Asia Pacific
-
China Taiping has been identified as the building owner’s insurer. -
The London-based MGA will begin underwriting its international book next month.
-
The carrier is currently focused on ~$1bn bolt-on acquisitions.
-
The carrier boosted net premiums by 45% and shaved 2 points off its expense ratio.
-
The improved combined ratio was driven by lower losses and expenses.
-
The international segment’s net written premium contracted 5%.
-
Stephenson will start his new role in early 2026.
-
APAC now represents roughly 15% of all Lloyd’s premium.
-
AIG has agreed to pay Everest $10mn per month for nine months for transition services.
-
The company’s stock fell nearly 9% as the market digested news of an ADC, renewal rights deal and reserve charge.
-
The buy-in can be seen as a “flip” bet on a rebound in appetite for carrier M&A.
-
The global insurer will pick up a $650mn portfolio of US casualty business.
