Non-life

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S&P affirms Bangkok Insurance's ratings at A- under revised capital criteria

July 15 2024

S&P retains ratings with a stable outlook, expecting the insurer to maintain its dominance in Thailand's P&C market.

peak-re-elevates-david-menezes-to-chief-risk-officer

David Menezes promoted to Chief Risk Officer at Peak Re

July 15 2024

Menezes joined the reinsurer in 2016 and has been serving as Deputy CRO since September 2022.

Steadfast and AUB enter AM Best’s top 20 global insurance brokers

July 15 2024

The two Australian brokers debut in 17th and 18th by revenue in 2024 rankings, while Gallagher leapfrogs WTW into third.

Thailand's Syn Mun Kong Insurance loses non-life license

July 15 2024

SMK had become insolvent following substantial losses due to COVID-19 policies.

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.

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