Foreign currency-denominated products solidify Japan’s Life Insurance outlook
AM Best maintains ‘Stable’ outlook, taking into account surge in foreign currency-denominated savings products, potentially higher domestic interest rates, and improved core profits.
CDB Aviation receives US$194m settlement for four aircraft stranded in Russia
The payment to the aircraft leasing arm of China Development Group follows US$710m paid to SMBC Aviation Capital earlier this month.
S&P upgrades outlook on China Taiping Insurance Group entities to ‘Stable’
S&P Global Ratings has revised its outlook from ‘negative’ to ‘stable’, citing tightening risk selection, investment-risk control and improved results, particularly in growth generated by TP Group’s life business.
Nguyen Phuong Anh joins Generali Vietnam Life Insurance as Chief Executive Officer
Nguyen Phuong Anh joins Generali from FWD, where she spent seven and a half years.
Howden Ventures unveiled: £500m (US$607m) of underwriting capacity, pathway for insurtechs to become MGAs
Through its new innovation hub, Howden aims to fast-track insurance product development, with capacity to be provided by Lloyd’s underwriters such as Tokio Marine Kiln, Chaucer, and Liberty Specialty Markets.
Kenny Lam returns to Manulife Investment Management as CIO and Head of Transactions, APAC Real Estate
Lam first joined Manulife in 2017 before leaving in 2022; he now returns to take on the expanded responsibility of Chief Investment Officer and Head of Transactions, APAC Real Estate.
Swiss Re Life & Health rebounds post-pandemic
Reinsurer on track to meet US$900 million profit target this year as claims drop off, Life & Health Reinsurance CEO Paul Murray tells SCMP
Sujin Park moves from Swiss Re to Pacific Life Re to lead Underwriting and Claims for Asia
Sujin has two decades of experience, including nearly 16 years at Swiss Re, and moves as Head of Underwriting and Claims Asia.
Jill Comley-Forbes to return to WTW in 2024 to lead New Zealand operations
Comley-Forbes worked at Willis for six years in the early 2000s and will return to lead its NZ operations from January.
Verisk launch solution to provide (re)insurers transparency over potential ‘Cross-Class Clash’ risks
Enterprise Exposure Manager can provide (re)insurers with a better, more comprehensive understanding of the interconnected risks that exist across their portfolios.
