Skip to content
6 March 2015
The general casualty and directors’ and officers’ (D&O) segments remain competitive in the Asia-Pacific region as local, regional and global players fight it out for market share.
But a review by Guy Carpenter of reinsurance renewals finds some significant increases within the segment.
All Asia-Pacific markets reported declining rates at renewal for D&O insurance, except for China and Taiwan. Chinese companies with US exposure saw rate increases of 10%-50% after a spate of class actions against Chinese companies that did reverse mergers.
Investors who have lost money have launched actions alleging misleading information or fraud in financial statements.
In Taiwan, D&O rates rose by 20%-40% due to underwriters reducing capacity and requiring higher deductibles.
Guy Carpenter says rates fell by 5%-10% last year in the general casualty business, and the region is expected to remain competitive this year.
Professional indemnity premium levels remain stable.
Catastrophe excess of loss reinsurance rates saw no increase or up to a 10% rise for loss-free programs at the January renewals while loss-affected programs increased by 20%.
4 March 2015
12-month contract for an experienced Commercial Lines Underwriter
27 February 2015
2 Positions - Orange and Young I Manage existing clients and excellent growth opportunities I Competitive salary commensurate with experience
25 February 2015
We are seeking a highly motivated sales enthusiast to join our young growing organisation.
25 February 2015
Exciting opportunities available with one of regional Australia's leading Insurance Brokers! Both Branch Management and new Broking Account Management roles are available. We are building for growth and want motivated Insurance Broking Professionals to join our team.
23 February 2015
Terrific role for an ambitious broker with the drive and ability to progress quickly in the right environment! Great manager and long term opportunities.
19 February 2015
Opportunity to lead a committed team of professional insurance account managers with a focus on retention and business development.