COSCO SHIPPING Captive Insurance has ratings affirmed, benefiting from strong support from its parent company and having registered net profits annually since inception.
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.
Despite a spike in nat cat losses and financial market volatility, APAC reinsurers saw a 8.1% increase in new written P&C premiums in 2022 and are expected to have further growth.
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.
AM Best estimates the flooding in Hong Kong and the Pearl River Delta, caused by 1-in-500 year downpours, will result in losses similar to those caused by Typhoon Mangkhut — which could be billions of...
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...
