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Property & Casualty tag returned 1489 results

  • Kenya: Insurance industry is upbeat about prospects for this year

    The insurance sector in Kenya is optimistic that there would be a rebound this year after some insurance companies posted impressive results for the 2019 half-year.

    Africa | 16 Sep 2019
  • Saudi Arabia: Questions abound over impact of drone strikes on oil facilities

    Saudi Arabia cut its oil output by half on Saturday after Yemen's Houthi rebels claimed responsibility for a drone attack on two oil facilities in eastern Saudi Arabia.

    Middle East | 16 Sep 2019
  • Egypt: Insurance body examines insurance for inbound tourists

    The Insurance Federation of Egypt (IFE) is studying the issue of insurance coverage for inbound tourists.

    Middle East | 16 Sep 2019
  • 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

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