AXA XL has appointed Mr Guillaume Parard as head of P&C, Asia, effective 1 January 2025 and Mr Todd Wilhelm as head of specialty, Asia, effective 1 September 2024.
The results of Hyundai Marine & Fire Insurance Co's (HMF) long-term insurance lines are expected to improve from premium rate increases and the company's efforts to improve the medical indemnity loss ratio trend, while both auto and general lines remain relatively stable, said AM Best.
Taishan Property & Casualty Insurance Co (Taishan P&C), in which Germany's ERGO Group has a 24.9% stake, is expected to report better operating results in 2024-2025 on an improvement in underwriting results and a stable investment yield, said Fitch Ratings.
The Nigerian Council of Registered Insurance Brokers (NCRIB) wants all officially approved residential properties in Nigeria to be insured, according to its president, Mr Babatunde Adeleke.
The number of shops in Egypt which have caught fire has increased recently, causing huge financial losses to the shopowners.
The Congolese insurance market posted total premiums of $320m in 2023, compared to a mere $70m in 2018, according to the director-general of the Insurance Regulatory and Control Authority in the DRC (ARCA), Alain Kanyinda.
The total premium production of the Turkish insurance companies in the first half of 2024 jumped by 80.8% compared to the corresponding six months in 2023.
The Insurance Association of China (IAC) has released the "2023 China Insurance Industry Social Responsibility Report". This is the fifth consecutive edition of the report, setting out how the insurance industry has been fulfilling social responsibilities.
China's five major 'A'-share listed insurance companies have announced their proposed dividend distribution for 2023 would amount to CNY75.52bn ($10.4bn) combined.
Continuous portfolio overhaul will likely help Sompo China sustain profitable underwriting, which aligns with the parent group's increasing focus on profitability, says S&P Global Ratings (S&P).