Friday, April 27, 2018

Singapore

Ex-AIA exec joins HSBC Insurance

Ex-AIA exec joins HSBC Insurance

Alistair Chamberlain, former chief financial officer of AIA, has joined as global head of product and actuarial.

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Beazley appoints Asia-Pacific head

Beazley appoints Asia-Pacific head

Lucien Mounier will oversee growth opportunities in the region for its portfolio of specialist insurance products.

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RKH Specialty targeting Asia expansion

RKH Specialty targeting Asia expansion

Stuart Beatty has been appointed as the company’s regional CEO to build its specialty capabilities in the region.

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JLT Re appoints new head of treaty business in Asia

JLT Re appoints new head of treaty business in Asia

Vinod Krishnan will be responsible for building the company’s treaty reinsurance offering in Korea and South-East Asia.

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Allianz expands entertainment insurance to Asia

Allianz expands entertainment insurance to Asia

Damian Kerin, head of entertainment for Asia Pacific, is overseeing the Singapore launch.

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PolicyPal raises $20m from ICO

PolicyPal raises $20m from ICO

The Singapore insurtech startup raised 23,809 ethereum tokens through its initial coin offering.

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Singapore’s LIA adopts new measures on incentives

Singapore’s LIA adopts new measures on incentives

The proposals cover sales targets, sign-on incentives and the monitoring of representatives.

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Singapore suffers first motor loss in seven years

Singapore suffers first motor loss in seven years

The number of motor accidents increased to its highest level in 2016, resulting in claims of S$60m.

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Chubb names new Singapore head

Chubb names new Singapore head

Scott Simpson will move from Sydney to take up the new role after Adam Clifford transferred to Europe.

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Risk culture still lacking in Asia – EY

Risk culture still lacking in Asia – EY

Less than half of insurers across the region have developed a risk culture or risk conduct framework.

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Great Eastern may sell minority stake in Malaysian unit

Great Eastern may sell minority stake in Malaysian unit

Malaysia’s largest pension fund, Employees Provident Fund, is reportedly in talks to buy the US$1bn stake.

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Swiss Re opens new Asian HQ in Singapore

Swiss Re opens new Asian HQ in Singapore

It has also appointed a new regional board of directors, chaired by Lim Siong Guan, formerly of GIC.

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Chubb appoints two executives for new Singapore division

Chubb appoints two executives for new Singapore division

The new commercial division will include personal risk services, which covers valuables and residential insurance.

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Singapore rates seen to increase in 2017

Singapore rates seen to increase in 2017

Insurance premium rates in the city are still low, but last year was good for the industry, according to Aon.

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Honan Insurance gets MAS nod to acquire NGA Benefits

Honan Insurance gets MAS nod to acquire NGA Benefits

The Australian-owned insurance broking company said the acquisition is part of its continuing investment in South-East Asia.

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JLT Re names new CEO for APAC

JLT Re names new CEO for APAC

Jeremy Fox will also become a member of the Reinsurance Global Executive Committee.

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Chubb names new Singapore bancassurance head

Chubb names new Singapore bancassurance head

Koh Wei Lee’s appointment is in addition to his current role as division head of accident and health.

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Singapore Life buys Zurich portfolio

Singapore Life buys Zurich portfolio

The city’s newest insurer has gone from fintech startup to significant player.

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