Non-life

chongqing-struck-by-floods-as-china-reports-us13bn-in-nat-cat-losses-in-h1-2024

Chongqing struck by floods as China reports over US$13bn in nat cat losses in H1 2024

July 14 2024

Chongqing's record rainfall is the latest in a series of extreme weather events that have affected 33 million people in China this year.

ocbcs-increases-stake-in-great-eastern-to-93-52-at-close-of-offer

OCBC increases stake in Great Eastern to 93.52% at close of general offer

July 13 2024

Stake below 98.87% threshold for compulsory acquisition, but OCBC said it will not take steps to maintain public listing if free float requirements are unmet.

South Korea's insurers see capital adequacy ratios fall 8.6pp in Q1 2024

July 13 2024

Market and op risks have seen required capital to rise in Q1.

Aspen looks to advance AI and data strategy with launch of Data Labs

July 12 2024

Specialty (re)insurer launches Aspen Data Labs to advance its data and AI initiatives.

AXA XL expands Australian team with appointments of Kaur and Anthony

July 12 2024

(Re)insurer appoints Sugra Kaur as Senior Underwriter, Casualty and Rhys Anthony as Senior Claims Specialist, Property.

fitch-affirms-zhonglu-pcs-rating-amid-insurer-efforts-to-grow-non-motor-lines

Fitch affirms Zhonglu P&C's rating as insurer eyes non-motor line growth

July 12 2024

Insurer looking to diversify portfolio, but cat exposure presents risks.

berkley-insurance-asia-promotes-hank-yeo-to-financial-lines-senior-underwriter

Berkley Insurance Asia promotes Hank Yeo to role of Financial Lines Senior Underwriter

July 12 2024

Singapore-based Yeo has been with the business since 2020.

Tokio Marine reportedly suffers data breach

July 12 2024

Attack on an outsourced firm's server may have compromised the personal data of 63,200 policyholders.

Everest promotes Harry Townsend to Chief Ceded Reinsurance Officer

July 12 2024

Townsend sees role elevation six months after joining Everest as Head of Ceded Reinsurance, International.

Insurance claims for June floods in southern China reach US$440m: NFRA

July 12 2024

Insurers have received 95,000 claims, with 1.1bn yuan (US$151m) in payments and pre-payments isssued so far, says regulator.

price-fixing-controversies-fail-to-hinder-profit-surge-for-japans-non-life-insurers

Japan's big 3 non-life insurers see FY23 profits surge despite year of probes and controversies

July 11 2024

Reduced cat losses, overseas performance contribute to profit results, but GIA Chairman says changes are needed on industry fundamentals.

Australian regulators issue final rules for Financial Accountability Regime

July 11 2024

ASIC and APRA release final update for the FAR, which is will go live for insurers from 15 March 2025.

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