Specialty

kb-indonesia-assigned-b-good-fsr-bbb-good-long-term-icr-by-am-best

AM Best assigns KB Indonesia's ratings, expects improved stability with rise in premiums, motor business

August 16 2024

KB Indonesia has been assigned ‘B++’ (Good) FSR, and ‘bbb+’ (Good) Long-Term ICR by AM Best.

Stevan Bonic promoted to Technical Underwriting Manager Engineering, Australasia at HDI Global

August 15 2024

Bonic will now oversee both the Northern and Southern Regions in his expanded role.

China’s NFRA sets new solvency rules for online P&C insurers

August 15 2024

New guidelines will make it easier for some insurers to expand their presence, but industry faces restrictions on online specialty and motor policies.

Crawford launches tailored 'Japan Connect' claims handling model

August 14 2024

Model provides Japanese businesses operating across Asia with claims handling tailored to Japanese culture, customs, and etiquette.

Asia Pacific seeing rising demand for engineering insurance solutions

August 14 2024

While there is enough capacity for traditional construction risks, nat cat underwriting remains challenging.

andrew-yeung-appointed-as-head-of-dampo-for-newline-australia

Andrew Yeung appointed as Head of D&O for Newline Australia

August 13 2024

The move marks Yeung's return to Sydney after a decade in Melbourne.

rising-repair-cost-threaten-to-dent-aviation-insurers-profits

Rising repair costs threaten to dent aviation insurers' profits

August 13 2024

Aviation repair costs are on the rise but a drop in ‘mask rage’ has seen cabin disruption claims fall since the Covid 19 pandemic ended.

Lloyd’s and Lloyd’s China's ratings upgraded following improved underwriting performance

August 12 2024

Expense ratio continues to be higher than peers, but actions are being taken to reduce the cost of placing business at Lloyd’s, says AM Best.

eliza-grant-promoted-tohead-of-transactional-risk-at-marsh

Eliza Grant promoted to Head of Transactional Risk, Pacific at Marsh

August 9 2024

Grant joined Marsh in 2022 as Senior Transactional Risk Advisor.

japan-p-and-i-club-reports-lowest-level-of-claims-in-five-years

Japan P&I Club reports lowest level of claims in five years

August 9 2024

Claims fell in 2023 but a challenging global macro and geopolitical outlook means the association raised member premiums in 2024.

Ollie Barcock appointed leader of Aviation Reinsurance for Global ReSpecialty at Aon

August 8 2024

Barcock has been with Aon for over 9 years, focusing predominantly on aviation reinsurance

dual-launches-warranty-and-indemnity-insurance-in-australia-and-new-zealand

DUAL launches Warranty and Indemnity offering in Australia and New Zealand

August 8 2024

Jordan Schwarz, Head of M&A for the MGA, will lead the new line of business from Sydney.

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