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- May 20 2024
Chinese regulator fines Ping An P&C for internal control failures, fund misuse
The fines were imposed on the company as well as 12 "responsible" employees over a range of violations including internal failures and inappropriate or illegal fund allocations, according to the regulator.
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- May 20 2024
Aon hires enterprise client leaders for Japan and Greater China
Okuyama and Li will focus on building relationships and expanding client portfolios for the global broker in the region.
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- May 20 2024
Opinion: Will Lloyd’s move really bring about the end of the cyber wordings war?
In a bid to calm frayed nerves, Lloyd's introduced phase out dates for non-compliant covers and target dates for what the market considers to be acceptable cover for policies affirming war-related coverage.
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- May 20 2024
Fairfax-backed Go Digit’s US$314m India IPO fully subscribed
The IPO was 9.6 times subscribed at the close of bookbuilding and is slated for trading on May 23.
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- May 17 2024
Axa XL elevates Robert Riha to chief client and distribution officer for APAC and Europe
Riha will relocate from Singapore to Dublin and lead the company’s broker engagement and marketing activities.
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- May 17 2024
Contentious losses: Evidence-led forensic investigations stand the test of time
Even minor cracks in evidence capture will become exposed when it comes to recovery and repudiation. Forensic investigations form part and parcel of many insurance claims in the Asia-Pac region. Whether a loss is complex, costly, or if there are expected to be questions down the line around causation and liability, insurers and their loss […]
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- May 17 2024
Gallagher Insurance New Zealand promotes Sharon Eloff to senior claims manager
Eloff joined the broker in September 2021 as a claims manager following an over six-year stint at IAG.
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- May 17 2024
New South Wales April storms insured claims at US$117m: ICA
Three extreme cat events since Christmas have caused US$1bn in insured damages across Queensland, New South Wales and Victoria.
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- May 17 2024
Starr Insurance launches in Korea with Paul Choi in charge
Choi was formerly Aon Korea's chief broking officer and has been named CEO of the insurer's new branch in Seoul.
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- May 17 2024
Allianz Partners charts APAC expansion with India reinsurance, retail lines in focus
The embedded assistance and specialty retail insurance business is betting on expanding travel, mobility and reinsurance operations to drive growth across multiple regional markets.
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- May 17 2024
Beat Strebel to take charge as Swiss Re China CEO
Currently head of P&C reinsurance for Middle East & Africa, Strebel has takes over from Ivan Gonzalez, who has been elevated to CEO of Swiss Re CorSo.
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- May 16 2024
Swiss Re to exit unprofitable digital white-label platform iptiQ
The reinsurer's Asia premiums grew 5% to US$3.5bn year-to-date from renewals; books US$100m losses from Baltimore Bridge collapse.
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- May 16 2024
Kay International AMEA appoints deputy chief broking officer for SE Asia
Singapore-based Yan has 24 years of facultative reinsurance, retro placement and broking experience across South-East Asia.
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- May 16 2024
Swiss Re China head Ivan Gonzalez appointed CorSo global CEO
Gonzalez will succeed Andreas Berger, the incoming group CEO, effective July 1 and relocate to Zurich. He will be succeeded by Beat Strebel, currently the market unit head for Middle East & Africa.
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- May 16 2024
Cyber attacks top business risk for financial institutions: Aon
Failure to attract and retain top talent, which is now at eighth position, is expected to rise to third place as a future risk, according to a survey by the broker.
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- May 16 2024
Australian broker Bellrock takes BHSI claims specialist
Sydney-based Joseph Hershewe has been appointed as head of claims by the specialist broker.
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- May 16 2024
Markel expands China team with three Shanghai appointments
Martin He has joined the specialty insurer as marine underwriter, George Ke has started in his role of professional and financial risk and cyber underwriter, and Lei Wang has become manager of model analytics and reporting.
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- May 16 2024
Guoren P&C’s underwriting profitability under test: Fitch
The Rating agency has downgraded the insurer's rating outlook to "negative" from "stable", while affirming its rating at "BBB".
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- May 16 2024
UN climate alliance’s second try takes consultative, multi-industry approach
The newly formed Forum for Insurance Transformation comprises (re)insurers, brokers, law firms, regulators, scientists and climate experts to drive net-zero transformation.
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- May 15 2024
ICA says additional US$92m funding for Australia disaster resilience falls short of needs
The (re)insurance industry body has welcomed the Australian government's additional disaster support funding outlined in the 2024-25 federal budget.
