P&C – InsuranceAsia News https://insuranceasianews.com/industry_segments/pc/ Mon, 15 Dec 2025 07:20:45 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 Starr International Insurance Thailand to benefit from stronger underwriting, business transformation: AM Best https://insuranceasianews.com/starr-international-insurance-thailand-to-benefit-from-stronger-underwriting-performance-and-successful-business-transformation-am-best/ Mon, 15 Dec 2025 07:01:10 +0000 https://insuranceasianews.com/?p=206910 AM Best upgrades rating to A (Excellent) with a stable outlook, citing improved operating performance, strongest‑level risk‑adjusted capitalisation and continued support from Starr Group.

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Starr International Insurance Thailand (SIIT) has strengthened its operating performance on the back of its ongoing business transformation, according to AM Best.
The Thai insurer’s underwriting resul...

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]]> Chubb appoints Chris Colahan as head of APAC commercial property and casualty https://insuranceasianews.com/chubb-appoints-chris-colahan-as-head-of-apac-commercial-property-and-casualty/ Sun, 14 Dec 2025 23:13:26 +0000 https://insuranceasianews.com/?p=206865 Colahan will join Chubb in February from AIG, where he has been regional president for APAC since 2023.

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Chubb has appointed a senior AIG executive as its new head of commercial property and casualty for Asia Pacific, according to a statement on Monday.
In the statement, Chubb said that Chris Colahan (pi...

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]]> Mitsui Sumitomo to get WR Berkley board seat after 12.5% stake acquisition https://insuranceasianews.com/mitsui-sumitomo-to-get-wr-berkley-board-seat-after-12-5-stake-acquisition/ Mon, 08 Dec 2025 03:05:18 +0000 https://insuranceasianews.com/?p=206296 Following the US$3bn share buy, Japanese carrier is likely to nominate a board member by March, as per an earlier agreement.

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Japanese carrier  Mitsui Sumitomo Insurance (MSI) is likely to get a seat on the board of WR Berkley following its acquisition of a 12.5% stake in the US insurer, as per the terms of an agreement with...

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]]> Wang Fuk Court unlikely to alter China Taiping’s rating fundamentals: AM Best https://insuranceasianews.com/wang-fuk-court-unlikely-to-alter-china-taipings-rating-fundamentals-am-best/ Fri, 05 Dec 2025 08:21:04 +0000 https://insuranceasianews.com/?p=206212 Rating affirmed the carrier’s ratings as it is well-positioned to manage the claims, supported by its parent company and prudent reinsurance arrangements.

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AM Best has affirmed China Taiping’s (Hong Kong) financial strength rating of A (Excellent) as it expects that the Wang Fuk Court fire is unlikely to change the rating fundamentals of the company over...

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]]> IAG hires Phillip Gibson as CEO of New Zealand https://insuranceasianews.com/iag-hires-phillip-gibson-as-ceo-of-new-zealand/ Thu, 04 Dec 2025 23:42:13 +0000 https://insuranceasianews.com/?p=206131 Former Aviva Canada executive will join IAG New Zealand in March, replacing Amanda Whiting.

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Australian insurer IAG has chosen Phillip Gibson as its CEO of New Zealand, according to a statement on Friday.
IAG said that Gibson’s (pictured) appointment as CEO of IAG New Zealand would be effecti...

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]]> Hong Kong fire losses manageable for sole insurer China Taiping: Fitch https://insuranceasianews.com/hong-kong-fire-losses-manageable-for-sole-insurer-china-taiping-fitch/ Thu, 04 Dec 2025 09:21:46 +0000 https://insuranceasianews.com/?p=206108 Strong state-linked support, diversified operations and solid capital alongside extensive reinsurance underpin the view that net losses from the deadly fire at Wang Fuk Court will remain within rating sensitivities.

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Fitch Ratings expects the Wang Fuk Court fire in Hong Kong to result in a surge in near-term claims, but they are unlikely to affect the rating of China Taiping Insurance, whose Hong Kong-based subsid...

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]]> APAC non-life insurers to remain stable in 2026 as capital strength offsets regulatory, catastrophe pressures: Fitch https://insuranceasianews.com/apac-non-life-insurers-to-remain-stable-in-2026-as-capital-strength-offsets-regulatory-catastrophe-pressures-fitch/ Thu, 04 Dec 2025 06:22:06 +0000 https://insuranceasianews.com/?p=206072 Stable margins and strong solvency expected, Fitch says, with disciplined pricing and steady reinsurance support underpinning a neutral outlook.

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Non-life insurers in Asia Pacific are expected to maintain a resilient performance in 2026, supported by stable operating margins and strong solvency buffers, although evolving capital reg...

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]]> Tai Po fire to further erode Hong Kong’s P&C underwriting margins, cause recalibration of risk retention, pricing policies: S&P https://insuranceasianews.com/tai-po-fire-to-further-erode-hong-kongs-pc-underwriting-margins-cause-recalibration-of-risk-retention-pricing-policies-sp/ Tue, 02 Dec 2025 08:13:34 +0000 https://insuranceasianews.com/?p=205877 Deadly incident is likely to further reduce the earnings for P&C insurers following extreme weather earlier in the year.

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The deadly fire in Tai Po is expected to lead to further erosion of the underwriting margins of Hong Kong’s P&C insurers following extreme weather events earlier in the autumn, according to S&...

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]]> Johanna How returns to Miller as P&C broker https://insuranceasianews.com/johanna-how-returns-to-miller-as-pc-broker/ Fri, 14 Nov 2025 01:52:11 +0000 https://insuranceasianews.com/?p=204527 Singapore-based How brings over eight years of experience in the insurance and reinsurance industry.

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Specialist (re)insurance broker Miller has appointed Johanna How as a property and casualty broker in Singapore, according to a LinkedIn update.
How (pictured) brings over eight years of experience in...

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]]> Ongoing reserve adjustments, slow business growth to hurt Eka Lloyd: Fitch Ratings https://insuranceasianews.com/ongoing-reserve-adjustments-slow-business-growth-to-hurt-eka-lloyd-fitch-ratings/ Mon, 10 Nov 2025 06:33:11 +0000 https://insuranceasianews.com/?p=204222 Global rating agency downgrades PT Asuransi Eka Lloyd Jaya’s insurer rating to BBB (idn) from BBB+(idn).

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Fitch Ratings has downgraded PT Asuransi Eka Lloyd Jaya’s (Eka Lloyd) insurer rating to BBB (idn) from BBB+ (idn), citing sustained capital weakness stemming from ongoing reserve adjustments and a slo...

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