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- August 24 2018
MetLife appoints new president for Asian operations
Kishore Ponnavolu, who is currently head of auto and home business in the US, will relocate to Hong Kong.
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- August 24 2018
Markel appoints professional and financial risks underwriter
Gordon Lam joins from Beazley and will be based in Singapore initially and is expected to relocate to Hong Kong.
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- August 23 2018
Ping An profit up 34%
China’s second-largest insurer benefited from a spike in sales and improved efficiency from new technologies.
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- August 23 2018
HSBC to open insurance office in Shenzhen
The global banking giant seeks to expand its presence in China’s Greater Bay Area economic region.
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- August 22 2018
Korea’s life insurers post 6.7% net profit rise
Higher investment returns drove the strong result, according to the Financial Supervisory Service.
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- August 22 2018
Chubb makes senior leadership appointments for Hong Kong
Stanley Wong is named as the new country president for Hong Kong, Taiwan and Macau.
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- August 22 2018
Khazanah sells Turkish insurer to Bupa
The Malaysian sovereign wealth fund has sold Acibadem Sigorta for an undisclosed amount.
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- August 21 2018
Chubb establishes major accounts division in Asia Pacific
The division will encompass underwriting, risk engineering and claims for large clients in the region.
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- August 21 2018
China’s dip in premium income narrows
Life insurers, which constitute about 70% of total premium income, led the decline during the first half.
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- August 21 2018
Malaysia loosens divestment rule for foreign insurers
The central bank has said the deadline for compliance will be decided on a bilateral basis.
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- August 20 2018
Ping An forges JV with Grab in healthcare services push
The two companies aim to deliver online healthcare services across South-East Asia.
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- August 20 2018
Global losses from disasters down
Of the US$36bn total global economic losses in the first half, US$20bn were covered by insurance.
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- August 20 2018
Korea’s financial regulator takes action against Samsung Life
The move follows a refusal to accept minimum returns guarantees for immediate payment annuities.
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- August 17 2018
Aussie scandal felt around the world
Global insurance rates are on their longest uptrend since 2013, thanks to Australia’s badly behaved banks.
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- August 17 2018
Modicare disappoints insurers
Insurers had hoped for a slice of the action, but they have been met with disappointment.
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- August 17 2018
Philippines Nat Re names new head
Allan Rossi Santos replaces Augusto Hidalgo, who is pursuing new career opportunities.
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- August 17 2018
Etiqa Takaful seeks to expand further into Asean
The move aims to boost its takaful and general insurance brand within the region.
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- August 17 2018
QBE partners with climate risk specialist Jupiter
The partnership will allow it to take advantage of the ClimateScore data analytics platform.
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- August 17 2018
QBE profit rises after streamlining its structure
The insurer credited the performance to much-improved operations in several regions.
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- August 16 2018
Moody’s Analytics enlarges Asia-Pacific insurance team
The hires are part of an effort to support insurers with challenges such as IFRS 17, ALM, and risk-based capital.
