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Property & Casualty tag returned 1330 results

  • Generali strengthens underwriting capabilities with new appointment

    Generali Global Corporate & Commercial (GC&C) has appointed Mr Dawood Yeung as Asia head of engineering underwriting with effect since 1 June. He has been with the insurer for the last 15 years, having joined in 2004 as an engineering senior manager.

    Asia | 17 Jul 2019
  • Saudi Arabia: National reinsurer leads insurance sector in profit growth in 1Q

    Saudi Arabia's only locally incorporated reinsurer Saudi Re was ahead of direct insurers in the Kingdom in terms of profit growth in 1Q.

    Middle East | 17 Jul 2019
  • Indonesia: Listed insurers see little trading in their stocks on the bourse

    Stocks of listed insurers see little action on the bourse, with the situation attributed to the low number of outstanding shares from insurance companies listed on the Indonesia Stock Exchange.

    Asia | 17 Jul 2019
  • New CEO for general insurer's Malaysian operations

    Mr Junior Cho has been appointed as the CEO of Zurich General Insurance Malaysia (ZGIMB) with effect from 15 July 2019 and succeeds Mr David Fike who has now assumed a regional role within Zurich Insurance Group. In his new role, Mr Cho will drive the insurer's business strategies for its general insurance business in Malaysia and will report to its board of directors.

    Asia | 16 Jul 2019
  • Turkey: New economic blueprint proposes measures to boost insurance

    An economic road map unveiled by the Turkish government last week includes several measures related to the insurance and pension sectors. The Eleventh Development Plan was submitted to the Turkish Parliament on 8 July after it had been approved by President Recep Tayyip Erdogan. The plan covers the years between 2019 and 2023, and serves as a guide to improving the Turkey's economy.

    Middle East | 16 Jul 2019
  • Nigeria: Insurance market sees premiums jump by 10% in 2018

    Premium income in the Nigerian insurance sector rose by 10% to NGN400bn ($1.1bn) in the 2018 financial year, according to the Nigerian Insurers Association (NIA).

    Africa | 15 Jul 2019
  • UAE: Failed rocket and satellite insured for US$416m

    The combined insurance policy for the rocket and satellite that failed minutes after takeoff last week totalled EUR369m ($416m), reported Reuters.

    Middle East | 15 Jul 2019
  • Sri Lanka: General insurers see business expand in 2018, but at slower pace

    General insurers saw more opportunities and challenges in 2018 because of a mix of various factors such as an increase in vehicle registrations and a decline in construction business, according to the Statistical Review for 2018 presented by the Insurance Regulatory Commission of Sri Lanka.

    Asia | 15 Jul 2019
  • UAE: Local insurers contribute 80% of total net profits

    The total net profit of all insurance companies operating in the UAE for 2018 stood at about AED2bn ($544m) with locally owned insurers accounting for 80% of the total and foreign-owned insurers, 20%, according to the annual report of the UAE Insurance Authority.

    Middle East | 14 Jul 2019
  • Think tank lists issues which insurers need to address

    An economic think tank has highlighted several issues in the Chinese insurance industry that need to be addressed, including the low contribution of insurance to the financial sector and the rising claim ratio.

    China | 12 Jul 2019

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