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- February 23 2021
New Zealand MGA Delta appoints Kent Chaplin as COO
The former DXC Technology and Lloyd’s executive joins to support the agency's Asia expansion plans.
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- February 23 2021
Tahoe Life sale runs aground as Ping An jumps ship
The HKIA has reportedly also ordered the insurer to temporarily stop underwriting new business.
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- February 22 2021
Allianz Asia 2020 GWP hits US$9bn
China and Malaysia were standouts as regional profits climbed to US$668m.
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- February 22 2021
Increased regulation to drive Asia Pacific run-off activity: PwC
Region holds US$123bn in non-life run-off reserves – compared with US$385bn in the US.
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- February 22 2021
Tower acquires ANZ portfolio for US$10m
The deal will add around US$30m in GWP to the Kiwi P&C player.
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- February 22 2021
GIC Re sale to put spotlight on obligatory cession
All general insurers in India are required to cede 5% of their business with the state-owned reinsurer.
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- February 19 2021
Recent Japan earthquake losses likely to exceed US$100m
Aon report says 7.1-magnitude tremor unlikely to be 'significant' industry event.
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- February 19 2021
Philippines sets Q1 target for nat cat facility
Domestics insurers are currently forced to look overseas for reinsurance.
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- February 19 2021
QBE sees 10% GWP growth despite US$1.5bn loss
Nat cat claims were US$134m above firm's allowance contributing to a COR of 104.2%.
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- February 19 2021
Hong Kong’s virtual banks primed to disrupt insurance
HKIA expects ZA Bank's interplay with digital insurance arm to spur similar ventures.
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- February 18 2021
ACCC signals concerns over Aon/WTW merger
Antitrust watchdog flags cyber, marine and construction lines as well as reinsurance broking.
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- February 18 2021
Indonesia P&C GWP to hit US$5.2bn by 2025: GlobalData
While 2020 saw a 4.6% decline due to Covid-19 restrictions, a recovery is expected this year.
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- February 18 2021
Aon wins tender for Australia’s terrorism reinsurance scheme
Guy Carpenter had worked with the Australia Reinsurance Pool Corporation for 15 years.
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- February 18 2021
Munich Re confirms South-East Asia and digital L&H leaders
Singapore-based Aravind Srinivas and Tobias Frenz have taken on new roles with the global reinsurer.
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- February 18 2021
Private equity hunger for Asia insurers to grow
Global PE firm Carlyle has targeted South Korea's reinsurance space.
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- February 17 2021
AIG slumps to US$6bn 2020 net loss
International P&C GWP, which includes Asia, was one Q4 highlight growing 102%.
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- February 17 2021
Manulife’s Hong Kong & Macau earnings up 10%
Amid protests and a pandemic, new business in 2020 fell by 14% to US$460m.
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- February 17 2021
Australia broker group launches conduct review
The National Insurance Brokers Association is looking to promote commission transparency.
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- February 17 2021
Insurtech profile: Galileo Platforms
The Hong Kong-based blockchain specialist's partners include Singlife Philippines, Amodo and DXC.
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- February 17 2021
Asia SMEs resistant to cyber cover
Two-thirds of Singapore small businesses say they do not have any cyber protection in place.