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Property & Casualty tag returned 1327 results

  • 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
  • XiongAn area in Beijing-Tianjin-Hebei economic triangle beckons insurers

    Ping An Property Insurance has secured a major contract to provide cover of over CNY3.2bn ($466m) for the new Zhangbei-XiongAn leg of the national grid engineering project, thus whipping up a frenzy among insurers eager for business in the new development zone of XiongAn.

    China | 12 Jul 2019
  • African Swine Fever disrupts Chinese pork supply

    The spread of a deadly pig disease in China that has disrupted the world's biggest pork market is one of the major risks to a well-supplied global agricultural sector, reported Reuters citing a report released by the Organisation for Economic Co-operation and Development (OECD) and the United Nations' Food and Agriculture Organization (FAO).

    China | 12 Jul 2019
  • China: Regulator releases some details of Anbang transfer

    Dajia Insurance Group will set up a property and casualty unit to take over part of the assets of financially-stricken Anbang Insurance, the CBIRC has said.

    Asia | 12 Jul 2019

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