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.
The head of the insurer's Pacific business takes charge on 1 November, joining the group executive committee as Sue Houghton prepares to retire at year-end.
The Singapore-based post goes to a graduate programme hire who has served as the insurer's multinational trade credit lead for EMEA and the UK since 2022.
The charge accounts for around 9% of premiums across levied classes, and the council warns it may push households to raise excesses and cut sums insured.
Stable underwriting results and a favourable loss ratio in the long-term line underpin the rating as the South Korean insurer pushes further into overseas specialty markets.
AM Best affirmed CBIC's A- ratings and still assesses its balance sheet as very strong, but a single concentrated unquoted stake pulled the insurer's capital adequacy score down and the outlooks with...
The Commonwealth Bank mandate that ended in January carried 44% of last year's premium, but Helia has held on to a lender contract it expected to lose.
