Surety – (Re)in Asia

Surety

Korean guarantee insurance payouts rise as economy falters - report

October 9 2024

Rising interest rates and inflation contribute to record-high guarantee insurance payouts in South Korea.

Bond insurer BAM Mutual expands to ANZ, making its first foray outside of the US

September 18 2024

Andrew Bevan to lead BAM Mutual's new Melbourne office, with a focus on insuring the financing of essential infrastructure.

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.

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.

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.

Jonathan Allard joins Gallagher Re to lead newly created Global Credit & Political Risk team

October 9 2023

The experienced Allard joins from Renaissance Re where he was Vice President of Underwriting.

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28 August