Reih Angeles is Deputy News Editor at (Re)in Asia, steering the desk's breaking coverage of Asia Pacific insurance and reinsurance. Areas of specialty include insurer and life results, reinsurance and catastrophe losses, cyber, and regulatory change across India, Korea, China and Hong Kong.
China Life, PICC, China Taiping, Sinosure, and China Re will take up to CNY70bn (US$10.4bn) of a CNY360bn recapitalisation that also covers three state banks.
XS Global has appointed former Gallagher Re Asia-Pacific chairman Mark Morley as managing director, Asia Pacific Treaty, the independently owned MGA announced on Friday.
Morley joins after more than...
Strong underwriting results and investment income are expected to keep returns resilient despite growing competition, casualty reserve uncertainty and elevated catastrophe risk.
Commercial lines and higher sums insured are supporting premium growth, while conservative asset allocation is helping insurers absorb equity-market volatility.
The DFS review also called for stronger performance monitoring, wider digital adoption and improved customer grievance handling across the state-owned insurers.
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