The acquisition of the Melbourne-headquartered broker will strengthens Marsh's corporate, real estate, and strata presence in Australia and New Zealand.
PGA Sompo's five-year average COR of 52.2% contributes to rating upgrade, which were later withdrawn by the Filipino insurer's decision to discontinue participation in the ratings assessments.
Accident & health and property losses weigh heavily on Hong Kong's GI market in the first nine months of 2023, culminating in a HK$1.4 billion underwriting shortfall year-on-year.
ADB considering establishment of risk facility in Hong Kong, Kazakhstan, Singapore, or Labuan, which aims to manage nat cat impacts for 11 CAREC member nations.
NorthStandard launches Weather Cover under its Strike & Delay class, offering up to eight days cover for ship delays caused by adverse weather conditions.
Despite heightened challenges — including climate risk and social inflation — AM Best's report suggests a stable, yet cautious global reinsurance market with opportunities for increased margins.
Malaysia's Lonpac Insurance maintains 'A' ratings against the backdrop of a stable financial standing and adept navigation of post-pandemic claims surge.
Growth in health, agriculture, and resurgence in motor underpin AM Best's 'stable' outlook for China's non-life sector, but market faces drop in underwriting profit and slowing economy.
Addressing global insurance leaders at the Geneva Association Summit 50, Antonio Huertas stressed the importance of embracing AI responsibly, improving cyber resilience, and an insurance-led approach to...
