Editorial team – (Re)in Asia

Editorial team

Reinsurer credit risk concerns persist for Fubon Insurance, says AM Best

February 5 2024

AM Best lifted 'under review with negative implications' but assigned negative outlook for Taiwanese insure, while Fubon Insurance Vietnam assigned a stable outlook.

wtw-insurance-holdings-pcric-launch-first-fiji-reef-parametric-cover

WTW, Insurance Holdings, PCRIC launch Fiji parametric cover

February 5 2024

Policy is first parametric solution to include Fiji's coral reefs and provides cover up to US$450,000 for reef repair and community aid in the event of a cyclone.

Lao PDR renews parametric flood cover with SEADRIF

February 5 2024

Renewed policy doubles number of flood level triggers to four.

am-best-malaysian-reinsurance-berhads-credit-ratings

AM Best affirms Malaysian Re's 'Excellent' ratings with stable outlook

February 5 2024

Despite nat cat exposure, Malaysian Re set to benefit from portfolio remediation, geographical diversification, and stable investment approach.

MAS proposal looks to simplify purchase of life and critical illness policies

February 2 2024

MAS seeks feedback on proposal to reduce information required for insureds to obtain coverage.

FWD Group trims workforce by 50 in push toward profitability - report

February 2 2024

Anonymous sources told Reuters that workforce has been trimmed by 50, primarily affecting its Hong Kong and Singapore operations.

perils-final-loss-estimate-for-auckland-anniversary-weekend-floods-hits-nzd-2-23bn

PERILS's final industry loss estimate for Auckland Anniversary Weekend Floods hits NZ$2.23bn

February 2 2024

Fourth and final insurance loss estimate reaches NZ$2.23bn (US$1.37bn), a 10% increase from PERILS third estimate in August.

Sunshine Insurance Group maintains credit ratings amid strong Life and P&C performance

February 2 2024

Chinese insurer's 1H 2023 sees 37% NBV increase and 97% COR, but Fitch warns of significant holdings of high-risk assets.

marsh-new-zealand-names-sammie-chan-as-asia-client-services-leader

Marsh launches Asia Client Services in New Zealand with appointment of Sammie Chan

February 2 2024

Chan joins from WTW in the role of Asia Client Services Leader, as Marsh expands the specialty practice in APAC.

Xavier Lo promoted to Director role at AXA Hong Kong and Macau

February 2 2024

Lo takes up new position as Operational, Information Risk Management and Internal Control Director at AXA.

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