Tuesday, December 12, 2017

Singapore

Etiqa completes acquisition of Indonesian insurer

Etiqa completes acquisition of Indonesian insurer

Maybank’s wholly-owned insurance arm has completed its acquisition of Asuransi Asoka Mas for US$15.35m.

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DBS and Chubb ink 15-year regional distribution deal

DBS and Chubb ink 15-year regional distribution deal

The bancassurance agreement covers five markets: Singapore, Hong Kong, Taiwan, Indonesia and China.

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Singapore bond issuers urged to take up insurance

Singapore bond issuers urged to take up insurance

Such policies would pay for the costs of calling for meetings and legal and financial advisory fees.

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HDI Global SE appoints new Singapore head

HDI Global SE appoints new Singapore head

Graham Silton will take over from Nicholas Cheng, who is retiring at the end of the year.

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XL Catlin strengthens Asia casualty capability

XL Catlin strengthens Asia casualty capability

Elishe Quek and Alice Chong join as casualty underwriters from AIG to take up positions in Singapore and Hong Kong.

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Chubb appoints two Asia-Pacific cyber executives

Chubb appoints two Asia-Pacific cyber executives

Andrew Taylor in Sydney and John DePeters in Singapore take up new regional cyber underwriting roles

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Aviva Asia launches Vietnam subsidiary

Aviva Asia launches Vietnam subsidiary

The insurer considers Vietnam a market with high growth potential and Asia as a region of strategic importance.

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Singapore sees first digitised direct insurance broker

Singapore sees first digitised direct insurance broker

Startup app PolicyPal will begin operating under its subsidiary BaoXianBaobao this week.

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Willis Towers Watson hires P&C consulting head for S Asia

Willis Towers Watson hires P&C consulting head for S Asia

David Maneval will be responsible for developing the non-life insurance consulting practice across Singapore, Thailand, Indonesia, Malaysia and Vietnam.

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Prudential, Great Eastern name new Singapore hires

Prudential, Great Eastern name new Singapore hires

Roy Lim becomes chief agency officer for Prudential while Wee Ai Ning is promoted to CIO at Great Eastern.

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Mitsui Sumitomo to buy Singapore’s First Capital

Mitsui Sumitomo to buy Singapore’s First Capital

The deal will see it pay US$1.6bn to the existing owner, Canada’s Fairfax Financial Holdings.

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Chubb names new Singapore financial lines head

Chubb names new Singapore financial lines head

Johannes Gschossmann will lead day-to-day management of the portfolio, including all underwriting and market-related activities.

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AXA appoints new CEO for Singapore unit

AXA appoints new CEO for Singapore unit

Jean Drouffe takes over the reins from Doina Palici-Chebab, who has been promoted to the position of interim regional CEO of AXA Asia.

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Singapore’s life market keeps on growth track

Singapore’s life market keeps on growth track

Momentum in the second quarter was supported by a surge in sales of annual-premium products.

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Markel adds political risk underwriter in Singapore

Markel adds political risk underwriter in Singapore

Alex Holcroft joins the political risk and structured trade credit business from Sompo Canopius.

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New products needed to close protection gap, says MAS

New products needed to close protection gap, says MAS

New ideas are required to reduce the financial impact of natural disasters in Asia, says Singapore regulator.

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Asian health insurance among world’s most expensive

Asian health insurance among world’s most expensive

Hong Kong, Singapore and China are among the top five most expensive locations for international health insurance.

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Mandatory insurance for doctors pushed in Singapore

Mandatory insurance for doctors pushed in Singapore

The Singapore Medical Council and health ministry are lobbying for insurance that will protect physicians.

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