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- February 11 2025
Assurex Global bolsters APAC presence through Huatai partnership
Beijing-based Huatai, majority-owned by China Re, will join the broker's global network of over a hundred independent partners.
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- February 11 2025
MS Amlin launches credit, political risk offering in Dubai with India, MENA markets in sight
New business line will be led by Osama Elshiekh, senior underwriter for credit and political risk, reporting to senior executive officer for MENA Vipul Gupta.
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- February 11 2025
Maritime decarbonisation efforts need liability certainty to stay on course amid ‘pressing challenge’
NorthStandard's loss prevention director for decarbonisation Mark Smith calls for clarity in regulation and fuel, with decarbonising the world fleet on the agenda.
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- February 10 2025
Solomon Islands sue Korea P&I Club, MS Amlin Marine in oil spill lawsuit: report
The residents of the island are seeking up to US$38m in compensation for a 2019 grounding of a cargo ship.
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- February 10 2025
Australia’s upcover secures US$12m in Series A round funding
Round was led by RealVC, with investments from Antler Elevate's Global Fund, Betterlabs and Gandel Invest, and US$5m debt from Marshall Investments.
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- February 10 2025
Allianz Commercial taps Aon’s Josephine Tam to lead financial lines, cyber in Asia
Singapore-based Tam was most recently regional director for cyber solutions and financial institutions at Aon.
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- February 10 2025
Liberty Specialty Markets’ Dipam Pandit handed expanded Asia role
Singapore-based Pandit named regional head of broker distribution with the global (re)insurer.
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- February 10 2025
Australian MGA Market Lane promotes property team pair
Joanna Hayes and Anand Narayanan promoted within specialty commercial insurance underwriting arm, The Barn.
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- February 10 2025
Macau insurers prepare for costly RBC shift, advised to follow Hong Kong lead
As Macau gears up for the new risk-based capital regime set to replace the current solvency framework, domestic carriers may encounter operational hurdles and increased costs.
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- February 10 2025
BOC Aviation settles Irish lawsuits against insurers over stranded Russian jets: report
SMBC Aviation Capital has, meanwhile, reached settlements with Swiss Re and Scor Europe, two of the 18 insurers it is pursuing litgation against.
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- February 10 2025
MG Non-Life owner to move court as talks with union break down: report
Korea Deposit Insurance Corporation's sale of the insurer to Meritz Fire & Marine has been stuck over the labour union's opposition.
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- February 8 2025
Full capacity: Trump comes knocking; India opens doors
In this week's Full Capacity newsletter from InsuranceAsia News, we look at the state of the market, nat cats, Donald Trump and India, as well as our weekly roundup of people moves.
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- February 7 2025
Aon, Sompo, Lockton, FM, Crawford: 10 APAC insurance people moves of the week
Great American Insurance Group, Great Eastern General Insurance Malaysia, Allianz Partners, Allianz Commercial, Berkley Insurance Asia, Generali Insurance Malaysia, HDI Global and domo also made personnel changes over the last week.
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- February 7 2025
LA wildfires unlikely to impact APAC (re)insurers due to ‘limited’ exposure: Fitch
Rating agency expects insured losses from the wildfires to significantly exceed previous records, with industry estimates ranging from US$35-50bn.
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- February 7 2025
India’s employees’ unions oppose ‘irresponsible, derogatory’ FDI hike: reports
All India Insurance Employees Association demands 'immediate' withdrawal of the proposal to increase the foreign direct investment (FDI) limit to 100%.
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- February 7 2025
Great Eastern General Insurance Malaysia names Jeremy Yeap as CEO
Yeap succeeds Ng Kok Kheng, who retired at the end of January having served as CEO for 17 years.
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- February 7 2025
HDI Global names Joanna D’Silva as senior underwriter for engineering in Melbourne
D'Silva previously spent over eight years at AIG, working in Melbourne and Malaysia.
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- February 7 2025
Allianz Commercial promotes Horace Gon to deputy Hong Kong CEO
New role in addition to responsibility as head of financial lines for Hong Kong and greater China.
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- February 7 2025
Hannover Re’s 1.1 APAC premium growth flat as it ‘adjusts’ appetite
Primary rate increases have not been as pronounced in the region, with executive board member for P&C Sven Althoff telling IAN that the reinsurer is 'watching carefully'.
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- February 6 2025
California fires losses to exceed Hannover Re’s Q1 large-loss budget
The reinsurer estimates a US$500-700m hit from the event and an industry loss of US$30-40bn.
