Non-life

one-in-200-year-rainfall-hits-south-korea-causing-landslides-and-flash-floods

One in 200 year downpours hit South Korea, causing landslides and flash floods

July 10 2024

Torrential rains in South Korea's southern regions lead to the deaths of five people, thousands evacuated, and widespread disruption.

Aon promotes Marguerita Silitonga to President Director of Reinsurance Solutions for Indonesia

July 10 2024

Silitonga is elevated from her role as Senior Relationship Manager and Treaty Broker.

noel-maccarthy-hangs-up-boots-after-25-years-with-liberty

Noel MacCarthy retires after 25 years with Liberty Mutual

July 10 2024

McCarthy was one of Liberty's first employees in APAC and signficantly shaped the company's casualty insurance business in the region.

pricing-tech-and-consortiums-key-to-capacity-crunch-as-indonesias-mandatory-tpl-looms

Pricing, tech, and consortiums key to solving capacity crunch as Indonesia's mandatory TPL looms

July 10 2024

Motor insurers are anticipating opportunities that will arise from mandatory third-party liability, but changes have the potential to reshape the market.

anziif-signs-key-agreements-in-bid-to-boost-insurance-career-development-in-south-east-asia

ANZIIF signs partnership agreements to boost insurance career development in Southeast Asia

July 10 2024

Australian and New Zealand Institute of Insurance and Finance forges new alliances and offers training to boost learning and development.

Chubb names Marcos Gunn as next Head of Asia Pacific

July 9 2024

Gunn succeeds Paul McNamee who has concurrently been elevated to the role of President of Overseas General Insurance.

Chubb elevates APAC Head Paul McNamee to President of Overseas General Insurance

July 9 2024

Having served as President of APAC since 2016, McNamee will now oversee Chubb's GI operations in 51 countries outside of North America.

mapfre-re-names-alberto-estevez-allegue-as-chief-representative-officer-for-tokyo-office

MAPFRE RE names Alberto Estévez Allegue as Chief Representative Officer for Tokyo office

July 9 2024

Allegue brings over 12 years of experience within the MAPFRE group, including roles in Japan, China, and Madrid.

India may raise foreign direct investment cap further - report

July 9 2024

Authorities reportedly considering increasing FDI cap for insurers beyond the 74% set in 2021.

Lack of new reinsurers signals departure from historical trends: AM Best

July 9 2024

Despite most profitable period in 30 years, market conditions have created barriers for new reinsurance entrants.

Hiscox shares surge amid reported takeover interest from Sompo and Generali

July 9 2024

Insurance Insider reports interest from Japanese and Italian firms, but a source tells Reuters that Generali has no plans to expand in Britain.

Stability returns to Australian property segment in 1/7 renewals

July 9 2024

Benign catastrophe losses over the previous 12 months meant flat, or even reduced pricing, for Antipodean insurers.

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