Ping An is most valuable insurance brand, again

Ping An is most valuable insurance brand, again

Ping An is most valuable insurance brand, again

Ping An is the world’s strongest and most valuable insurance brand, according to the latest report by Brand Finance, the brand valuation consultancy. Ping An retained its leading position and saw its brand value increase 93% to $50.5bn in 2019. Brand Finance said Ping An is seeing its investment in technology begin to pay off and reap benefits. “To attract…

Sompo adds new life sciences team

Sompo adds new life sciences team

Sompo adds new life sciences team

Sompo International Holdings has formed a new life sciences team within Sompo Global Risk Solutions. Led by Todd Lauer, the new division will offer buyers in the life sciences industry products from its property/casualty range, including product liability, clinical trial liability, property, auto, workers’ compensation, environmental, and product-related errors and omission cover. Products are aimed at US small and middle-market…

April renewals create mixed picture for insurance buyers

April renewals create mixed picture for insurance buyers

April renewals create mixed picture for insurance buyers

Despite the apparent hardening of the insurance market following the April renewals in Japan, it is still possible for commercial risk managers to attain coverage at a good price if they can show a positive risk history and are equipped with sound risk management skills. That is according to a number of leading risk managers. In addition, risk managers have…

Moody’s report examines Japan and China’s solvency regimes

Moody’s report examines Japan and China’s solvency regimes

Moody’s report examines Japan and China’s solvency regimes

Japan and China, the two largest insurance markets in Asia, have taken different approaches to solvency regimes that reflect the unique fundamentals of their markets, according to a new report from Moody’s Investors Service. The report compares China’s insurance solvency regime and Japan’s solvency practice to the European Solvency II regime. It notes that China’s Risk Oriented Solvency System (C-ROSS)…

Moody’s highlights strong capitalisation of Japanese property and casualty insurers

Moody’s highlights strong capitalisation of Japanese property and casualty insurers

Moody’s highlights strong capitalisation of Japanese property and casualty insurers

Capitalisation of Japanese property and casualty (P&C) insurers has remained strong despite a record catastrophe year in 2018, according to Moody’s Japan K.K. It said insurers continue to seek new growth drivers, including overseas, amid declining domestic demand for consumer lines in the long term. Moody’s said strong internal capital generation and the increased use of reinsurance should support the…

Cost of typhoon Jebi to hit $12bn

Cost of typhoon Jebi to hit $12bn

Cost of typhoon Jebi to hit $12bn

The latest estimates from reinsurers suggest that the cost to the insurance industry of Typhoon Jebi could rise to as much as $12bn. Should the estimate prove to be true, it would make Jebi the costliest typhoon to ever hit Japan. It would also be a considerable increase on previous estimates from both reinsurers and risk modelling firms. The typhoon…

New York, London and Hong Kong are top three financial centres

New York, London and Hong Kong are top three financial centres

New York, London and Hong Kong are top three financial centres

New York is still the leading financial centre in the world, followed by London and Hong Kong, according to the 25th Global Financial Centres Index, published by Z/Yen Partners and the China Development Institute. According to the index, New York remains in first place, just seven points ahead of London, with Hong Kong four points behind London in third. Singapore…

Insurance M&A report from Clyde & Co highlights regional growth

Insurance M&A report from Clyde & Co highlights regional growth

Insurance M&A report from Clyde & Co highlights regional growth

The Americas, driven by the US, were once again the most active region for M&A in 2018, according to Clyde & Co’s report, Shifting sands of M&A – A Regional Outlook. It reveals that 11 of the year’s largest deals worldwide involved acquirors based in the Americas. Clyde & Co’s report says that while dealmaking in the Americas will continue…

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