Data from China's regulator shows P&C premiums grew 6.73% YoY, led by 17.31% rise in Agri; Life & Health grows 10.25%, including 12.75% increase in Life segment.
Ishikawa Prefecture worst hit with over 20,000 claims, as Japanese government estimates total damage from quake between ¥1.1- ¥2.6 trillion (US$7.5-US$17.7bn).
PTI responds to increased loss ratio by tightening health and motor underwriting, yet faces a negative outlook due to recent capital erosion and riskier investment approach.
Baker joins from Aon and will be responsible for growth of the large client segment, focusing on complex risks including energy, cyber, climate, and political.
