Investments led to wider operating deficit, but Fitch maintained rating due to reduction in underwriting deficit, strong capital, and continued support from its parent company.
Data from APRA show costs for public liability and professional indemnity premiums are skyrocketing, however a change in accounting methods could be a factor.
In May, BYD was granted approval for the purchase of Yi’an Property and Casualty Insurance and insiders suggest its latest move means its nearly ready to enter China's motor insurance market.
Despite large commercial and natural disaster losses, strong results achieved thanks to new coinsurance product along with global market hardening.
Gallagher Re's renewal-focused publication provided global insight into the Apr renewal season, including a specific focus on Japan.