Credit

Fitch Ratings assigns first National IFS to Indonesia's BRI Insurance

April 29 2024

BRI Insurance's strong bank partnership and strategic reinsurance approach contribute to 'AA(idn)' rating.

axa-xl-announces-new-asia-underwriting-manager-for-political-risk-credit-amp-bond

AXA XL announces new Underwriting Manager for Political Risk, Credit & Bond

April 19 2024

Singapore-based Hullah joins from MUFG where he was Director, Credit Strategy.

improved-combined-ratio-sees-helias-ratings-affirmed-but-macro-challenges-ahead

Improved combined ratio helps see Helia's ratings affirmed, but macro challenges lie ahead

March 30 2024

Helia proactively reviews underwriting criteria to tackle expected business volume pressures, from factors such as rising mortgage rates.

New US$1.3bn investment facility to support clean energy and infrastructure in Southeast Asia

March 6 2024

Australian Government announces AU$2bn SEAIFF, which will provide loans, insurance, guarantees, and equity for trade and investment in SEA.

fitch-revises-construction-guarantees-outlook-to-stable-affirms-a-rating

Korea's construction sector slowdown, TY E&C concerns impact Construction Guarantee's outlook

March 5 2024

Fitch affirms ratings but downgrades outlook to stable, citing potential for claims due to liquidity issues at Taeyoung Engineering & Construction.

dimitri-plastiras-to-join-canopius-as-underwriter-as-part-of-global-credit-political-risk-hires

Dimitri Plastiras joins Canopius APAC as Underwriter as part of global Credit & Political Risk hires

January 30 2024

Dimitri Plastiras moves from KPMG; Angelos Deftereos, Boris Medimorec, and Virad Patel join the team in London.

Mapfre Re pushes into China casualty and life to diversify nat cat risk

December 7 2023

Regional Chief Exec Javier Sánchez Cea hopes to get onshore branch licence within “months”.

Dominant market position sees Seoul Guarantee Insurance's ratings affirmed with stable outlook

December 5 2023

Fitch affirms 'AA-' ratings for the guarantee and credit insurer, though slight deterioration of combined ratio is expected in 2023.

Gallagher launches brokerage in Taiwan

December 1 2023

Taipei Office will be spearheaded by Taiwan CEO, Brian Wang, who joined Gallagher in 2022 to oversee the market launch.

Indonesian reinsurer Tugure maintains financial strength rating despite underwriting volatility

November 24 2023

Fitch affirms PT Tugu Reasuransi Indonesia's National IFS Rating at 'A+(idn)', but notes volatility from its property and credit insurance segments — which have seen COR rise to 106% in the first nine...

ZhongAn's tech edge cement 'excellent' ratings from AM Best

November 10 2023

ZhongAn's innovative approach and diversified insurance services see ratings affirmed despite 2022 loss.

Five-year combined ratio of 62% sees South Korea's Construction Guarantee Cooperative maintain superior credit ratings

October 24 2023

Despite capital losses in 2022, global rating agency AM Best affirms ratings and maintains stable outlook for the government-designated surety underwriter for general contractors.

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