Editorial team – (Re)in Asia

Editorial team

AM Best lifts 'under review' status of Taiwan's Hotai Insurance; upgrades outlook to positive

September 15 2023

Hotai has been upgraded to a stable and positive outlook, reflecting the company's successful mitigation efforts and supported by capital injection from parent firm Ho Tai Motor.

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Anthony Dagostino joins AXA XL in newly created Global Chief Cyber Underwriting Role

September 15 2023

Dagostino, founder of cyber insurance firm Converge, steps into the newly created role to spearhead the company's cyber growth.

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ICNZ: Over NZ$2bn paid in Auckland floods and Cyclone Gabrielle claim settlements so far

September 15 2023

New Zealand insurers have settled 64% of claims volume, amounting to NZ$2.05bn (US$1.19bn) of the —newly revised — NZ$3.5bn (US$2.07bn) in claims.

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Markel expands APAC footprint with 3 new Australian offices; appoints AXA XL's Morison as Country Managing Director

September 14 2023

Markel is opening offices in Sydney, Melbourne and Brisbane and has hired industry veteran Rory Morison to head up the country's operations.

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Bowtie closes Series B2 funding round of US$34.9m

September 14 2023

The Hong Kong insurtech raised US$34.9m led by Sun Life Hong Kong Limited and with participation from Mitsui & Co.

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Sumitomo Life to buy Aviva's stake in Singlife for US$1bn

September 13 2023

Aviva will receive US$998m for its equity stake and two debt instruments, with Sumitomo Life increasing its total shareholdings to 49%.

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Fitch maintains Malaysia's P&O financial strength rating despite combined ratio of 133% in FY23

September 13 2023

Fitch Ratings has reaffirmed Pacific & Orient Insurance's IFS rating, citing the firm's strong capitalisation and prudent investment approach, despite stressed profitability and fierce competition...

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Seoul Guarantee Insurance set to go public on November 3rd

September 13 2023

The state-run Korean surety bond and credit insurance provider is set to go public with shares around US$35 each, potentially reaching a market cap of US$2.72bn.

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Moody's RMS establishes cyber steering group; announces significant investment in cyber analytics

September 13 2023

The group includes Munich Re, Gallagher Re and Bitsight and will aim to tackle constraints hindering growth of the cyber insurance market.

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Japanese car dealer Nextage Co.'s President resigns amidst fraudulent insurance scandals

September 13 2023

Koji Hamawaki steps down after scandals involving fraudulent auto insurance contracts as questions grow about the role Hamawaki's previous employer, embattled Bigmotor Co., played in Nextage's business...

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25 September