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Property & Casualty tag returned 1486 results

  • US$800bn variance between best and worst Belt & Road forecasts

    China's Belt and Road Initiative (BRI) continues to evolve significantly, with more investments beginning to move across to multilateral development banks, and through partnerships with countries such as Japan. However, the geopolitical backdrop remains challenging, with the ongoing Sno-US trade war creating an atmosphere of caution and projects taking longer to get signed off and underway, says global law firm Baker McKenzie in a commentary on its website.

    China | 13 Sep 2019
  • Insurer caught up in debt problems of shareholder

    A block of 9.9% of the shares of Qomolangma Property & Casualty Insurance will be put up for auction on 5 October. The stake has an estimated value of CNY85.6m ($12.1m).

    China | 13 Sep 2019
  • Japan: (Re)insurance losses from Typhoon Faxai expected to be high

    Still reeling from previous Nat CAT losses, Japan was once again struck by another Nat CAT earlier on Monday when the powerful Typhoon Faxai struck Tokyo and nearby regions, signifying a potential for relatively high insurance losses as the country gets ready to host the Rugby World Cup later this month and the 2020 Tokyo Olympics next year.

    Asia | 12 Sep 2019
  • China: Outlook on non-life market remains negative - AM Best

    International credit rating agency AM Best is maintaining its negative outlook on the China non-life sector, owing to persistent pressure on the motor business, execution risks as the market turns toward a non-motor-focused business model and the industry's dependence on investment returns to support earnings.

    Asia | 12 Sep 2019
  • South Korea: Language barrier curbs insurance sales to expats

    Language remains a major barrier to foreigners signing up for insurance policies in South Korea despite a steady rise in foreign residents in the country.

    Asia | 12 Sep 2019
  • Australia: Profitability for commercial lines under pressure despite hardening rates

    Despite the hardening market for commercial property insurance, underwriters are struggling to achieve rate increases at the level required to restore profitability in the short term, says Taylor Fry, an analytics and actuarial consulting firm.

    Asia | 11 Sep 2019
  • New general manager and president to lead Starr China

    American insurer Starr Insurance Companies has appointed Dr Haoming Zhou as general manager and president of Starr China Property and Casualty Insurance with effect from 2 September 2019, subject to regulatory approval.In his new role, Dr Zhou will be based in Shanghai and brings over 20 years of insurance industry experience.

    Asia | 09 Sep 2019
  • Senegal: Insurance market expands by 7% in 2018

    Preliminary financial figures for the insurance sector in Senegal show for 2018 that the 29 insurers in the country posted a premium income of FCFA174.36bn ($296m), an increase of 7.3% over 2017.

    Africa | 09 Sep 2019
  • Kenya: Non-life insurance sector continues to show underwriting losses

    The underwriting loss in the non-life insurance sector in Kenya, covering 14 classes of risks including medical, fire and motor, has increased by more than 50% to KES2.87bn ($27.9m) for 2018 compared to KES1.01 for 2017.

    Africa | 09 Sep 2019
  • South Africa: Sanlam eyes insurance venture in Egypt within 12 months

    South Africa's largest insurer Sanlam could invest in Egypt in the next 12 months, CEO Ian Kirk told Reuters last week, following interim results bolstered by its pan-African strategy.

    Africa | 09 Sep 2019

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