Non-life

zurich-nab-paterson-from-nib-for-chief-claims-officer-role

Zurich nab Paterson from nib for newly created Chief Claims Officer role

June 13 2023

Paterson was Group Chief Operations Officer at nib and will be be responsible for Zurich's claims teams across Life, Group Life and General Insurance.

Bruno Laval named as Chief Commercial Officer for Everest International

June 13 2023

Laval will be responsible for the company’s international market and distribution strategy.

Taiwan's Fubon Insurance needs to navigate reinsurance credit risk despite May US$519m capital injection

June 12 2023

Despite two capital injections worth US$1bn and a return to net profit, Fubon's credit ratings remain under scrutiny due to money owed from reinsurance counterparties.

hyundai-marine-fire-insurance-maintains-am-bests-financial-strength-and-credit-ratings-despite-capital-pressure-caused-by-rising-interest-rates

Hyundai Marine & Fire maintains financial strength and credit ratings despite capital pressure caused by rising interest rates

June 12 2023

AM Best has assessed that the South Korean insurer's robust capitalisation plus the implementation of IFRS 17 should allay worries about valuation losses in its securities.

irdai-gives-green-light-for-digital-pc-insurer-go-digit-to-provide-life-insurance

IRDAI gives green light for Indian P&C insurer to receive life licence

June 11 2023

Go Digit is broadening its scope by venturing into the life market while maintaining its aim to go public.

Mitsui Sumitomo maintains superior financial strength and credit ratings from AM Best

June 11 2023

The Japanese insurer, owned by MS&AD Insurance Group, has maintained an average combined ratio of 94.1% over the last 5 years.

Aioi Nissay Dowa Japan and China have credit ratings affirmed by AM Best despite equity and business concentration risks

June 11 2023

Both entities have held combined ratios in the mid-90's over the last five years, though some low-risk concerns are on the horizon.

aon-launches-pricing-platform-a-risk-selection-and-analytics-solution

Aon launches new risk selection and analytics solution

June 11 2023

The software solution, named Pricing Platform, has been designed to help insurers create tailored models and access information quickly.

asic-provides-relief-to-insurers-from-certain-transaction-confirmation-requirements

ASIC provides regulatory relief for some confirmation requirements

June 9 2023

The Australian regulator introduced two instruments to bypass confirmation requirements in cases of policyholder death and recurring benefit claim payments.

PT Asuransi Tokio Marine Indonesia, operating at a CR of 84%, maintain excellent financial strength and credit ratings from AM Best

June 9 2023

It's expected the Indonesian insurer's strong balance sheet and excellent operating performance will remain stable for the foreseeable future.

china-establishes-board-for-shanghai-reinsurance-trading-hub-unveils-new-rules-and-says-new-digital-trading-system-is-on-the-way

China establishes board for Shanghai reinsurance trading hub, unveils new rules and says new trading system is on the way

June 9 2023

The newly established NFRA is working swiftly to transform Shanghai into a prominent international reinsurance center.

AXA and Capco partner on climate risk management reporting solution

June 8 2023

AXA Hong Kong and Macau have announced a strategic partnership with management consultant Capco to provide a comprehensive climate-related, risk management and reporting solution for financial institutions...

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