Korean Re posts net income exceeding US$20m for 1Q

Published on June 26, 2023
For the first three months of 2023, Korean Re reported KRW26.3bn ($20.1m) in net income, with a technical result of KRW98.2bn, the reinsurer announced in a statement.
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Chubb Appoints Michael O'Donnell COO of Global Reinsurance

June 26, 2023
Chubb Limited announced the appointment of Michael O’Donnell as chief operating officer of Global Reinsurance. The appointment is effective immediately. He currently serves as division president of Chubb Tempest Re USA. In his new role, O’Donnell will continue to have responsibility for the U.S. operations of Chubb … Continued

Australia: General insurers to repay 5.6m consumers $544m

June 26, 2023
The Australian Securities and Investments Commission (ASIC) is calling on all general insurers to remove unnecessary pricing complexity and fix their systems, practices and controls so they can