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- September 11 2018
Munich Re says cyber market to double in two years
Companies could be spending up to US$8-US$9bn on cyber policies by 2020 as risks become more complex.
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- September 10 2018
Tokio Marine eyes stake in Hollard Insurance
The 22.5% shareholding in the Johannesburg-based P&C insurer is expected to cost US$327m.
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- September 10 2018
Monsoon rain damage in India tops US$4bn
The direct damage and business interruption costs of the heavy rains in Kerala are still being assessed.
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- September 7 2018
Neal to replace Beale at Lloyd’s
It is understood former QBE global CEO John Neal will be given responsibility for the world's oldest insurance market.
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- September 7 2018
Dismantling of Anbang continues
JP Morgan has reportedly secured the mandate to handle the sale of its Dutch unit.
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- September 7 2018
Life support
Mainland Chinese buyers continue to play a significant role in Hong Kong’s life insurance market.
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- September 7 2018
Reinsurers’ return on equity deteriorates in first half
The decrease occurred despite an improvement in net income due to lower natural catastrophe losses.
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- September 7 2018
Lockton appoints Asia employee benefits leader
Rachael Tay will lead a team of 40 staff across China, Hong Kong and Singapore.
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- September 7 2018
Anbang looks to sell Dutch insurer Vivat for over US$1.5bn
Two Dutch insurers, Aegon and ASR, have reportedly expressed interest in bidding for the unit.
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- September 6 2018
Strong balance sheets support reinsurance outlook
Sector consolidation through M&A and rising profits are also driving the stable outlook for the sector.
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- September 6 2018
KKR, Temasek join bid for SBI General Insurance stake
The 4% stake sale is part of the pre-offer valuation exercise of the Indian insurer before its planned IPO.
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- September 6 2018
Singapore’s intellectual property office teams up with Lloyd’s
The plan is to introduce insurance products targeting companies that use IP in the course of their business.
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- September 5 2018
Scor confirms rejection of Covea’s takeover approach
Covea withdraws share offer following Scor’s board rejection.
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- September 5 2018
Dai-ichi Life confirms purchase of Suncorp’s life arm
Japan’s Dai-ichi Life to pay A$640 million (US$460 million) for the Australian life firm.
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- September 5 2018
Manipal to buy 16% stake in Cigna TTK Health Insurance
The Indian group is looking to buy a stake in in the joint venture from TTK Group for an undisclosed amount.
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- September 5 2018
Willis Towers Watson expands Asia corporate risk and broking
The appointment of Scott Burnett aims at growing the company’s bench strength and to drive business growth in the region
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- September 4 2018
Online P&C insurers growing rapidly in China
Online-only insurers took a 24% share of P&C premiums during the first half of the year.
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- September 4 2018
David Fried joins Preferred Global Health as CEO
The former QBE Asia-Pacific CEO will share his time between the headquarters in Boston and Hong Kong.
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- September 4 2018
New market development head for AM Best South-East Asia
Doron Grossman, former head of distribution for Asia Pacific at QBE, has been appointed to the role.
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- September 3 2018
Phelan to lead Aspen Singapore
Promotion follows departure of Yann Marmonier.
