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- September 6 2017
XL Catlin strengthens Asia casualty capability
Elishe Quek and Alice Chong join as casualty underwriters from AIG to take up positions in Singapore and Hong Kong.
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- September 6 2017
Huabang Financial to acquire Israel’s Clal Insurance
The controlling stake in the Israeli insurance and financial firm is valued at approximately US$1.36b.
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- September 6 2017
Growth of non-linked life premiums drops in HK
However, linked life business enjoyed a steep increase in growth, according to the latest data from the Hong Kong Insurance Authority.
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- September 5 2017
Anbang returns to more traditional business model
The company is preparing a new array of services and products to launch after its current ban expires.
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- September 5 2017
Chubb appoints two Asia-Pacific cyber executives
Andrew Taylor in Sydney and John DePeters in Singapore take up new regional cyber underwriting roles
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- September 5 2017
Largest Philippine HMO in trouble over capital
Caritas Health Shield to raise fresh capital after allegations it has US$136m deficiency in its actuarial reserves.
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- September 4 2017
Premiums up 21% in Cambodia
Total gross premiums surged to US$68m during the first half of the year, driven by the life sector.
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- September 4 2017
Sompo to sell Lloyd’s unit
The Japanese insurer will offload Sompo Canopius to private equity firm Centerbridge Partners for ¥100b.
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- September 4 2017
Chinese premium income growth slows
Total premium income grew at 21.3% through July, compared to more than 35% in the same period last year.
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- September 1 2017
Targeting Asia’s greying population
Insurers could be missing a trick by not offering more retirement income products to the region’s ageing population.
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- September 1 2017
Banks turn to insurance for cyber attack cover
Banks are finding ways to shield their businesses from operational risks by considering insurance coverage.
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- September 1 2017
Chinese ministries cooperate to discipline insurers
Insurers found violating rules will be restricted from establishing banking, securities and insurance subsidiaries.
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- September 1 2017
Aviva Asia launches Vietnam subsidiary
The insurer considers Vietnam a market with high growth potential and Asia as a region of strategic importance.
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- August 31 2017
Reinsurance industry braces for Harvey impact
Will the storm, the first major hurricane to make landfall in the US since 2005, bring an end to the soft reinsurance market?
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- August 31 2017
Korea’s health insurance outlays hit US$30bn
Spending on medical examinations, hospitalisations and drug purchases in the first half of the year rose 9.2%.
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- August 31 2017
Takaful sector remains an underperformer
The industry remains hounded by issues that prevent it from achieving greater heights, says Gulf Times.
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- August 31 2017
Singapore sees first digitised direct insurance broker
Startup app PolicyPal will begin operating under its subsidiary BaoXianBaobao this week.
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- August 31 2017
Willis Towers Watson hires P&C consulting head for S Asia
David Maneval will be responsible for developing the non-life insurance consulting practice across Singapore, Thailand, Indonesia, Malaysia and Vietnam.
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- August 30 2017
Fairfax buys stake in rival of Indian partner
ICICI Lombard has agreed to allow the Canadian company to buy a 49% stake in nonlife startup Digit.
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- August 30 2017
Japan insurers review regional risks
Leading nonlife insurers are re-evaluating damage risks to improve their premium pricing.
