Marine mutual spending over $3 on payouts and opex for every $2 coming from premiums, after taking hit from biggest-ever domestic payout and yen depreciation
The decision follows a strategic review of business written through the Singapore coverholder by Lloyd’s managing agency, Argenta Syndicate Management Limited
Specialty insurer expands global transactional liability business with senior hire from Liberty Global Transaction Solutions
Broker hires Aon's David Cousar to drive facultative reinsurance growth in Asia and Australia
ICA says total insured losses for the flooding in February and March topped A$5bn last month
The appointment will expand her current role as director of construction for the market
Legacy specialist names Loh Wei-Lin and Luann Petrellis as new regional heads
Insurers have received almost 8,500 claims, as heavy rainfall is expected to continue, Insurance Council of Australia says
Tokyo-based Lead specialises in hull, war risks and protection and indemnity insurance
Purchase of corporate broker Wallace McLean provides strategic growth platform in the Pacific region
Hong Kong-based reinsurer sees premiums climb 9% to $2.1bn in 2021, supported by growth in the Americas and Europe, the Middle East and Africa
Addition of Cigna’s businesses will boost Chubb’s total Asia-Pacific premium volume from around $4bn to $7bn
Concerns about inflation, the threat of global recession coupled with reduced catastrophe capacity made the July 1 renewal season particularly challenging and leading to ‘stresses not seen for several years’, Gallagher Re says
Buyers faced ‘a near-perfect storm’ at the June and July reinsurance renewal season as capacity tightened while cedants sought higher limits
Marine mutual sees $32m jump in payouts amid record-breaking claims and considerable rise in coronavirus-related payouts
Reinsurance broker inks preferred broker agreement with Mahindra Insurance
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