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- November 12 2024
Tokio Marine Asia appoints Marsh’s Riky Parulian Silaen as marine cargo underwriting head
Jakarta-based Silaen was most recently manager for marine, cargo and logistics for the broker.
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- November 8 2024
Global funding for insurtech tops US$1.38bn in Q3 driven by AI-centred deals: Gallagher Re
The number of deals struck in Q3 2024 fell to 77, the lowest in nearly four years.
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- November 7 2024
Singapore minister clarifies Allianz-Income deal halt following “misperceptions” on government’s role
Minister for Law K Shanmugam said it is not true that the government “blessed” the deal only to reverse its decision later.
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- November 7 2024
The Hartford makes Singapore foray with Axa XL hire
Zhenghong Pan will join the specialty carrier in Singapore as principal officer & underwriting manager, financial lines.
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- November 4 2024
Price Forbes Singapore appoints Jennifer Gray as director of professional risks and healthcare
Gray will focus on managing and expanding the broker's regional portfolio, leveraging her experience to drive growth through both domestic and international markets, and will be reporting to APAC CEO Philip Johnson.
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- November 4 2024
Axa XL bolsters Asia fine art & specie team with a senior hire
Hong Kong-based Rhiannon Alban-Davies joins the specialty carrier as regional head of fine art & specie.
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- November 1 2024
China Re-owned Chaucer brings onboard Ivan Sit as marine class underwriter
Sit joins from China Taiping Singapore where he spent four years as head of marine.
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- November 1 2024
APRA applies additional US$6.6m capital requirement to Pacific International Insurance
The regulator identified fundamental deficiencies in Pacific’s oversight and control of its existing binder holder business and risk management framework, including weaknesses in accountability and adequacy of resourcing.
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- October 29 2024
APAC 9M economic losses from nat cats topped US$70bn: Aon
The damage from the first nine months of the year is higher than the US$69.6bn in economic losses caused by natural perils for the whole of last year.
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- October 28 2024
Lockton expands in India with Arihant acquisition
The acquisition by the global broker that entered the Indian market earlier this year has received regulatory approval.
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- October 25 2024
Pacific rates drop 6% in Q3 driven by declines in finpro, cyber and property lines: Marsh
Finpro premiums was down 14%, while cyber cover saw a 11% disclose and property declined 6% as increased competition and capacity weighed on ratings.
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- October 24 2024
Asia insurance rates drop 4% in Q3 led by finpro and cyber lines: Marsh
Finpro lines have seen decreases up to 30% in some cases as continued lack of activity in the capital markets limited insurers' opportunities for new business, according to the latest Global Insurance Market Index by the broker.
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- October 24 2024
China launches new insurance scheme to support cross-border commerce: report
Insurance companies can offer tariff guarantees for cross-border businesses, eliminating the need for them to use physical collateral or pay large tariff deposits to banks.
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- October 24 2024
Lloyd Warwick International appoints Scott McNeill as natural resources loss adjuster
Perth-based McNeill (pictured) is a chartered civil engineer and project manager with 19 years of experience in engineering, construction and insurance.
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- October 24 2024
Asian insurance market faces turbulence amid nat cats, economic shifts: WTW
The Pacific market is experiencing more favourable conditions, with reductions in pricing for various sectors, including construction and liability.
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- October 23 2024
Sedgwick appoints Nigel Lloyd as director of resources and power generation
Perth-based Lloyd has 12 years of experience managing complex claims in the resources, power generation and construction sectors.
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- October 23 2024
ASIC sues QBE for allegedly misleading customers over loyalty discounts
The corporate regulator said the insurer's pricing model reduced the discounts promised to customers on policy renewals.
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- October 22 2024
Allianz looks to exit decades-old India JV with Bajaj: report
It is eyeing an exit from life and general JVs because its Indian partner is not allowing the German insurer to raise its stakes at a discounted price.
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- October 22 2024
Australia financial services minister defends brokers commisions
Minister Stephen Jones confirms that broker commissions are safe and they are not the issue at the heart of the recent allegations from the Australian Broadcasting Corporation on hidden fees and secret kickbacks in the strata industry
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- October 21 2024
Starr Insurance receives regulatory nod for Seoul branch
The carrier's new branch will be led by Aon veterean Paul Choi and it will offer commercial P&C products across Korea.
