Thailand’s non-life 2023 underwriting profit at US$380m after US$1.5bn loss in 2022: AM Best

Tune Protect’s insurance revenue up 4% to US$87.2m in FY24

Net insurance service result more than doubled to US$672,290, mainly attributable to improvement in the acquisition cost due to changes in the company’s portfolio mix, as well as a lower reinsurance ratio.

Munich Re names Hanh Nguyen head of treaty P&C underwriting for Southeast Asia, India

Nguyen has been deputy head since July, and will succeed Joachim Zagrosek on March 1.

Australia’s higher premiums may stifle new policy growth, lead to underinsurance: S&P Global

Insurance is already very costly in Australia’s high-risk areas, and premiums are unlikely to fall anytime soon, S&P Global Ratings said in a report.

Auto-fac market ‘not yet at scale for treaty purchase’, but ‘not dumping ground for bad risks’

Facility is emerging as a vital instrument to place risks that do not fit into existing treaties, Gallagher Re, Markel and Swiss Re say.