than the 16.1% it reported for Q1, while total premium income rose 3.5% to 265.22bn yuan (US$39.78bn).
The move follows S&P’s 23 October outlook revision on Allianz SE and its core subsidiaries, after the group’s operating performance “improved materially”.
The group’s solvency ratio fell to 213% in H1 2026 from 271% at the end of 2024, though a 7bn yuan (US$1.05bn) state injection is expected to buoy its position.
He previously spent five years at Willis Re and later led Peak Re’s global life and health business before running his own advisory firm, Eigengrey Consulting.
Waiting periods and covered-event triggers could limit recovery, while outsourced hosting arrangements open a route to professional liability and subrogation claims.
