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Specialty tag returned 161 results

  • Markel drops non-viable lines affected by COVID-19 crisis

    Markel International will cease to write personal accident (covering athletes) and contingency insurance (covering event cancellation or postponement) effective immediately following a strategic review, the specialist insurer said in a statement. The move will also apply to its portfolio across Asia.

    Asia | 19 Jun 2020
  • Pana Harrison and Mitsui partnership signals opportunities for reinsurers in MENA and Asia

    General (re)insurance broker Pana Harrison (Asia) has announced that the Monetary Authority of Singapore has approved Mitsui & Co's investment in the firm. Mitsui is effectively an equity shareholder of Pana Harrison on completion of the transaction.

    Middle East | 15 May 2020
  • Indonesia: Jasindo to help in settling claims related to lost satellite

    Asuransi Jasa Indonesia (Jasindo) is ready to assist in the claims process for the launch and in-flight insurance of the Palapa N1 Nusantara Dua Satellite, owned by client Palapa Satelit Nusa Sejahtera (PSNS).

    Asia | 15 May 2020
  • Upstream energy insurance market remains profitable, but clouds loom

    Overall, the Chinese upstream insurance business remains profitable, according to Su Ke, deputy head of the Energy Department of Willis Towers Watson (WTW) CRB China.

    China | 24 Apr 2020
  • Indonesia: Oil price slump to hit energy insurance business - AAUI

    If the current decline in world oil prices continues, it will affect the energy insurance business, according to the chairman of the Indonesian General Insurance Association (AAUI), Mr Hastanto Sri Margi Widodo.

    Asia | 24 Apr 2020
  • Singapore: Upstream energy insurance capacity pared

    Upstream working capacity in Singapore has reduced significantly since last year, says Mr George Nassaouati, head of Natural Resources Asia at Willis Towers Watson (WTW).

    Asia | 24 Apr 2020
  • Energy: Downstream insurance market is increasingly intransigent

    Now that the downstream insurance market has turned, buyers can expect the current state of affairs to continue for some time yet and should adjust their expectations accordingly, says Mr Steve Gillespie, head of downstream broking at Willis Towers Watson (WTW) Natural Resources in London.

    Middle East | 23 Apr 2020
  • Energy: Current upstream market cohesion on rate increases could break this year

    The upstream market was successful in securing rating increases at a time when capacity was going up from 2008 to 2012, and indications are that there is a rate increase this year, also at a time of increasing capacity, according to an article in "Energy Market Review 2020", published by Willis Towers Watson (WTW).

    Middle East | 22 Apr 2020
  • Middle East: Energy insurance underwriting authority shifts back to London

    The role of the Middle Eastern energy insurance marketplace has experienced a significant metamorphosis during 2019 and the beginning of 2020, which sees a general shift of underwriting authority from the region back to "specialty centres" - which in most cases means the authority moving back to London, says Mr Will Peilow, MEA regional leader, of Downstream Natural Resources GB at Willis Towers Watson (WTW).

    Middle East | 21 Apr 2020
  • Asia: Insurance premium rates rise in downstream energy market

    The downstream insurance market has officially turned, and there is evidence of pure rate increases for Asian clients on all classes of business, says Mr George Nassaouati, head of Natural Resources Asia at Willis Towers Watson (WTW).

    Asia | 21 Apr 2020


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