Emerging risks | Growth Opportunities | APAC Insurance
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The results are a marked improvement compared with the US$248 million loss the reinsurer saw in Q1 2022.
The regulator is proposing changes to improve usability and remove ambiguity for Australia’s equivalent of the IFRS 17 accounting standards.
The ‘Unilateral Recognition’ products cover Hong Kong and Mainland China.
Gooderick has over 25 years life insurance experience and will be promoted from her current position as Group Executive, Technology & Development.
P&C, including combined ratio, will remain largely the same. But revenue recognition for its life business will drop by 67% under the new accounting standard.
Mohanty will be Chairman until June 2024 and will then assume the role of Chief Executive until at least June 2025
Acquisition-led growth propelled several brokers up AM Best’s latest global rankings, with Marsh retaining its top spot for a 16th consecutive year.
The Japanese insurer plans to hold less than 50% of the voting rights in the SCOR-run structure, which would pool and diversify risks from both firms.
Reservoir breaches from Typhoon Maysak drove much of the loss, with insurers bracing for more as Typhoon Bavi approaches.
His move caps a run of five leadership hires at the broker’s Asia business this month.
Aviva’s move to acquire its partner’s remaining stake reflects a broader trend of international insurers increasing ownership of Indian operations.
Former THB and Howden executive joins the broker’s regional placement team after returning from retirement.
